Exact Software buys Longview Solutions   24th September 2007 Exact Software, a mid-market ERP vendor is to acquire Longview Solutions, a provider of Corporate Performance Management (CPM) software. It is hoped that the acquisition will strengthen Exact's portfolio by adding Longview 's CPM platform, and accelerate Exact's expansion into the higher end of the mid-market. The planned acquisition contemplates an all-cash purchase price of approximately USD 51.5 million on a cash-free and debt-free basis, representing a revenue multiple of 1.8. "The strategic fit of this acquisition is excellent. Longview will broaden our solution portfolio beyond traditional ERP and t he complementary market focus facilitates our expansion in the higher end of the mid-market,” said Raj Patel, CEO of Exact. “We are very excited about and absolutely committed to Longview 's proven technology, the quality and knowledge of its employees, and its diverse and distinguished customer base . It also enables our mid-market customer base to benefit from Longview 's experience and expertise in performance management. This is a milestone for Exact in executing our strategy towards becoming the leading business empowerment software company.” “We are very excited to be joining the Exact family. The two organizations and our respective product suites complement each other very well,” said Mark E. Burton, President and CEO of Longview. “ Longview has long been recognized as a visionary and technology leader in corporate performance management. This acquisition will allow us to continue to deliver on Longview 's technology roadmap and accelerate the execution of our sales and marketing strategy. In addition, we believe that a significant number of our customers could benefit from the Exact e-Synergy platform. ”
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