Software reseller Maven Solutions snapped up
MAVEN Solutions, a North West business software provider, has been snapped up by a larger rival.
Birmingham-based Edenhouse Solutions says it plans to use the acquisition of the Hyde company as a springboard in the North West.
Founded in 2006, Maven is an SAP BusinessObjects Gold Partner, with more than 100 customers, including Umbro and Manchester United.
In the year to the end of March it grew sales from £1.3m to £1.7m, profits from £159,756 to £263,607 and had net assets of £250,394 compared with £90,635 in 2011.
Edenhouse Solutions, which already has 80 staff says it will retain and expand the Manchester office.
Chief executive Paul Soloman said:”The acquisition of Maven provides the platform to offer our customers the access to yet more skills and services and gives us a bigger and broader presence in the market.
“The enhanced expertise in SAP BusinessObjects, along with more staff, customers and references, means we can offer improved services to both new and existing clients.”
Maven will trade under the Edenhouse name, Mr Soloman added. Financial terms were not disclosed.
Maven Solutions managing director Mark Stringer said: “The acquisition of Maven by Edenhouse is fantastic news for our combined customers. Edenhouse is synonymous with delivering excellence and I am delighted that Maven’s customers will be able to take advantage of the extended resources and expertise now available to them.
“The synergy between the two companies is uncanny and I am certain that Maven staff will flourish in the positive environment Paul and his team have created at Edenhouse.”
Edenhouse Solutions’ customers include Volkswagen, Halfords, Oxford University Press and GKN Aerospace. Its head office is at Quartz Point in Birmingham.
