Business
Sylogist Expands Public Sector Customer Base with Two Acquisitions
Sylogist Expands Public Sector Customer Base with Two Acquisitions.
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\n\n/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE\n\n\nSERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\nEDMONTON and CALGARY, Oct. 17 /CNW/ - Sylogist Ltd. ("SYZ" - TSX Venture\nExchange) today announced it has acquired privately held Calgary based\nMasterWorks Software Systems Ltd. MasterWorks financial, accounting and human\nresource school administration software is installed and supported in over\n70 school customers. The acquisition closed on October 15.\n\n\n"This acquisition is a strong fit for Sylogist and complements our\ngrowing presence in School Boards," said Werner Biegler, Sylogist President\nand CEO. "MasterWorks brings us a team of employees with deep school\nadministration process knowledge and a strong customer base."\n\n\n"We believe that this combination represents a great opportunity for\nMasterWorks," said James McPherson, President, MasterWorks Software Systems.\n"Strategically, this is a great next step for our company and allows us to\nleverage Sylogist to the benefit of our customers."\n\n\nEarlier in October, Sylogist acquired the assets and customers of Reflex\nGovernment Software from Harrison Muirhead Systems Inc. of Edmonton, further\nincreasing Sylogist's leadership in the Alberta municipal market.\n\n\nThe acquisition of MasterWorks and Reflex increases Sylogist's public\nsector base to a total of over 160 municipal, school and school board\ncustomers.\n\n\nConsideration for both the Masterworks and Reflex transactions was\napproximately $0.5 Million, by way of cash and assumed liabilities.\n\n\nAbout Sylogist\n\n\n--------------\n\n\nSylogist provides enterprise information management and collaboration\nsolutions to local government, education and private sector customers.\nSolutions are deployed through client, web-based and mobile systems. Sylogist\nLocal Government Solutions provide an integrated suite of business\napplications to municipalities that serve their needs for revenue, finance and\noperations management capabilities. Sylogist Education Solutions provides\nfinancial, student information and collaborative web-site management systems\nfor the K-12 market. Our industry leading collaborative web solutions enhance\nteacher, parent and student on-line collaboration driving improved student\nachievement....