HiT Software Acquired by BackOffice Associates
byon 05-04-2010 at 04:47 PM (3441 Views)
Data integration specialists HiT Software announced at COMMON yesterday it had been acquired by BackOffice Associates, LLC, a Massachusettes-based data migration and governance firm.
HiT Software founder Giacomo Lorenzin told MC Press Online that the two companies were completely complementary and, combined, could sell into a much larger market with an extremely well-rounded data integration/migration product line.
"The combination of BackOffice Associates' extensive solutions and HiT Software products will give customers more innovative and far-reaching capability than ever before," said Lorenzin.
With the acqusition, BackOffice gains a robust suite of change data capture and data access products to integrate with its master data management, data migration, and data governance solutions. HiT Software will have BackOffice Associates' highly regarded CranSoft platform that the company uses to support its services but, according to Lorenzin, is "5-to-10 years ahead of other providers in the marketplace."
Lorenzin said the combined technical expertise of the two companies will output products to the marketplace "that customers only dream about today."
BackOffice Associates (www.boaweb.com) among other things offers products and services that support ERP solutions for global customers. It specializes in smooth startups for companies implementing new ERP solutions.
Lorenzin, who will continue in his role leading HiT Software as managing director, said HiT will remain in its San Jose, Calif., location as the west coast office of BackOffice Associates.--Chris Smith