London, UK, 12th May 2008: The current management team of market-leading IT Value Management company, Scalable Software LLC, today announced a multi-faceted management buy-out, the net of which is as follows:
• The management team purchased the company’s ‘Scalable’ trademarks, Survey products and business;
• The new organization will operate under the name Scalable Software Limited;
• All existing employees will become employees of Scalable Software Limited (or subsidiaries); and
• The selling company will continue to operate under a different name
The Survey product is a market leader in the related areas of IT Asset Management, IT Infrastructure Optimization and IT Value Management among progressive businesses.
Scalable Software Limited will maintain dual headquarters in the UK and the US. The acquisition represents a positive restructuring for Scalable’s existing and future customers, demonstrating the belief the management team has in the value of the Survey products and the team behind them.
Mark Cresswell, CEO for Scalable Software Limited, comments, “During the last year Scalable has strengthened its operational infrastructure and established a solid foundation for future product development. The new entity of Scalable Software Limited will capitalise on this work as we enter a period of increased operational commitment and focus as an employee-owned company. This focus will directly translate into measurable customer benefits which include: accelerated, innovative, customer-led product development; extended customer support services; geographical expansion; and additional strategic alliances.”
Customers and partners will experience no disruption during the acquisition as all employees and infrastructure are part of the transaction.
In addition to Mark Cresswell the other members of the management buy-out team are Nick Youell VP of Products, Pat Hardee, VP of Alliances, and Mark Miller, VP of Sales. All existing employees also become stakeholders in the new company.
Scalable Software Limited’s Survey suite comprises a unique set of products designed to maximise the value obtained from investment in computer hardware and software. This type of software falls into a number of categories, and is most commonly referred to as IT Value Management, Asset Intelligence or Infrastructure Optimisation.
Mark continues, “This deal comes at a critical time. Organizations are under increasing pressure from software vendors to get compliant with software license agreements, while experiencing the financial constraints of a potential recession; Scalable Software Limited is uniquely positioned to help companies balance these forces.”
To find out more about Scalable Software Limited and its Survey Suite, please visit: www.scalable.com. Alternatively, to speak to someone directly, please call: 0844 736 5214, or email: firstname.lastname@example.org.
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About Scalable Software Limited
Scalable Software Limited is a leading innovator in asset intelligence, IT value management and infrastructure optimization. The company specializes in providing IT professionals with the necessary tools to manage software licenses throughout their entire lifecycle in an efficient and cost effective manner. Scalable Software Limited solutions are supported through a network of partners across the globe with hundreds of customers throughout North America, Europe and Asia. Since 1999, the company has helped customers manage and control expense across their IT estates, and has numerous success stories detailing millions of dollars in savings as a direct result of using Scalable Software solutions. For more information visit www.scalable.com.
For further information:
C8 Consulting Ltd for Scalable Software
+44 (0) 7894 339645/ +44 (0) 118 9001132
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