Made2Manage Systems Strengthens Vertical Industry Expertise in the Metals, Wire and Cable Industries
INDIANAPOLIS, Feb. 15, 2006 — Made2Manage Systems Inc., the leading provider of enterprise resource planning (ERP) software and a broad range of services for manufacturers across multiple manufacturing industries, today announced that it has acquired AXIS Computer Systems Inc. Privately held, Marlborough, Mass.-based AXIS is the leading supplier of ERP software and services to manufacturers within the metals, wire and cable industries. AXIS solutions are used by a wide range of company sizes across North America, from small operations to Fortune 500 businesses.
"This acquisition marks Made2Manage Systems' fourth in the last 15 months and immediately follows our recent announcement that we have access to millions more in growth capital via a partnership with Thoma Cressey Equity Partners," said Jeff Tognoni, CEO of Made2Manage Systems. "We will build on this tremendous momentum throughout 2006 as we execute our strategy to acquire strong companies like AXIS and improve the software ownership experience for all our customers."
Recent Made2Manage Systems acquisitions include: DTR Software International in August 2004, assets of ADS Information Systems in September 2004, and Capri Corp., through its operating subsidiary Cimnet Systems Inc., in December 2005.
"The acquisition of AXIS is in line with Made2Manage Systems' continued strategy to gain specific manufacturing expertise within the ERP software market," said Tom Millay, vice president of industry solutions for Made2Manage Systems. "AXIS offers deep functionality that addresses the unique challenges of customers within the metals, wire and cable industries, helping Made2Manage Systems expand its offering of industry-specific technology solutions for potential customers."
AXIS will now operate as a business unit of Made2Manage Systems, with Janna Hoiberg, AXIS' former director of operations, acting as general manager. Principal shareholder, founder and CEO Ed Verock will not continue with the business and plans to retire.
"We're extremely pleased with the acquisition and the value it will bring to our customers," said Verock. "Made2Manage Systems has a sustained leadership position in the market because of a strong management team, positive customer relationships, and quality products and services. I'm more than confident our customers are in capable hands and that Made2Manage Systems will add value to their businesses."
Made2Manage Systems remains committed to the ongoing sales, maintenance, support and enhancement of AXIS' product and service line to meet the needs of both existing and future customers.
Made2Manage Systems plans to maintain AXIS' headquarters in Marlborough, Mass.
In the transaction, AXIS was advised by Revolution Partners, a Boston-based investment banking firm.
About Made2Manage Systems Inc.
With more than 2,150 customers worldwide, Made2Manage Systems has a 20-year track record of delivering enterprise resource planning software and a broad range of services that meet the unique market specifications of more than 30 manufacturing sectors, including industrial and commercial machinery, fabricated metals, rubber and plastics, electronics, analytical and measuring equipment, furniture and fixtures, and durable goods. Made2Manage Systems' sustained leadership position in the ERP marketplace is built on a commitment to fostering productive, long-lasting customer relationships, developing a quality product line based on unique industry specifications, and providing excellence in customer support and professional services.
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