Software developer Kerridge Commercial Systems (KCS) has acquired component cataloguing firm Mam Software Group. Terms of the deal are a straightforward cash acquisition, with a reported $154.2m (approx £123m) being paid for the firm.
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“This all-cash transaction provides MAM Software’s stockholders with a premium over the pre-announcement market price of their shares, and we believe it will allow our team to increase our focus on long-term success that will benefit customers, employees and partners. Together with KCS, we can offer a broader portfolio of solutions to our customers globally,” said Mike Jamieson, MAM Software CEO.
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“We have long believed that a partnership between MAM Software and KCS would create a range of significant strategic opportunities,” said Ian Bendelow, CEO of Kerridge Commercial Systems. “MAM has significant traction in the automotive aftermarket sector that augments our solution offering, and this combination also will expand our U.S. market presence.
I have worked in the aftermarket for around 20 years using MAM. Always thought it was full of flaws with constant down time & crashes. Now, having moved to a main franchise dealer, I’m using Kerridge and must say it’s a FAR superior system. I hope positives will come from this buy out and MAM won’t drag Kerridge down. Let’s hope MAM will improve instead. Fingers crossed for everyone that’s still using MAM, you don’t know what you’re missing 😉
I this the very same MAM software that has experienced a Nationwide crash today ?
Good purchase !