LONDON, June 1, 2012 /CNW/ - Solarsoft Business Systems announced today that the shareholders and management of Progressive
Solutions Incorporated ('PSI') have agreed to accept an offer from
Solarsoft to acquire PSI.
PSI, which is privately held, provides specialist enterprise software
for producers, manufacturers and distributers in the lumber and
building materials supply chain. Since 1989, PSI has grown to become
the leading supplier of management systems to saw mills, lumber yards
and suppliers of construction materials in North America and the UK.
With its proven expertise and class-leading products, bisTrack and
lumberTrack, PSI has established an outstanding reputation for high
quality service and customer satisfaction.
Commenting on the transaction, Shawn McMorran, chief executive of
Solarsoft Business Systems, said: "I am delighted to be able to make
this announcement because PSI is a great business and an excellent fit
with Solarsoft. This acquisition will add significant strength to our
offering for distribution and wholesale customers. Furthermore, it
brings to Solarsoft a talented and successful team with deep vertical
market expertise and a commitment to excellence in customer service.
PSI's customers will benefit too from being supported by a larger
organisation with international operations. We see a bright future
"We believe that the combination with Solarsoft will provide fresh
momentum to the ongoing development of PSI's products and services for
the benefit of customers, suppliers and employees" said Len Williams,
president, CEO and founder of PSI.
Andy Hovancik, chief operating officer at Solarsoft added: "Solarsoft
has an established position in distribution and wholesale systems in
the UK and Ireland. PSI's strength in North America and in the
specialist needs of the lumber and wood products sector are
complementary to that. Bringing PSI's market-leading applications into
Solarsoft will allow us to accelerate our strategic expansion in this
sector. Together, we will continue to develop the outstanding
reputation that PSI has built for product innovation, expertise and
About Solarsoft Business Systems
Solarsoft provides modern enterprise software and IT services to
manufacturers, distributors and wholesale businesses in North America,
Europe and Asia. The company has grown organically and through
acquisition since 1986 and employs more than 450 people providing local
support across 16 time zones. More than 2,500 companies rely on
Solarsoft to bring clarity and efficiency to their daily operations.
Worldwide revenues when combined with PSI will be in the order of
US$100 million. Solarsoft is backed by Marlin Equity Partners, an
independent investment firm with over $1bn of institutional assets
For more information about Solarsoft please visit http://www.solarsoft.com.
SOURCE Solarsoft Business Systems
For further information:
Solarsoft Business Systems Alison Smith (EMEA), T: +44(0)8447-700-900 ext. 5519, E: firstname.lastname@example.org.
Tanja Boesche (North America) T: +1(604)685-4209, E: email@example.com.
Progressive Solutions Incorporated Len Williams, President and Chief Executive Officer T: +1-(604)-214-8750 or +44-(0)1928 593377, E: firstname.lastname@example.org.