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Solarsoft Acquires VantagePoint Systems (TSX-V:VPG)
This acquisition of VantagePoint Systems reflects Solarsoft Business Systems’ commitment to investing in industry-leading ERP systems that add clear value to customers within well-defined strategic markets.
Jim Hennings
,
CEO & Chairman
SEG served as exclusive advisor to VantagePoint Systems
Client Description
The company
VantagePoint Systems is the leading supplier of specialist manufacturing software to the global packaging industry.
Buyer Description
The company
Solarsoft is a provider of ERP software and IT services to manufacturers, distributors, and wholesale businesses.
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PRESS RELEASE OVERVIEW
Software Equity Group’s Client VantagePoint Acquired by Solarsoft
San Diego, CA, January 24, 2008 – Solarsoft Business Systems announced today that it has completed the acquisition of Software Equity Group’s client, VantagePoint Systems, the leading supplier of specialist manufacturing software to the global packaging industry.
Shawn McMorran, CEO of Solarsoft, comments, “We are delighted to have VantagePoint and its exceptional products and people as part of Solarsoft. This acquisition reflects our continuing commitment to investment in industry leading ERP systems that add clear value to customers within well-defined strategic markets. James Hennings and his team will continue to lead VantagePoint and I am looking forward to working together to leverage our combined strengths in products, sales and customer service.”
Solarsoft’s acquisition was completed on schedule with the full support of VantagePoint’s senior management and was backed by the overwhelming majority of shareholders. VantagePoint and its affiliates will become private operating subsidiaries within the Solarsoft group.
James Hennings, adds: “We are very excited about becoming part of Solarsoft’s growing presence in the ERP marketplace. As a division of Solarsoft, we will continue to focus on delivering class leading software and services to our customers and to the worldwide packaging industry. This combination will make us a stronger business and will greatly benefit our current and future customers.”