M&A Deal Summary

Open Systems Adaptable Solutions Acquires Precise Software

On August 10, 2017, Open Systems Adaptable Solutions acquired software company Precise Software

Acquisition Highlights
  • This is Open Systems Adaptable Solutions’ 3rd transaction in the Software sector.
  • This is Open Systems Adaptable Solutions’ 3rd transaction in the United States.
  • This is Open Systems Adaptable Solutions’ 2nd transaction in Minnesota.

M&A Deal Summary

Date 2017-08-10
Target Precise Software
Sector Software
Buyer(s) Open Systems Adaptable Solutions
Deal Type Add-on Acquisition

Target

Precise Software

Chaska, Minnesota, United States
Precise Software, Inc. is a software development company provides comprehensive business management software for the apparel decorating industry. Precise Software is based in Chaska, Minnesota.

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Buyer(S) 1

Buyer

Open Systems Adaptable Solutions

Shakopee, Minnesota, United States

Category Company
Founded 1976
Sector Software
DESCRIPTION
Open Systems' headquarters in Shakopee, Minnesota.
Open Systems' headquarters in Shakopee, Minnesota.

Open Systems, Inc. is a provider of powerful business, accounting, CRM, ERP, and mobile software solutions for organizations in many industries, including distribution, manufacturing, and nonprofit. Open Systems was founded in 1976 and is based in Shakopee, Minnesota.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Minnesota M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-18 ProcessPro

Saint Cloud, Minnesota, United States

ProcessPro is a prominent mid-market ERP software company specializing in solutions for process manufacturing in a variety of industries.

Buy -