Solarsoft Completes Acquisition of VantagePoint Systems



    LONDON, Jan. 24 /CNW/ - Solarsoft Business Systems announced today that
it has completed the acquisition of 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.

    For further information, see the web sites at:
    http://www.solarsoft.com and http://www.vpgroup.com

    (c) 2008 Solarsoft Business Systems Limited. All Rights Reserved.




For further information:

For further information: Solarsoft Business Systems: Steven Hargreaves,
Tel: +44(0)8447-700-900 ext 5566, Email: steven.hargreaves@solarsoft.com;
VantagePoint Systems, Inc., James Hennings, Tel: (604) 685-4209 x256, Email:
jim.hennings@vpgroup.com

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Solarsoft Business Systems

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