Business
Acquisition of Siriusware Inc ("Siriusware")
Acquisition of Siriusware Inc ("Siriusware").
About this update from Accesso Technology Group Plc
[{"type":"text","content":"\n \nRNS Number : 7502U Accesso Technology Group PLC 05 December 2013 \n \n\n \n5 December 2013\naccesso® Technology Group plc\n \n(\"accesso\" or the \"Group\")\n \nAcquisition of Siriusware Inc (\"Siriusware\") \n \n - Acquisition of ticketing and point-of-sale software solutions company for total consideration of £8.0m -\n \n- Strengthens accesso's existing product offering, extends reach to new verticals including the ski and snow sports sector, and presents significant cross-selling opportunities into a broad customer base -\n \n- Acquisition expected to be immediately earnings accretive -\n \naccesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to the global attractions and leisure industry, is pleased to announce the acquisition of Siriusware (\"Siriusware\")(the \"Acquisition\"): a leading North American provider of ticketing and point-of-sale (\"POS\") software and hardware solutions and professional services to the leisure industry, with particular strength in the ski and snow sports sector.\n \nAcquisition Highlights\n \nThe Directors believe that Siriusware will:\n \n· Provide accesso with direct access into new leisure industry verticals, in particular the ski and snow sports sector and cultural attractions;\n· Increase accesso's penetration in existing verticals, such as amusement parks and waterparks;\n· Present opportunities to cross-sell its range of products and services to an expanded customer base. In particular, targeting accesso's eCommerce solutions at Siriusware's existing customers and Siriusware's POS solutions into accesso's customers; \n· Enhance accesso's ability to develop new products and integrated value-added services for customers, particularly in POS, by combining the strong IP and product development skills of both companies;\n· Provide incremental recurring revenue streams through Siriusware's ongoing license and technical support model;\n· Strengthen accesso'smanagement team, with Siriusware's current President and CEO, Mark Danemann, becoming President of Siriusware Inc., and other key staff remaining with the en...