The Corporation just completed its fourth acquisition in 2008
QUEBEC, June 5 /CNW Telbec/ - Fortsum Business Solutions Inc. (Fortsum
Business Solutions) (TSX Venture Exchange: FRT) announced today the closure of
another acquisition in line with its strategy to consolidate the market for
SAP Business One and Sage Accpac solutions in eastern Canada. Thus the
Corporation, which announced the acquisition of Syneco gestion globale Inc.
and mCite Business Systems Inc. as well as the clientele of Sage Accpac of
Forgestik Inc. in April 2008, just closed the acquisition of eNova, a business
solutions consultation service company with offices in Boucherville, Québec.
"Considering these acquisitions from a global perspective, Fortsum
Business Solutions has acquired some 200 new customers and increased annual
revenues by over $2.5 million. In addition, the expertise of the some fifteen
people added to our team is strategic to the development of our SAP Business
One and Sage Accpac activities in the Atlantic Provinces, Québec and Ontario.
Likewise, I am very pleased to welcome to our team Blake Barkhouse,
Pierre-Paul Caron, Charles Gravel and Benoît Laprise, each of whom will
continue his valuable work with his respective clientele," said Denis Carrier,
CA TI, Senior Vice-president, Integration.
"Since the beginning of the year, Fortsum Business Solutions has invested
nearly $2 million in cash in strategic acquisitions to develop activities in
the Integration segment," added Fortsum Business Solutions' President and
Chief Executive Officer, André Thompson. "Besides the expected improvement in
financial reports that should please our shareholders, these acquisitions
confirm Management's efforts to increase value both by penetrating new
geographic markets, as in the case of the acquisition of MCite in Toronto and
Halifax, and the development of our offer and existing partnerships,"
This press release may contain forward-looking information. Statements
based on current management expectations involve inherent risks and
uncertainties, both known and unknown. Actual results may vary from forecasts.
The reader should not place undue faith in forward-looking information.
Fortsum Business Solutions Inc. is mainly involved in the development,
sale, integration and support of accounting, commercial and banking software.
For more information: www.fortsum.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: André Thompson, President and Chief Executive
Officer, firstname.lastname@example.org; Dany Beaudet, Corporate Communications
Coordinator, (418) 877-3003, ext. 2272, Toll-free: 1 888 268-0088, Fax: (418)