Markinson Completes Acquisition of the ERP Business of ComOps Ltd
31 August 2013 – Sydney, Australia – Friedman Corporation (“Friedman”) a wholly-owned subsidiary of Constellation Software (TSX:CSU, “Constellation”), announced that its subsidiary Markinson Business Solutions Pty Ltd (“Markinson”) has completed the purchase of the Korellus ERP software solutions business operations and assets of ComOps Limited (ASX:COM, “ComOps”).
The agreement to purchase the Korellus ERP business was subject to ComOps shareholder approval, which was granted prior to closing.
The Korellus operation includes the Korellus software suite, which encompasses enterprise resource planning (ERP), point-of-sale (POS), field automation, and business intelligence applications serving a variety of industries including manufacturing, distribution, fast moving consumer goods and retail.
Korellus products are used by a variety of medium and large enterprises in the Asia-Pacific region, including Toshiba, Coca-Cola, and Dulux.
Ian Whiting, Chief Executive Officer of Markinson, said “The addition of the ERP solutions of ComOps further extends the reach of Markinson in these regions and provides the customers of those solutions a company with a strong financial foundation, firm focus on customer satisfaction and an opportunity to grow their business with a quality partner.”
Steven Rattray, a Director of ComOps Limited, added “This is an exciting development for both the Korellus business and its customers. Being part of Markinson will provide a strong corporate platform and access to resources and expertise which will improve the product portfolio and extend market reach, while at the same time continuing to provide first-class service to their customers.”
Markinson is a business software company, delivering innovative enterprise wide (ERP) and point of sale (POS), Business Intelligence, Customer Relationship Management (CRM or xRM) and Business Process Management solutions and services to companies across Australia, New Zealand and the Asia-Pacific region. As a wholly-owned subsidiary of Friedman Corporation, Markinson benefits from a strong corporate platform and international support.
Markinson is based in Australia, and has offices in Brisbane, Sydney, and Melbourne.