Markinson announces acquisition by international software group, Constellation Software.
On 15 December 2011, Markinson announced its acquisition by international software and services group, Constellation Software.
The deal, for an undisclosed sum, provides Markinson with a strong corporate platform to support growth and expansion into new markets, and provides access to resources and expertise to strengthen its product portfolio and solutions available to local customers.
As part of the acquisition, Markinson will join the Constellation's Friedman Operating Group, and operate as an independent division within Friedman.
Ian Whiting, chief executive officer of Markinson says while the deal significantly accelerates the company's growth strategy, on an operational level it will be 'business as usual' with the company continuing to trade under its business name, and no management or staff changes.
"This is an exciting development for both Markinson and its customers. For the last two years, through a series of acquisitions and strong organic growth we have strengthened our position in the local business software solutions market. Our acquisition by Friedman now provides us with a stronger corporate platform to support our next phase of growth, while at the same time continuing to provide first-class services to our customers," said Whiting.
Mark Robertson, chairman and founder of Markinson, added, "After over 25 years of developing a world class business, it is pleasing to see the realisation of the next important stage in the evolution of Markinson."