Great Plains Software Announces A Strategic Acquisition to Deliver An Enterprise-Wide Solution.
The Midmarket Leader Expands Windows NT/SQL Server Business Solutions to Include Manufacturing and Human Resources
Great Plains Software, Inc. (NASDAQ: GPSI), today announced it has expanded its industry-leading Microsoft BackOffice financial management solutions to include a suite of manufacturing applications and a human resource management system. Great Plains Software is acquiring these products through an acquisition of certain assets of ICONtrol, Inc., a subsidiary of a holding company and an independent software provider of manufacturing and human resource solutions. The price of the transaction was approximately $7.5 million in cash.
As a Great Plains Software Independent Software Vendor (ISV) since 1993, ICONtrol has more than 500 customers in the midmarket and has an established presence among the Great Plains Software Partner channel. The ICONtrol manufacturing and human resource products have been fully integrated with Great Plains' Windows NT client/server products and now will become components of the Great Plains Dynamics product family.
"Many midmarket customers are seeking an enterprise-wide solution from a single source. Delivering a fully-integrated enterprise solution with the same architecture, platform and user interface is the right strategy for Great Plains Software and our Partner channel," said Doug Burgum, Great Plains' chairman and CEO. "In addition to gaining important components for Great Plains' enterprise-wide solution, the ICONtrol acquisition also gives us a dedicated team of 54 employees with solid manufacturing and human resources expertise."
Great Plains' Solution for Manufacturing
Great Plains Software's manufacturing suite is fully integrated with the Dynamics C/S+ financial and distribution applications and shares the same architecture, platform and user interface. The solution is targeted at discrete manufacturing firms and is designed to manage the entire manufacturing process. The manufacturing suite has more than 10 applications which include material requirements planning (MRP), capacity requirements planning (CRP), master production scheduling (MPS), manufacturing order processing (MOP), production costing, and job costing.
In addition, Great Plains Software's manufacturing suite works in concert with Great Plains' suite of field service applications, ServiceAdvantage, to provide a complete solution for manufacturing companies who also provide field service to their customers.
Great Plains' Solution for Human Resources
Great Plains Software's human resource management system (HRMS) is fully integrated with the Dynamics and Dynamics C/S+ Payroll applications and shares the same architecture and user interface. Great Plains' HRMS solution is designed to manage the human assets of midmarket companies across all industries. In addition, Great Plains Software's HRMS solution is fully integrated with the Great Plains manufacturing suite to manage the human asset contribution to the manufacturing process.
Availability and Pricing
The Great Plains Software manufacturing suite and human resource management system will be sold exclusively through Great Plains Software's network of channel Partners. The manufacturing suite will be generally available with the shipment of Dynamics C/S+ Release 5.0, scheduled for release in North America during Great Plains' fiscal quarter ending November 30, 1998. Solution pricing will start at $50,000. The Great Plains HRMS solution will be generally available with the shipment of Dynamics and Dynamics C/S+ Release 5.0, also scheduled for release in North America during Great Plains' fiscal quarter ending November 30, 1998. Application pricing will start at $5,000.
Founded in 1992, ICONtrol has substantial expertise in developing and implementing midmarket human resources and manufacturing systems. ICONtrol has been a Great Plains Independent Software Vendor (ISV) Partner and a Microsoft Solution Developer since 1993.
About Great Plains Software
Great Plains Software, Inc. (NASDAQ: GPSI) is a leading provider of Microsoft Windows NT(R) and SQL Server-based client/server business management software for the midmarket. The company's award-winning products and services automate essential business functions and enhance the strategic value of financial and operational information. The company's products and services are sold and implemented exclusively by its extensive network of independent sales and support organizations throughout the world.
This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements about the expected consummation of the acquisition of ICONtrol and the future benefits Great Plains expects to derive as a result of such acquisition. There exist a number of factors that could cause actual results to differ materially from those indicated. Such factors include: completion of the asset purchase as anticipated; Great Plains' success in integrating ICONtrol into its own operations; dependence upon distribution channels; competition; customer demand, pricing, and other factors set forth in the Company's Annual Report. -0-
All product and company names may be trademarks or registered trademarks of their respective companies. Find this and other Great Plains Software news and information at www.gps.com.
CONTACT: Great Plains Software, Fargo
Terri Zimmerman, 701-281-0550
Kim Albrecht, 701-281-3735
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|Date:||Apr 20, 1998|
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