Macola Software Acquired by Netherlands Exact Software

Netherlands-based Exact Software Company has signed an agreement to acquire the US-based company Macola Technologies Inc.

Macola has a prominent market position in the middle market of Enterprise Resource Planning (ERP) solutions, based on and around manufacturing organizations in the United States. With some 250 employees and an annual revenue of approximately $28 million, Macola sets the foundations for the Exact group to increase its global presence in to the United States. "This acquisition is of strategic importance to the Exact Group. It establishes a solid platform for Exact to launch its e-Synergy products into the United States," said Eduard Hagens, CEO of Exact Software.

The acquisition will be funded with 75% cash and the remaining 25% in stock.

Macola Technology Inc. is based in Ohio. The organization focuses its core business activity in the sales, marketing, support and development of accounting, distribution and manufacturing software for medium to large enterprises. The products from Macola are branded under the name "Progression," and are based on standard technology from Microsoft and supported by MS-SQL. The sales strategy of Macola is based around a strong and loyal nationwide reseller channel across the United States, and by a number of distributors in foreign markets. Macola's client base of about 7,000 customers has proved to be highly loyal, which results in a stable recurring maintenance revenue.

Bruce Hollinger, CEO of Macola Technologies stated, "This merger will allow Macola to expand its competitive product offering with the integration of e-Synergy. Both Macola and Exact are channel focused companies that recognize the value of our Business Partners."

Read Macola's Press Release

You may like these other stories...

By Jason BramwellThe IRS on August 19 unveiled a new online registration system for financial institutions that need to register with the agency under the Foreign Account Tax Compliance Act (FATCA).Financial institutions...
By Curtis C. Verschoor, CMAThe furor over the extensive tax avoidance measures used by technology companies such as Google and Apple has reached new heights in both the United Kingdom and the United States. Government...
By Jason Bramwell Government leaders of eight of the world's largest economies pledged on June 18 to take a tougher stance on fighting tax evasion. The Group of Eight (G8) leaders, who met in Northern Ireland,...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.