07 June 2001 | Robin Parker
Software group AremisSoft has expanded its enterprise resource planning (ERP) software range with its acquisition of e-business solutions provider Fourth Shift.
The acquisition, which sees Fourth Shift renamed as AremisSoft Manufacturing, combines the US companies' manufacturing software operations and gives the parent group two separate ERP products, Fourth Shift and Evolution.
Fourth Shift, which will gain an improved infrastructure and greater resources, is a network of more than 50 integrated software applications for supply chain management, with around 3,700 customer sites in 60 countries. Its users include Unilever and Kodak.
Michael Knight, Fourth Shift Europe's managing director, said the deal was a natural step up for the company. "It puts us in a strong financial position and will make developing the product and support systems much easier, with improvements in speed and quality."
Suppliers' daily dealings with the company are unlikely to change and there is, as yet, no fixed development strategy. "But we hope to take the platform to the next level soon," he said. "This is likely to include product configuration and active involvement with trading exchanges to gain a competitive edge in third-tier companies."
AremisSoft is valued at more than £500 million. The new division created by the acquisition will be run in the US by Randy Tofteland, who held the position of chief operating officer at Fourth Shift.