Embrace Software Inc. Acquires Infospeed Ltd.
No Comments Posted on 10/05/19 in Category News
| We are delighted to share with you the news that Infospeed Ltd has been bought by Embrace Software Inc., a Canada-based acquirer and operatorof niche software. Over the last few months the Directors Carol, Graham and Gary have been working with Mohan Plakkot, CEO of Embrace, to agree a deal and ensure that Class finds a new owner that respects our product and our continued desire to build excellent software and support our customers moving forward. Having previously worked as Chief Strategist for Valsoft Corp, a software acquisition company based in Montreal, this is Mohan’s first acquisition in a new venture and we firmly believe we have found an excellent home for Infospeed in Embrace. Mohan brings a wealth of experience buying software companies and growing them, and has a background in developing software himself. His experience will also ensure increased speed, efficiency and stability in our development of Class. This is experience fromwhich we are already benefitting. Embrace will operate a decentralised model – training and establishing best practice within their companies so you will continue to work with the same team and will see benefits in the speed and efficiency of our operation as we move into this exciting new phase for Infospeed Ltd. If you have any questions please don’t hesitate to ask. Below is the official press release. We look forward to our continued partnership with our customers and wish you well for the coming busy season. Gary Bulgin Director Infospeed Ltd. Press Release: Embrace Software Acquires Infospeed Limited. May 6th, 2019 – Embrace Software (“Embrace”), a Montreal based company focused in the acquisition and operation of niche software, has acquired Infospeed Limited (“Infospeed”), a provider of enterprise software solutions specialised for the language school industry. Class (Infospeed’s flagship product), is a cloud–based, comprehensive administration and booking system that manages all the business needs of schools. Since 1989, Class language school software has been the most popular system worldwide, with many of their customers having been with them for decades. “After a wonderful journey of 30 years, my business partner Graham Hacker and I had reached a point where we began thinking about passing our company on to the right partner. In Embrace we found a partner who not only valued our customers and staff, but also brought a vision to enhance our products and grow our company into the future” said Carol Davies, Co-founder of Infospeed. “Infospeed has a strong team that takes pride in serving our customers. With Embrace bringing deep knowledge in software operations, the team is now looking forward to enhancing internal operations and accelerating into the next phase of growth” said Gary Bulgin, Director at Infospeed. Carol will work closely in an advisory role with Embrace to enable a smooth transition that is important with a change in ownership. Gary will continue to lead operations at Infospeed, with a goal to rapid grow the business and develop relevant technology solutions catering to the needs of Infospeed’s customers. “The team at Infospeed has built a software that is loved by their customers and has stood the test of time. Embrace hopes to build on that legacy by bringing enterprise software best practices that will enable Gary and his team to accelerate their plans. We are very happy to have acquired a leader who has built an excellent reputation over the last 30 years,” said Mohan Plakkot, CEO of Embrace. About Infospeed Limited. Infospeed provides administration software system for language schools,training centres, academies, colleges and companies that support the international education industry. Class, created by Infospeed, is a cloud–based, comprehensive administration and booking system that manages all of your business needs. Class is the most popular software system used by language schools worldwide. About Embrace Software Inc. Embrace acquires and operates niche software that provides industry specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their business further. Embrace is located in Montreal, Quebec, Canada. For further information, contact: Gary Bulgin ([email protected]) |