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12 September 2016Press Releases
Thames Valley and South Coast accountants and business advisers, James Cowper Kreston are pleased to announce their involvement in Point-of-Rental Software Inc’s (‘Point-of-Rental’ or ‘The Acquirer’) acquisition of Higher Concept Software Limited (‘Higher Concept’ or ‘the Target’). The Corporate Finance team provided financial due diligence and lead advisory services to the acquirer.
Established in 1998, based in Reading, Higher Concept Software is a software developer offering the Syrinx hire, sales and asset management system used in the rental and asset management industry and have installed their systems in over 2,000 locations worldwide.
Located in Texas USA, Point-of-Rental develops and sells award-winning Microsoft server based, cloud based and custom rental and inventory management software to more than 2,700 locations worldwide. The acquisition will bring Point-of-Rental’s cloud-based software and ERP solution to the European market alongside Higher Concepts Solutions Syrinx, enhancing software capabilities for businesses.
Wayne Harris, President and CEO of Point-of-Rental commented: ”We would like to thank the Corporate Finance team at James Cowper Kreston for providing financial due diligence and lead advisory services on the acquisition of Higher Concept. We are excited about bringing the two companies together and expanding Point-of-Rental’s presence in the hire management industry across the European market”.
Stuart Williams, Corporate Finance Director at James Cowper Kreston added: “We are delighted to have advised Point-of-Rental on this acquisition. Higher Concept Software provides Points-of-Rental with an exciting opportunity to develop capabilities and offerings in the European market. We wish them every success in the future”.
For more information on our award winning range of corporate finance services, please call Nick Rogers on +44 (0)118 9590261.