20-20 technologies bids for virtual systems.LAVAL, QUE -- Fresh on the heels of separate purchases of MBI MBI Management Buy-In MBI Moody Bible Institute MBI Mathematical Biosciences Institute MBI Modular Building Institute MBI Mechanical Breakdown Insurance MBI Molecular Biology Institute MBI Maslach Burnout Inventory (psychometrics) Software Co. and Data One, 20-20 Technologies Inc. announced its intention to acquire Virtual Systems International Inc. of Raleigh, NC. The transaction is subject to certain conditions, including satisfactory due diligence on the part of 20-20 and is expected to close by mid-January. VSI specializes in the development and sale of manufacturing software for the woodworking industry. 20-20 completed its acquisition of MBI, a manufacturer of ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. software, in December and purchased Data One Inc., a creator of software for contract furniture dealers, manufacturers and facility managers. Speaking about the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. purchase of Virtual Systems, Jean Mignault, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 20-20, said, "This is the last critical step in establishing our global presence and a solid platform for our end-to-end solution offering for 20-20's addressable vertical markets." |
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