Compusoft to Acquire Soft TechSeptember 3rd, 2020 by Editor
Global software company Compusoft will acquire Soft Tech, the latter company announced today, the result of a strategic decision by Soft Tech’s Board, which had set out to investigate opportunities of capital investment to support the businesses’ growth strategy. The arrangement will give Soft Tech the opportunity to achieve its vision of being known as the fenestration software company that delivers what it calls the “WOW-factor.”
Compusoft is a private equity backed business specializing in kitchen and bathroom design and configuration software. It was founded in 1989 and now has operations in 15 countries across Europe, South Africa and Australia servicing customers in over 100 countries worldwide. Being in an associated industry, Compusoft delivers complex technology solutions to a global market in a similar way to Soft Tech, and Compusoft has a presence as a technology leader. The two companies say they share a common goal to be global technology leaders in their industry, making a clear business alignment.
“We are excited about what this next chapter represents for both Compusoft and Soft Tech as we combine forces. Bringing Soft Tech under the Compusoft fold gives Soft Tech’s people and customers access to top talent, leading edge technology and a wide range of new growth opportunities,” says Tyron Ball, Soft Tech’s co-CEO. “Co-CEO Rowan Hick and I were instantly attracted to Compusoft’s clear vision, the cultural alignment with Soft Tech and their expanding global footprint. We look forward to the journey ahead.”
The acquisition will grow Soft Tech’s market reach with additional resources, access to experts and new technologies, allowing the business to accelerate new products and growth initiatives to better service customers and innovate in the market.
David Tombre, CEO, Compusoft Group added, “We are very excited to welcome Tyron, Rowan and the rest of the Soft Tech team to Compusoft Group. We have been looking to expand into the window and door industry for some time due to compelling similarities with our existing business, such as the growing adoption of technology, complex configuration needs and the importance of data driven solutions. The acquisition will also allow us to continue to grow internationally through Soft Tech’s existing presence in North America, New Zealand and Australia.”
Soft Tech will continue to run as a subsidiary under Compusoft, with the business operations and existing company name, branding and leadership remaining intact.