NewswireToday - /newswire/ -
West Malling, Kent, United Kingdom, 2010/08/19 - Korecentric Ltd has acquired leading engineering industry procurement software vendor Viasys Ltd. With key staff, products and intellectual property being part of the acquisition, continuity of support and development for all clients is ensured.
Korecentricy, which is based in West Malling, Kent, UK, has secured the jobs of its key staff and acquired the market leading project supply chain software products, Material Advantage and Nereus.
The acquisition, which involved former Viasys management and external investors, sees the creation of a project procurement software provider with industry focus in the engineering and capital projects sector.
Korecentric (korecentric.com) has retained key development, sales and support staff who bring vast experience of project-based procurement and contract management software to the company.
Its family of supply chain software provides companies with greater access to information and control of large scale projects. The functionality enables significant time, resource and cost savings. Following the acquisition, Korecentric will be launching a range of new software products. Developed using the latest technologies from Microsoft, the new range will offer cutting edge performance with an extensive and dynamic user interface.
Zack Hodge, Managing Director of Korecentric, commented: “The acquisition gives us the opportunity and flexibility to explore new ways to service existing and future clients in this niche sector.”
“We will continue to support the existing client base and look to bring exciting new software products to market, using the latest development technologies to provide the future proofing that our customers demand”.
“With new supply chain products in the pipeline, and through partnership with other market-leading companies, Korecentric has positioned itself as a leading vendor in the critical area of spend and procurement management".