Mergers and Acquistions News
Categories: IT Services & Consulting
January 12th 2009, 16:03PM
Infinite Software has acquired a controlling stake in Roundstone Systems, it has been revealed.
Financial terms of the deal have not been disclosed, but the newly merged entity has more than 100,000 software installations in 56 countries.
Bruce Acacio, chief executive officer of Infinite, explained that the move was exciting and should help the company continue to grow.
He said: "Infinite is quickly becoming the fastest growing Enterprise Partner for HP in California.
"The Roundstone team adds great depth and knowledge of both the Bay Area market and HP's most sophisticated servers."
John Fournier, president of Roundstone, added that the merger "made sense" as Infinite is exactly the kind of strategic partner it had been looking for.
Last month, Manhattan Software acquired Australian software firm MYOB after gaining the approval of more than 50 per cent of shareholders.
MYOB's board also agreed to sell its 30 per cent stake after it was revealed the deal was set to go through.
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