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by Alan Alper, MA Editorial Staff
Posted on Wednesday, February 15, 2006 5:53:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Weeks after disclosing a significant capital infusion, ERP vendor buys privately held AXIS Computer Systems Inc., a supplier of enterprise software and services to metals and wire and cable manufacturers. |
Putting recently raised capital to quick use, SMB enterprise applications vendor Made2Manage Systems Inc. today disclosed that it has acquired AXIS Computer Systems Inc., a privately held, Marlborough, MA supplier of ERP software and services to metals and wire and cable manufacturers. Although terms were not disclosed, the deal is the largest of the four acquisitions Made2Manage has completed in the last 15 months, noted CEO Jeff Tognoni in an interview with Managing Automation. With an eye toward underserved niche markets, Made2Manage in December 2005 acquired Capri Corp., a developer of ERP software for printed circuit board manufacturers, and in August 2004 purchased DTR Software International, a provider of ERP software for plastics processing firms. The company also bought the professional services and support assets of ADS Information Systems in September 2004. Word of the most recent acquisition comes six weeks after the Indianapolis vendor revealed that it had raised $50 million in equity and debt financing to help underwrite its growth-through-acquisition strategy. As part of the transaction, Thoma Cressey Equity Partners, an investment firm that specializes in M&A roll-ups, took a minority stake in Made2Manage. The private equity firm is also providing Made2Manage with access to debt financing through its relationship with Harris Nesbitt, a banking unit of North American giant Bank of Montreal (BMO) Financial Group. [Click to continue] |
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