On June 3rd 2010 Microdec Plc and CogniSoft Ltd announced that Microdec has signed an agreement to acquire a majority shareholding in CogniSoft, a transaction that will bring the two market leaders together to enable the companies to become a stronger enterprise. As a result of this transaction the companies will benefit from greater productivity, speed and agility to help the business grow.
Microdec and CogniSoft to Benefit from Synergies
Both Microdec and CogniSoft will benefit from synergies across product lines and markets and enable both companies to accelerate the reach of their solutions across Recruitment, Connexions and Training Provider organisations.
Microdec and CogniSoft Stronger Together
With this transaction, the combined company will dramatically expand its addressable Local Authority market by making available its market-leading solutions to underpin the integrated youth support services (IYSS) provided by the Local Authority for the benefit of children and young people.
Microdec said it will continue to support each organisation's product road map while enhancing products to help customers derive additional value from existing investments. It also stated that both companies' development organisations would remain intact, with the opportunity to cross-collaborate to increase innovation for customers.
CogniSoft to Operate Stand-Alone
The two companies announced that CogniSoft will operate as a standalone unit under the name "CogniSoft Ltd, part of the Microdec Group". CogniSoft's existing directors will continue to run the business with Microdec's directors joining the CogniSoft board. The Managing Director will be Clive Seagers, the existing Managing Director of Microdec.
About Microdec
Since 1983 Microdec Plc has been developing recruitment and Local Authority software systems, which comprehensively address the requirements of the Recruitment industry and Connexions Services.
A philosophy of continuous improvement is supported by liaising with customers in order to develop the software solutions available and all products and services, thereby ensuring that the solutions offered are both reliable and cutting edge combined with an outstanding service. Thousands of users world-wide use their 'Profile' Connexions and recruitment software. Visit www.microdec-profile.com.
About CogniSoft
CogniSoft was first established in 1984 and are specialists in the design, development and implementation of web based information systems to providers of learning, guidance, support and employment services. The team has grown over this time and has racked up an incredible 150 years of service with the company. For customers, this translates to a wealth of product and industry knowledge that is available to call upon and is reflected in the market leading products supplied.
Continuing growth is built on an ongoing partnership with users and responsiveness to changes in their business requirements. In the often fast-moving markets in which they operate this approach is vital.