Soft Tech entered into an agreement to be acquired by global software company Compusoft Group, which specializes in the kitchen and bathroom design software space, for an undisclosed amount.
“We are excited about what this next chapter represents for both Compusoft and Soft Tech as we combine forces. Bringing Soft Tech under the Compusoft fold gives Soft Tech’s people and customers access to top talent, leading edge technology and a wide range of new growth opportunities,” says Co-CEO Tyron Ball. “Co-CEO Rowan Hick and I were instantly attracted to Compusoft’s clear vision, the cultural alignment with Soft Tech and their expanding global footprint. We look forward to the journey ahead.”
According to an announcement on Soft Tech's website, it will operate as a subsidiary of Compusoft, and expects to be able to accelerate new products and growth initiatives as a result of the acquisition.
The company name, branding and existing leadership will remain intact with co-CEO's Hick and Ball.
David Tombre, CEO, Compusoft Group says, “We are very excited to welcome Tyron, Rowan and the rest of the Soft Tech team to Compusoft Group. We have been looking to expand into the window and door industry for some time due to compelling similarities with our existing business, such as the growing adoption of technology, complex configuration needs and the importance of data driven solutions. The acquisition will also allow us to continue to grow internationally through Soft Tech’s existing presence in North America, New Zealand and Australia.”