Product category:
PLM and collaboration software
News Release from: SoftBrands Manufacturing
Edited by the Engineeringtalk Editorial
Team on 05 March 2001
Fourth Shift Corporation acquired by
Aremissoft
Fourth Shift Corporation is to be acquired by AremisSoft Corporation, a supplier of enterprise-wide software and Internet-enabled solutions for manufacturing and other industries
Fourth Shift Corporation has announced a definitive agreement to be acquired by AremisSoft Corporation a leading international supplier of enterprise-wide software and Internet-enabled solutions for the manufacturing, hospitality, healthcare and construction industries "Market consolidation is underway and we believe this combination puts Fourth Shift and AremisSoft on the leading edge of this trend", said M.M.Stuckey, Chairman and CEO of Fourth Shift
This article was originally published on Engineeringtalk on 12 Dec 2003 at 8.00am (UK)
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"Joining forces with AremisSoft is the right strategy for Fourth Shift's employees and customers, and it provides our shareholders liquidity at a significant premium to our current market price.
"AremisSoft plans to combine its UK based manufacturing software operations with Fourth Shift and expand its resource commitment to supporting global ERP systems and new e-business applications.
"This will make AremisSoft a dominant player in the global, mid-market Manufacturing space", observed Stuckey.
Randy Tofteland, Fourth Shift's current Chief Operating Officer, will head the new combined manufacturing organization.
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