SEG’s Client VantagePoint Systems (TSX-V:VPG) Acquired by Solarsoft

San Diego, CA, — 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.”

About Solarsoft Business Systems
Solarsoft provides modern enterprise software and IT services to manufacturers, distributors and wholesalers in North America, Europe and Asia. Over 1,500 companies rely on Solarsoft systems to bring clarity and efficiency to their business operations. Solarsoft has 25 years experience solving problems in accounting, finance, inventory control, warehouse management, e-commerce, logistics and manufacturing resource planning. Solarsoft serves customers from offices across North America, Europe and Asia.

About VantagePoint Systems, Inc.
VantagePoint software makes packaging businesses more competitive by maximizing plant and worker efficiency, by improving profitability and by increasing customer satisfaction. VantagePoint has been developing systems for packaging companies for over 10 years. Software from VantagePoint and its subsidiary HRMS has been implemented in over 700 packaging plants to address the entire spectrum of packaging manufacturing including corrugated packaging, folding cartons, retail displays, food and beverage packaging and labels.