Acquisition
December 06 2010 - 1:00AM
UK Regulatory
TIDMINNO
6 December 2010
INNOVISE PLC
Innovise creates new software unit following acquisition of Pivetal
Innovise plc, the AIM-quoted software solutions and IT services provider, is
pleased to announce that it has acquired the intellectual property assets of
Pivetal Limited, which was recently placed into liquidation. A new business
unit is being formed within Innovise's existing Enterprise Service Management
(ESM) division to develop and exploit the powerful intellectual property
created by Pivetal.
Innovise ESM helps large enterprises to manage complex IT systems by providing
a comprehensive range of solutions based on technology from global vendors such
as CA, HP and IBM, as well as fast-growing providers such as Service-now.com.
The formation of the new business unit will enable Innovise to offer its own
niche solutions to work alongside and complement those provided by its
partners.
Since its formation in 2001, Pivetal had delivered intelligent automation
solutions to leading telecoms and communications providers. These customised
and highly adaptable solutions are designed to increase the speed, visibility,
integration and responsiveness of complex business processes.
Innovise is hiring a team of 10 senior software engineers and will continue to
deliver and develop the Pivetal product set from offices in Southampton and the
Innovise technology centre in Mumbai.
Mike Taylor, CEO of Innovise, said: "Innovise ESM is a specialist in the ITSM
space and works extensively in the financial and telecoms markets. The addition
of the proven Pivetal product sets will enable us to cross-sell to existing
customers and to achieve value-adding integration with solutions from the
leading partners that we work with in these markets."
Innovise expects this latest acquisition to be earnings neutral in the current
financial year and earnings enhancing thereafter.
Contact:
Mike Taylor, Chief Executive Innovise plc 087 0626 0400
Tony Edwards, Finance Director Innovise plc 087 0626 0400
Edward Hutton, Nominated Advisor Northland Capital Partners 020 7492 4750
Ltd
Ian Foster, Shareholder Wordsworth Communication Ltd 077 3918 5050
Relations
Note to editors:
Innovise plc is a fast growing IT solutions company with two divisions, each of
which has its own management team and focused growth strategy.
Innovise ESM enables major organisations to transform complex IT environments,
resulting in improved performance and service. The division partners with the
leading global vendors to deliver best-in-class solutions to Fortune 500
businesses across a range of industries.
The Innovise Software & Solutions division consists of two complementary units:
Innovise Software's products are extensively used to improve efficiency within
the facilities management, support services and public sectors, while Innovise
Solutions provides customised and highly cost-effective managed services
including remote database administration, infrastructure management and
Microsoft solutions.
Innovise has offices in Brierley Hill, Slough, London and Mumbai.
For more information, please visit www.innovise.com.
END
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