| 2ndWave Software acquires Amcom
The recently formed 2ndWave Software, led by former HighJump Software executives Chris Heim and Dan Mayleben, chose Amcom as their first acquisition based on the company's reputation in the markets it serves, a solid technology platform and a prestigious client roster. Founded nearly 25 years ago by Jack Collins, Amcom has over 400 customers including Duke University, Stanford Medical Center, Cleveland Clinic, New York Presbyterian, Cedars-Sinai Health System, Intel Corporation and the US Army. Amcom's software solutions are used to automate mission critical communications and improve enterprise-wide communications. Following the planned retirement of Amcom CEO and founder, Jack Collins, Heim will take on the role of CEO and Mayleben will be appointed CFO of Amcom. The company will retain its name, company headquarters, management team and employee base. 2ndWave Software was formed to address the ‘new reality of slower yet, steady growth in many business-to-business software markets’. Despite niche market leadership, many well-run small and mid-sized enterprise software companies have been unable to attract outside acquirers or exit via a public offering. To address this need, 2ndWave Software will seek to acquire quality companies, help management teams improve their business operations, and potentially combine them with other complimentary businesses. "2ndWave Software is an ideal fit for Amcom at a time when we need to focus on operational growth and business development. Amcom and 2ndWave share similar core values and goals and now we have the leadership and funding we need to continue to grow our customer base and improve and expand our solution portfolio. With Chris and Dan at the helm, we are all very excited about the future of Amcom," said Jack Collins, founder of Amcom Software. "2ndWave is very focused and committed to the future success of Amcom," said Dan Mayleben, chief financial and chief operating officer, 2ndWave Software. "We intend to make Amcom the leader in its software category while bringing additional product ands service offerings into their core verticals to support customer demand for better enterprise communications." www.amcomsoftware.com
•Date: 13th March 2007 • Region: US/World •Type: Article •Topic: BC markets
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