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ConnectWise Acquires ConnexIT - Acquisition significantly extends market share of leading SaaS application provider
ConnectWise Acquires ConnexIT

 

PRZOOM - /newswire/ - Tampa, FL, United States, 2009/09/15 - Acquisition significantly extends market share of leading SaaS application provider.

   
 
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ConnectWise, the leading SaaS provider of professional service automation (PSA) applications, today announced it has acquired the PSA assets of CoreConnex Inc., a provider of business intelligence and systems to VARs, MSPs and IT service companies. ConnectWise increases its user base and adds even more functionality to its impressive product line consisting of sales force automation, scheduling, service management, invoicing and reporting tools.

In the competitive category of Professional Service Automation (PSA), both ConnectWise and CoreConnex have earned awards and customer loyalty. ConnectWise, founded in 1982, has more than 30,000 customers worldwide and is the well-established leader in its market. CoreConnex was established in 2005 and partners with numerous MSP and CRM providers that deliver business platforms using a cloud/SaaS model.

“Despite the most challenging economic times in recent memory, ConnectWise has grown exponentially in the past few quarters. Acquisitions that add to our market share, community, knowledge and support network make good business sense for us at this time,” said Arnie Bellini, ConnectWise CEO. “CoreConnex offers technology, business and human resources that will bring value to ConnectWise users and their bottom lines and we will continue to investigate other potential acquisitions, including companies like AutoTask.”

“The trend in our industry is toward greater consolidation, interoperability and cooperation, and ConnectWise has recognized this and leveraged its position as the recognized dominant player,” said Frank Coker, president and CEO of CoreConnex. “We look forward to the next steps in this agreement and to the future development of complementary technologies that serve our combined customer base.”

Terms of the acquisition were not disclosed.

About ConnectWise

ConnectWise (connectwise.com) is the leading SaaS provider of professional service automation (PSA) applications designed exclusively for technology consultants, integrators and developers. More than 30,000 IT solution providers rely on ConnectWise to more efficiently integrate key business operations across their enterprises, from business development and project management to client services and billing. ConnectWise technology enables IT companies to drive greater accountability, operational efficiency, profitability, and tighter systems integration.

 
 
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ConnectWise Acquires ConnexIT

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ConnectWise Press |
Contact: Press Office - ConnectWise.com 
813-463-4760 sales[.]connectwise.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ConnectWise securities in any jurisdiction including any other companies listed or named in this release.

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