Manufacturing software firms propose merger

SolarSoft Business Systems, a Canadian software developer targeting manufacturers and distributors, plans to purchase Vancouver-based VantagePoint Systems Inc., which makes software for manufacturing companies.

Toronto-based SolarSoft’s parent company, CMS Acquisition Corp., announced yesterday it is offering to buy VantagePoint for US70 cents a share, on the condition that owners of VantagePoint stock tender at least two-thirds of the company’s shares. VantagePoint’s board of directors has approved the takeover bid.

SolarSoft makes enterprise resource planning (ERP) software with accounting, finance, stock control, inventory, warehouse management, logistics and e-commerce features. It also includes tools for quotations, sales orders, requisitions, purchase orders, electronic data interchange (EDI) and production planning.

VantagePoint’s software is targeted towards organizations involved in corrugated packaging, folding cartons, retail displays, food and beverage packaging, labels and multi-wall bags. It also owns HRMS Inc., which provides software for manufacturers of corrugated packaging and retail displays.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now