Crayon has snapped up fellow software asset management (SAM) firm Anglepoint in a move it claims will help it become the number-one provider of the technology worldwide.
Anglepoint is headquartered in San Francisco and has locations elsewhere in the US, as well as in the UK, Finland, Germany and Singapore. The deal closed for an undisclosed sum. Anglepoint will join its new parent's worldwide SAM operation, but will continue to trade under its own brand name.
The addition of the SAM and IT asset management company to Crayon will accelerate its plans to become the number-one player in the SAM market, according to its CEO Torgrim Takle.
"Anglepoint has a scalable delivery platform that can be deployed across our other global markets and Crayon's deep complex technology volume licensing experience will add material value to Anglepoint's existing customer base in North America," he said. "I am convinced that this deal will therefore be great news for our customers, team and technology partners."
Ron Brill, Anglepoint's president, added:
"The vision for Anglepoint has always been to drive incremental value for our customers by leveraging technology and cost-optimisation opportunities through a truly unique and talented team of professionals. I believe this objective is shared by the team at Crayon and that in combining our organisations we will accelerate our ability to deliver additional value to our mutual customers across the world."
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