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Accellos Acquires Headwater Technology Solutions Inc., a Leading Supplier of Technology Solutions to the Logistics Industry.


COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. -- Accellos, Inc., a leading provider of logistics, transportation, warehouse and mobile fleet management solutions, is pleased to announce that it has acquired Headwater head·wa·ter  
n.
The water from which a river rises; a source. Often used in the plural.

Noun 1. headwater - the source of a river; "the headwaters of the Nile"
 Technology Solutions, Inc. based in Toronto, Ontario, it was announced today by Mike Cornell, Chairman and 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 Accellos.

Headwater is a leading provider of technology solutions for the logistics industry. The acquisition will expand Accellos' logistics capabilities and provide an opportunity to establish the combined company as a leader in the logistics, 3PL and WMS WMS Warehouse Management System
WMS Web Map Service (open geospatial consortium specification)
WMS West Middle School (Rochester Hills, MI)
WMS Workforce Management Software
WMS Wechsler Memory Scale
 software market. Financial details of the acquisition were not disclosed.

"Headwater has an outstanding history of supplying quality software solutions to logistics providers," Cornell said "Their innovation, dedication to excellence, high-quality employees and loyal customer base will help us expand our leadership in the growing logistics software market. We will combine Headwater's established solutions with Accellos' capabilities, financial strength and expanding infrastructure. Headwater has three product lines which will all be part of the foundation of our new offerings and we plan to expand these product lines both functionally and geographically."

"The acquisition of Headwater by Accellos is a major opportunity for our customers," said Markus Luft, CEO of Headwater. "They stand to benefit from increased investments in product development and expanded resources, while our employees will benefit from the growth that will result from becoming part of Accellos." Luft will remain an integral part of Accellos as a member of the board of directors. Headwater Vice Presidents Joe Couto and Mel Mills will continue as shareholders and Couto will assume responsibility for product marketing.

About Accellos

Accellos is a global provider of logistics, 3PL transportation, warehouse and mobile fleet management solutions. Accellos' powerful supply-chain execution solutions are easy to customize and implement, providing our customers with more innovation for less investment and producing significant savings and greater profitability. Through a culture of innovation, Accellos strikes the perfect balance among customer satisfaction, employee fulfillment ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

2.
 and shareholder value. The outcome of our focus is a quick return on investment for our customers and accelerated logistics and warehousing services for the clients they serve.

About Headwater

Headwater Technology Solutions Inc. is a global Supply Chain Execution (SCE SCE (in Scotland) Scottish Certificate of Education

SCE n abbr (= Scottish Certificate of Education) → Schulabschlusszeugnis in Schottland
) company focused on the 3PL WMS, TMS TMS Transcranial Magnetic Stimulation (alternative medicine for depression)
TMS Test Match Special (sports - cricket)
TMS Texas Motor Speedway
TMS Transportation Management System
TMS Toyota Motor Sales
 and LLP LLP - Lower Layer Protocol  markets, supporting the flow of goods and information from the point of origin to consumption. Headwater's SmartEnterprise 3PL/LLP/corporate logistics, Freight Logix TMS transportation and RealDispatch field in-fleet management solutions enable seamless supply chain planning and execution that leads to smarter and more profitable management of goods as they move through the supply chain. Headwater maintains corporate headquarters in the Toronto suburb suburb, a community in an outlying section of a city or, more commonly, a nearby, politically separate municipality with social and economic ties to the central city. In the 20th cent.  of Markham with regional offices in Oakville and Atlanta, marketing its services and solutions internationally.
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Publication:Business Wire
Geographic Code:1CANA
Date:Oct 4, 2006
Words:444
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