NxTrend Acquisition Update
"Because both product lines have shown great success in different market spaces, we intend to move both products forward with new research and development and focused sales and marketing efforts," said Ross Elliott, Vice President of Operations for NxTrend. Elliott added that in addition to the new markets Dimasys will bring to NxTrend, NxTrend distribution software also bring new options to Dimasys users. "We have many products that will immediately benefit Dimasys users, including our CRM package CORrelation and our e-business and connectivity suite bizLinx. Because of the openness of both platforms, we expect many future developments will benefit both products and both user bases."
Dimasys will continue support and development of their Enspire product line of distribution software and will operate as a wholly-owned subsidiary of NxTrend. Gary Simon, the founder of Dimasys, will remain as President reporting to Mike Cornell. "The merger of our two companies will greatly benefit our Touchstone and Enspire customers," said Simon. "I believe the combined strengths of our two organizations will create by far the most complete solution suite for all the markets we jointly serve. The entire Dimasys team is very excited about our future with NxTrend."
More about distribution software
Friday, December 05, 2003
NxTrend Acquisition Update: NxTrend Open Architecture Key to Successful Distribution Software
Cornell indicated that another strategic advantage with the acquisition is the ability to further segment the market based on technology preferences for distribution software. "We understand that distributors have a variety of technology options in the market," Cornell said. "Both product lines offer open platforms and architectures to meet current market demands." NxTrend and Dimasys solutions offer solutions based on a range of technologies including PROGRESS®, Microsoft® SQL Server, UNIX™, Java™, and more.
More on Distribution Software
Cornell indicated that another strategic advantage with the acquisition is the ability to further segment the market based on technology preferences for distribution software. "We understand that distributors have a variety of technology options in the market," Cornell said. "Both product lines offer open platforms and architectures to meet current market demands." NxTrend and Dimasys solutions offer solutions based on a range of technologies including PROGRESS®, Microsoft® SQL Server, UNIX™, Java™, and more.
More on Distribution Software
NxTrend Technology Inc.® Acquires Dimasys Software
Leader in Distribution Software Adds Focus in New Vertical Markets
NxTrend Technology, Inc., the leading provider of Enterprise Commerce Management distribution software today announced its acquisition of Dimasys Software, a privately-held provider of wholesale distribution solutions. The acquisition will allow NxTrend to target different segments of the distribution industry with functionally-specific and robust products.
NxTrend President and CEO Michael J. Cornell stated, "This acquisition will allow NxTrend to bring distribution software to a wider segment of the distribution market. Dimasys has an impressive customer base, an excellent reputation and unique expertise in the industry." NxTrend has been the dominant solutions provider in the distribution industry for many years and Cornell said that the acquisition of Dimasys will further extend their market penetration. "We now have a broader product offering that can appeal to both small and large distributors in many new verticals NxTrend has not historically pursued. On the whole, Dimasys' customers are smaller distributors, and we plan to work with them to further their penetration into that market segment."
Leader in Distribution Software Adds Focus in New Vertical Markets
NxTrend Technology, Inc., the leading provider of Enterprise Commerce Management distribution software today announced its acquisition of Dimasys Software, a privately-held provider of wholesale distribution solutions. The acquisition will allow NxTrend to target different segments of the distribution industry with functionally-specific and robust products.
NxTrend President and CEO Michael J. Cornell stated, "This acquisition will allow NxTrend to bring distribution software to a wider segment of the distribution market. Dimasys has an impressive customer base, an excellent reputation and unique expertise in the industry." NxTrend has been the dominant solutions provider in the distribution industry for many years and Cornell said that the acquisition of Dimasys will further extend their market penetration. "We now have a broader product offering that can appeal to both small and large distributors in many new verticals NxTrend has not historically pursued. On the whole, Dimasys' customers are smaller distributors, and we plan to work with them to further their penetration into that market segment."
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