Transaction Updates

  • ACA acquired by a software specialist Total Specific Solutions has acquired the fashion software company ACA Groep Holding BV in Eindhoven. Through this transaction, Total Specific Solutions enters the market for fashion industry software and ACA gains extra force to further strengthen its unique position in this market.

    ACA: Market leader in software for the entire fashion industry spectrum with a strong position in this rapidly changing market

    ACA is the market leader in the fashion industry software sector and together with Divide, they form ACA Wholesale, Eazier, Multiply and Stockbase the Fashion Alliance. The cooperation delivers a holistic solution for wholesale and retail companies in the fashion industry. The all-in-one solution consists of ERP, Point of Sale, Social Media, Online Marketing and sharing of inventory within the chain.

    For many years, Total Specific Solutions has been active in the verticals: (local) government, healthcare, and finance. As part of Constellation Software Inc. TSS actively searches for new companies that will strengthen their position in current verticals or offer entry points into new verticals, nationally as well as internationally. After the previous acquisition in the legal sector, TSS enters a new vertical with the acquisition of ACA Fashion Software. Ramon Zanders, the General Manager at TSS, is pleased with the new addition to the group: "As the largest Vertical Market Software supplier in the Benelux we believe in market expertise. This is the starting point to help our clients with the specific challenges they face. We are organized into independent business units based on the unique client segments. This way we can best meet the needs of our customers."

    The know-how and the network of TSS and its parent organization Constellation Software Inc. (CSI) from Canada, will assist ACA to further improve its base and strengthen its position in the fashion market. The current management remains involved with ACA and will shape the strategy. Roel de Kock, the Managing Director of ACA, is delighted with the new owner: "TSS is a solid partner with extensive experience in the software industry from whom we can learn considerably. We remain an independent business unit but will seek to collaborate with other TSS or CSI companies, especially those with fashion expertise. We will actively pursue how we can serve our customers even better and more efficiently."

    About ACA

    It is ACA\'s mission to help improve the performance of fashion companies through excellent software that enables them to optimally serve the omnichannel consumer and manage their company with dependable management information. Software that contains intelligence reducing lost sales to a minimum. ACA serves all types of fashion companies, from pure online players to subsidiary companies, from independent stores to omnichannel companies and from brand suppliers to wholesalers who want to better support their retail customers. ACA was founded in 1983 and has automated over 1,000 companies.
    Show more www.aca.nl Sep 07, 2015 Share:
  • Van Brug Software and Dataplaza are now part of Total Specific Solutions (TSS) Total Specific Solutions has reached an agreement to acquire Van Brug Software, Dataplaza and NotarisID from the current shareholders. Through this transaction, Total Specific Solutions enters the market for notary business software and Van Brug Software gains extra force to further strengthen their unique position in the notary market.

    Van Brug Software: Market leader with a strong starting point for future growth

    Van Brug Software B.V., founded in 1985, is a full-service organization that specializes in the development, sales, implementation and support of end-to-end business software for the notary market. For many years Van Brug Software has grown autonomously. It delivers, among others, the Notary Information System, which is a very functional comprehensive solution for notary services. Van Brug Software has a market share of over 50% and is the undisputed market leader in this segment.

    Robert Heinen, current director of Van Brug Software, founded Dataplaza and Notaris ID. \"We strongly believe that each Dutch citizen should be able to operate safely on the internet and have control over their own data.\" Based on this vision, he has built Van Brug Software over the years to what it is today. With the new concepts that have been introduced over the past years, Van Brug Software aims to offer the office of notary the right legal security for conducting legal business digitally.

    A logical expansion of the Total Specific Solutions' portfolio

    Total Specific Solutions is currently active in three verticals: (local) government, healthcare and finance. As part of Constellation Software Inc. TSS actively searches for new companies that will strengthen their position in current verticals or offer entry points into new verticals, nationally as well as internationally. With the acquisition of Van Brug Software, Dataplaza and NotarisID TSS enters a new market. Ramon Zanders, general manager at TSS, is pleased with the new addition to the group: \"As Vertical Market Software supplier we believe in market expertise. This is the starting point to help our clients with the specific challenges they face. We are organized into independent business units based on the unique client segments. This way we can best meet the needs of our customers.\"

    The coming period

    After the acquisition, Van Brug Software will continue to serve their clients and will also realize the growth ambitions of the companies. TSS will support management with the development and rollout of the Dataplaza products and NotarisID in the notary vertical as well as other markets where NotarisID can be of importance. And TSS, in collaboration with Van Brug Software, will explore and shape the opportunities to expand nationally and internationally.
    Show more www.vanbrug.nl Apr 01, 2015 Share:
  • TSS takes next step in growth strategy with new owner Total Specific Solutions (TSS), the largest vertical market software (VMS) company in the Benelux, takes next step in its growth strategy with new owner Constellation Software Inc. (TSX:CSU). TSS has achieved successful and strong positions in the verticals of healthcare, finance and government. Together with Constellation Software TSS will further strengthen its Benelux and European position.

    Vertical Market Software

    TSS is characterized by its strategic vision that specific markets need specific software. This vision results in software that helps clients realise their ambitions faster, more efficiently and effectively. Because clients value the specific vertical market software of TSS, the company has developed into a successful company with strong market positions.

    Although vertical market software is specific for each market but different from country to country, there are plenty of generic technological and social developments that make a European ambition possible. Examples are trends like 'consumerisation of IT' and 'big data'. But also developments like cloud technology and business process outsourcing. These trends and developments tend to be generic for all European countries.

    As part of Constellation Software, TSS will continue to develop its vertical market software by country. At the same time, clients and employees will benefit from the cross-fertilization between the countries in terms of trends, technological developments and innovations. Clients therefore get the best of both worlds; software specifically designed for their market in their country with the knowledge that this software is based on global knowledge, trends and developments.

    Robin van Poelje, CEO Total Specific Solutions: "TSS wants to continue to grow and innovate. We anticipate that a new generation of software will increasingly be developed from a European perspective. Together with Constellation Software, we expect to continue to meet this rapidly developing demand in our markets."

    "This acquisition provides us complementary software and technology in in the general practitioners, pharmacies, long term care, mental care, property tax, and civil affairs markets" said Mark Leonard, President of Constellation Software. "We anticipate that the successful closure of this acquisition will bring added value to customers and will benefit employees and shareholders."

    Constellation Software

    The TSS vision and approach has made TSS the company, the platform, it is today. To further enhance its growth objective TSS asked for a change of shareholder. A shareholder with expertise in areas such as multidisciplinary software development and building an international network. The management of TSS, the Supervisory Board and shareholder Strikwerda Investments, through its subsidiary Joday Investments B.V., have searched for this new shareholder who can support the TSS growth objective. Constellation Software has specialised in vertical market software businesses, which fits perfectly with the strategy of TSS and will benefit the rollout of the TSS growth objective.

    TASS

    The management of TASS in the Netherlands and Belgium have looked at how they can best join the European VMS platform ambitions of TSS. TASS, as embedded software developer, has a service pack and market approach, which is very different from the other TSS companies. Because TASS will have little benefit from the VMS platform the management of TASS, in consultation with TSS, asked shareholder Strikwerda Investments not to sell the TASS shares to Constellation Software. This means that TASS per January 1, 2014 is no longer part of the TSS group, but continues as an independent company.

    Transaction

    Constellation Software Inc. has, through its wholly-owned subsidiary Constellation Software Netherlands B.V. ("CSN B.V."), entered into a binding agreement with Joday Investments B.V., as seller, to purchase 100% of the shares of Total Specific Solutions, for a total purchase price of approximately €240 million before adjusting for claims under the representations and warranties of the agreement. TSS will form a new operating group within Constellation Software.

    Transaction advisors to TSS were Allen & Overy, ABN AMRO and KPMG.

    About Total Specific Solutions

    Total Specific Solutions (TSS) has 1,400 employees and a turnover of €174 million in 2012 (excluding employees and turnover of TASS). The TSS companies are specialized technology companies with a focus on a particular expertise or a specific market sector, "vertical market software". TSS software makes a fundamental difference to healthcare organizations, governments and financial institutions by helping them realizing their ambitions. The TSS companies are Everest, Blueriq, KZA, PharmaPartners, PinkRoccade Local Government, PinkRoccade Healthcare and Yonder.

    About Constellation Software Inc.

    Constellation Software Inc. ("Constellation") is a global provider of enterprise software solutions serving a variety of distinct vertical markets. Its principal strategy is to acquire, manage and build vertical market software businesses. Generally, these businesses provide mission critical software solutions that address the specific needs of customers in particular vertical markets. Constellation has five operating groups which currently service over 40,000 customers in approximately 60 different vertical markets worldwide. With its headquarters in Toronto, Canada, and offices in North America, Europe and Australia, Constellation has over 6,500 employees generating consolidated revenues exceeding US$800 million. Constellation is listed on the Toronto Stock Exchange.
    Show more www.csisoftware.com Dec 15, 2013 Share: