Solarsoft to Acquire Progressive Solutions Incorporated - Acquisition Will Strengthen ERP Vendor
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Solarsoft to Acquire Progressive Solutions Incorporated - Acquisition Will Strengthen ERP Vendor's Position in Key Vertical Markets

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Solarsoft to Acquire Progressive Solutions Incorporated - Acquisition Will Strengthen ERP Vendor's Position in Key Vertical Markets PR Newswire LONDON, June 1, 2012 LONDON, June 1, 2012 /PRNewswire/ -- Solarsoft Business Systems announced today that the shareholders and management of Progressive

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Solarsoft to Acquire Progressive Solutions
Incorporated - Acquisition Will Strengthen ERP
Vendor's Position in Key Vertical Markets
PR Newswire
LONDON, June 1, 2012
LONDON
,
June 1, 2012
/PRNewswire/ --
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 together."
"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 customer service."
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
under management.
For more information about Solarsoft please visit http://www.solarsoft.com.