Colorado Springs, CO — May 16, 2003 — NxTrend Technology, a solution provider in the distribution space, has acquired Dimasys Software, a privately held provider of wholesale distribution solutions, in a move that NxTrend said would allow it to target new vertical markets.
A 24-year-old company, NxTrend offers solutions that distributors use for inventory management, order processing, sales and customer service and warehouse logistics. Dimasys, founded in 1992, offers distribution software for warehouse management, inventory control and supply chain management.
NxTrend President and CEO Michael Cornell said the acquisition would allow NxTrend to target a wider segment of the distribution market, particularly among the smaller distributors that made up the bulk of Dimasys customer base.
"We now have a broader product offering that can appeal to both small and large distributors in many new verticals NxTrend has not historically pursued," Cornell said. "On the whole, Dimasys' customers are smaller distributors, and we plan to work with them to further their penetration into that market segment."
Cornell said that NxTrend and Dimasys solutions cover a range of technologies, including PROGRESS, Microsoft SQL Server, UNIX and Java, which will allow the provider to offer software that can satisfy a broad base of potential customers' technology preferences. "We understand that distributors have a variety of technology options in the market," Cornell said. "Both product lines offer open platforms and architectures to meet current market demands."
Ross Elliott, vice president of operations for NxTrend, said that in addition to the new markets Dimasys will bring to its new owner, NxTrend solutions will also bring new options to Dimasys users.
"We have many products that will immediately benefit Dimasys users, including our [customer relationship management] package CORrelation and our e-business and connectivity suite bizLinx," Elliott said. "Because of the openness of both platforms, we expect many future developments will benefit both products and both user bases."
Dimasys will continue support and development of their Enspire product line and will operate as a division of NxTrend, according to NxTrend. Gary Simon, the founder of Dimasys, will remain as president of the division, reporting to Cornell.
