BLACK COUNTRY software firm Innovise plc has swooped to pick up the intellectual property assets of a liquidated rival.
Southampton-based Pivetal Limited provided specialised in intelligent automation solutions for IT and communication providers. Now, AIM-quoted Innovise is to take the products into new business unit within Innovise’s existing Enterprise Service Management division to develop and exploit Pivetal’s IP.
Innovise ESM helps large enterprises to manage complex IT systems by providing a range of solutions based on technology from global vendors such as CA, HP and IBM, as well as fast-growing providers such as Service-now.com.
Brierley Hill-based Innovise said the formation of the new business unit will enable it to offer its own niche solutions to work alongside and complement those provided by its partners.
Innovise is hiring a team of 10 senior software engineers and will continue to deliver and develop the Pivetal product set from offices in Southampton and the Innovise technology centre in Mumbai.
Mike Taylor, CEO of Innovise, said: “Innovise ESM is a specialist in the ITSM space and works extensively in the financial and telecoms markets. The addition of the proven Pivetal product sets will enable us to cross-sell to existing customers and to achieve value-adding integration with solutions from the leading partners that we work with in these markets.”
Innovise said it expected the latest acquisition to be earnings neutral in the current financial year and earnings enhancing thereafter.
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