Asolvi, a leader in field service management solutions, owned by the founders, management and Viking Venture, has announced the acquisition of both Purpose Software Ltd and Vantage Computing.
Purpose Software is the UK's top supplier of service management software for managed print services (MPS) providers. Together Asolvi and Purpose Software will have more than 900 customers across 30+ countries.
Pål M. Rødseth, CEO of Asolvi said, “following the acquisitions of Tesseract and WS Software in 2016 and 2017 respectively, we are proud to welcome Purpose Software into our growing family. Purpose Software has the leading position in the document management space in the UK while
Asolvi occupies a similar position in the Nordics and Continental Europe. We both offer software that generates enormous efficiency and productivity gains for providers of managed print and document services. Having known Michael Burke, CEO of Purpose Software, for years, we all agreed that the two organisations would be much stronger together. We saw an opportunity to pool our resources and knowledge of this industry, empowering us to create new and improved solutions for MPS providers in the future."
Michael Burke, Purpose Software CEO said, "we are delighted to join Asolvi. We have got to know Asolvi as a competent and dedicated company in the service management space and I am confident that bringing the companies together will benefit our customers going forward. Being part of a larger software group will add strength to the product development that is needed to be a service management solution provider for the future, and I look forward to working closely with the Asolvi team to achieve this."
The procurement of Vantage Computing will enable a large number of Asolvi’s customers (typically small to mid-sized companies) to benefit from Vantage Online: Vantage Computing’s cloud-based product, currently providing streamlined and in-depth insights for 150 organisations. Now underneath the Asolvi umbrella, Vantage Computing’s software solution will reach even more small to mid-sized businesses and be further developed for this purpose.
Pål M. added, “the acquisition of Vantage Computing was a natural move for us. Previously a competitor of Purpose Software, which we acquired last month, Vantage Computing complements our Evatic solution as it will help reach more customers that are smaller in size. We are very excited to work with Tony Milford and his team and are looking forward to drawing on the strength of the Asolvi family to utilise Vantage Computing to its full potential. Tony and I believe that both companies will be stronger together and that we’ll be able to generate efficient and seamless services for a large section of the industry.”
Tony Milford, CEO of Vantage Computing said, “it makes sense for us to be a part of the Asolvi family. Bringing the teams together means that we are able to develop and build better products on a more solid foundation with Asolvi. We are incredibly excited to be one of the component companies within the market leader in service management solutions for document management, and I look forward to continue the journey as a part of the Asolvi family.”
With decades of combined experience developing solutions for a broad array of field service sectors, Asolvi’s products manage thousands of engineers, millions of contracts, and tens of millions of service tasks. Its mission is to continue creating, developing and honing new functionality and solutions for the largely under-served SME market, through collaboration and close relations with its customers. By understanding the issues, needs and preferences of SMEs, the company is in a prime position to deliver the robust and intelligent solutions that the increasingly service-oriented economy demands.
