Acquisitive software giant announces latest swoop
The Access Group has acquired ProspectSoft, a global provider of stock management solutions for the B2B product supply chain.
The news comes less than a month after the Loughborough-headquartered group’s acquisition of cloud-based volunteer management software firm DutySheet.
In June, The Access Group became one of the largest software providers in the UK after landing another round of funding from investors.
The company is now valued at £9.2bn, making it worth more than high-flying FTSE-100 software giant The Sage Group.
The acquisition of ProspectSoft has been completed by one of its divisions, Access ERP (Enterprise Resource Planning).
Brendan Flattery, managing director of ERP, said: “Access’ decision to acquire ProspectSoft reflects our desire to offer market leading software solutions to key market sectors, specifically to organisations involved in the manufacture, wholesale and distribution of B2B products.
“ProspectSoft operates in the world of stock management, offering a highly effective CRM solution, geared toward organisations working in the B2B product supply chain. ProspectSoft is a business that shares our passion for helping our customers achieve their goals and we’re delighted to bring ProspectSoft into our ERP Division.”
Andy Ardron, ProspectSoft founder and CEO, added: “This is fantastic news for our business, people and customers. Just like Access, we’re passionate about delivering market-specific technology that solves real-life problems for our customers.”
He added: “I’d also like to take this opportunity to thank Maven Capital Partners, who have played a big part in our success over the last five years – from the initial funding of our management buyout in 2017 to support the ongoing growth of ProspectSoft Ltd and financing a spin-out venture (Zing Dev Ltd) in 2019.
“We now look forward to further accelerating our growth and success from within the Access Group.”
