UK-based managed print software provider acquired

Combined business will have 900 customers across 30 countries, buyer says

High Wycombe-based managed print services (MPS) specialist Purpose Software has been acquired by Danish services firm Asolvi.

Purpose builds service management software specifically for MPS providers and counts Sage and SAP among its technology partners.

Michael Burke, CEO at Purpose Software, said: "We have got to know Asolvi as a competent and dedicated company in the service management space and I am confident that bringing the companies together will benefit our customers going forward.

"Being part of a larger software group will add strength to the product development that is needed to be a service management solution provider for the future, and I look forward to working closely with the Asolvi team to achieve this."

Asolvi said the combined businesses will have over 900 customers across more than 30 countries.

The firm is based in Norway and has offices in the UK, Sweden, Germany, France, Holland and Singapore.

Asolvi CEO Pål Rødseth said: "Purpose Software has the leading position in the document management space in the UK while Asolvi occupies a similar position in the Nordics and Continental Europe.

"We both offer software that generates enormous efficiency and productivity gains for providers of managed print and document services.

"Having known Michael Burke, CEO of Purpose Software, for years, we all agreed that the two organisations would be much stronger together. We saw an opportunity to pool our resources and knowledge of this industry, empowering the creation of new and improved solutions for MPS providers in the future."