UNIT4 extends Asia presence with acquisition of PROSOFT

8th September 2011

UNIT4, the provider of business software says it has entered into an agreement to acquire the Singapore based Professional Software Systems Pte Ltd (PROSOFT). PROSOFT specialises in Human Resources (HR) software solutions and has around 300 customer organizations with operations in Singapore, Malaysia, Indonesia, Thailand, Philippines, Japan, Hong Kong and UAE.

Established in 1988, PROSOFT provides a broad range of web-enabled HR services like HRMS, Payroll, Leave & Benefits Management, Performance Appraisal and Recruitment systems.  PROSOFT has helped organisations expanding or reorganizing in the Asia Pacific region to manage HR with a minimum of overhead. Among its customers are Nestlé Singapore, Changi Airport International Pte Ltd, Pfizer Asia Pacific Pte Ltd,Carrefour Singapore Pte Ltd, Ernst & Young Solutions LLP and Toyota Motor Asia Pacific Pte Limited. 

The expected revenues over full year 2011 are approximately € 3.5 million and the profitability is in line with UNIT4 as a whole. The acquisition is funded from UNIT4’s own cash reserves.

Following completion of the transaction the PROSOFT organization will be rebranded UNIT4 Prosoft and its 46 staff will continue to support its extensive customer base and develop its solutions. The solutions will be integrated with UNIT4’s business software solutions, which is expected to lead to significant synergies.

Chris Ouwinga, President and CEO of UNIT4, said: “This acquisition is significant for us as we look to expand across the Asia Pacific region. PROSOFT has an excellent track record of catering for the specific HR requirements of companies across the region and its solutions will integrate seamlessly with our solutions. Both companies share the common aim of helping fast changing organisations manage their businesses more efficiently, designing and delivering first class solutions and services that help customers grow in challenging and evolving markets. We look forward to working with the PROSOFT team as we build our business together.”