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Information technology services industry

Ross Systems Acquires Bizware Corporation for $2.0 Million

Strategic Insights

— 1 min read

Ross Systems, Inc. has acquired the assets of Bizware Corporation, its business partner, for approximately $2.0 million in Ross shares. Bizware provides professional services and software components related to Ross Systems' Renaissance CS and Renaissance Classic application suites. The acquisition is expected to accelerate the growth of Ross Systems' service business and capitalize on revenue opportunities in assisting customers with Year 2000 and European Monetary Unit compliance. Pat Tinley, President and COO of Ross Systems, stated that Bizware will play a major role in contributing key expertise for both the Renaissance CS and Classic customer base.

Key Takeaways:

  • Ross Systems has acquired Bizware Corporation for approximately $2.0 million in Ross shares, expanding its capabilities in providing professional services and software components for its application suites.
  • The acquisition is expected to accelerate the growth of Ross Systems' service business and capitalize on revenue opportunities in assisting customers with Year 2000 and European Monetary Unit compliance.
  • Bizware will play a major role in contributing key expertise for both the Renaissance CS and Classic customer base, supporting approximately 2,800 companies worldwide that use Ross Systems' business solutions.
  • The acquisition aligns with Ross Systems' goal of expanding its operations globally, with 500 professionals employed in offices around the world.
  • The company's corporate headquarters are located in Atlanta, Georgia, and its World Wide Web site is accessible at http://www.rossinc.com.

Statistics:

  • $2.0 million: The approximate value of the assets acquired from Bizware Corporation.
  • 2,800: The number of companies worldwide that use Ross Systems' business solutions.
  • 500: The number of professionals employed by Ross Systems in offices around the world.
  • 11:00 EST: The time at which the press release was distributed.
  • January 6: The date on which the press release was issued.

Sources:

  • PR Newswire: "Ross Systems, Inc. Acquires Bizware Corporation"
  • Ross Systems, Inc.: "Ross Systems, Inc. Develops, Markets and Supports Broad Range of Client/Server Business Solutions"

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