Access ERP, a division of The Access Group, has acquired ProspectSoft to add inventory and “stock-aware” CRM to its portfolio.
There are no financial details about the deal. The news follows Access receiving a £1 billion investment in June from its shareholders, Hg and TA Associates, to give it a valuation of £9.2 billion.
Camberley-based ProspectSoft was founded in 2000 and is financially backed by Maven Capital Partners. The tech firm creates, develops and delivers its SaaS platform, Prospect, to more than 5,000 SME users worldwide.
Access explains that it acquired Unleashed in 2020, a “key integration partner” for ProspectSoft. This latest acquisition brings together three organisations to offer customers a “broader” range of integrated ERP and business management solutions.
Brendan Flattery, Managing Director, ERP at The Access Group, comments: “ProspectSoft operates in the world of stock management, offering a highly effective CRM solution, geared toward organisations working in the B2B product supply chain.”
It seems jobs are safe as Andy Ardron, ProspectSoft Founder and CEO, adds: “I, Stuart [McLaren, Sales & Marketing], Tanya [Warnford-Davis, Finance Director] and the team are excited to be part of this next evolution and we can’t wait to join Access ERP.”
ProspectSoft has 53 employees listed on LinkedIn.
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Prospect offers an integration framework to ERP/accounting systems and native integration to back-office accounting systems and inventory management systems, including Xero, Dimensions, Exchequer, Pegasus Opera, Sage 50 and SAP.
Customers listed on ProspectSoft’s site were a range of small businesses – such as in manufacturing, vending solutions, ventilation systems and packaging.
Access is based in Loughborough and is a provider of business management software to mid-market organisations in the UK, Ireland and Asia Pacific.
It was founded in 1991. Customers named on its website include the NHS and Cineworld.
Access says it has more than 60,000 customers across commercial and not-for-profit sectors. It employs approximately 5,000 people.
In other news, Access People, a division of The Access Group, announced in June it will acquire caboodle, an independent employee benefits providers. The acquisition is subject to regulatory approval from the Financial Conduct Authority, which is expected to be completed in the coming months.
