FrontRange Solutions, a leader in IT software solutions, has announced it has acquired Centennial Software. Centennial, a recognised market leader in dynamic infrastructure management products, including auto-discovery, inventory management and licence management solutions, serves more than 3 200 supported customers worldwide, with an expansive market presence and more than 200 partners across the globe.
"We've seen a growing trend of service desk customers selecting ITAM tools based on their satisfaction, with the service and support from the service desk vendor, and on the functionality of the service desk product, with an eye toward the potential benefits to be derived from a suite-based solution,"(1) said Patricia Adams, Gartner Research director. "Having an accurate idea of what hardware and software is installed in the environment is a necessity to being able to manage it. Essentially, if you don't know what is installed, then it is impossible to keep track of or manage it." (2)
FrontRange Solutions, with demonstrable revenue growth of over 35% over the prior fiscal year, will utilise Centennial to strengthen its portfolio of products by adding its award-winning discovery, asset management, licence management and end-point security products.
"FrontRange and Centennial both offer industry-leading, best-of-breed products and solutions. By combining our complementary products and technologies, we will be able to provide the most comprehensive, end-to-end IT solutions in the market today, while delivering unparalleled value to our customers. With our more than 10 000 IT customers, over 400 partners and market-leading portfolio of products, we are excited about beginning our new fiscal year, with the addition of Centennial to our strategy. I'm confident FrontRange customers and partners will see this as a natural evolution of our product and company strategy," said Michael McCloskey, CEO of FrontRange Solutions.
McCloskey continued: "Combined with such obvious synergies in our go-to-market strategies, customer base, geographic presence, and solution focus, the acquisition is entirely logical and provides an ideal outcome for both companies. This acquisition is a reflection of our commitment to global markets, and will further strengthen our international revenue, which already approach half of our total revenue today."
"This acquisition is good news to our customer base, as they will have access to technology that will complement what they already have from FrontRange, making their businesses even more competitive," says Paul Bornhutter, product manager for Africa at FrontRange Solutions.
Andy Burton, CEO of Centennial Software, commented: "By joining forces with FrontRange, our customers and partners will be able to realise additional value from their existing investments by accessing a wider portfolio of market-leading solutions designed to help them manage IT operations more effectively. Having the support of the wider FrontRange organisation will also help Centennial build on its strong performance in the UK and European regions by accelerating its growth in key markets such as North America and APAC."
With greater regulation, best practice standards and the economic downturn driving the need for greater control of IT assets and operations than ever before, Centennial Software's solutions are designed to help customers achieve reductions in cost, complexity and risk. Centennial flagship brands include Centennial Discovery, Centennial License Manager and Centennial DeviceWall. Centennial Software sells its products primarily through a global network of reseller and OEM partners, including managed service providers. "Software Asset Management (SAM) and IT governance initiatives are taking more CIO and IT manager time," said Fred Broussard, research director, Enterprise System Infrastructure Software, for IDC. "Solutions such as FrontRange's, augmented with asset discovery and licence management capabilities into its core portfolio, can help IT organisations address this critical function."
FrontRange Solutions has acquired Centennial Software through a share purchase of the entire issued stock. As both parties are privately owned, no financial information will be disclosed.
1. Patricia Adams, Gartner Group, ITAM Repository Marketscope 2008, published April 21, 2008.
2. Patricia Adams, Gartner Group, "What You Need to Know About Inventory tools for IT asset Management", published January 18, 2008.
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Centennial Software (www.centennial-software.com) is a leading developer of asset management and network security solutions, with more than six million licences sold to blue-chip organisations around the world. Centennial's growing portfolio of solutions helps organisations better manage their IT infrastructure, maintain compliance and minimise operational risks. Centennial products are available through a global network of approved resellers and market-leading OEM vendors. The company operates offices in the USA, UK, Germany, Sweden and Australia.
FrontRange Solutions
FrontRange Solutions develops award-winning software and solutions used by more than 130 000 companies and over 1.2 million users worldwide to manage a wide variety of business relationships and provide exceptional service. FrontRange product families, designed specifically for small-to-medium-enterprise (SME) and distributed enterprise organisations include: GoldMine for business relationship management, team-based contact management and sales force automation solutions; IT Service Management with Heat and ITIL standards-based modules for complete service management; Communication Management, including IP Contact Centre for reduced telephony costs and increased agent productivity, streamlined customer service and communications; and Infrastructure Management, which provides the ability to optimise the full life cycle of a company's assets. Customers representing 44% of the Fortune 100 and 76% of the FTSE 100, include Coca-Cola, Shell Oil, Prudential Securities, 'Electricit'e de France, Mack Trucks, Campbell Soup, Avaya, Bechtel Corp, Bank of America, and Turner News Network. South African companies include National Treasury, Barloworld, British American Tobacco (SA), Nissan, Coris Capital, Daimler-Chrysler, Datacentrix, De Beers, Financial Services Board, Johannesburg Water, Standard Bank, Volkswagen SA, Department of Land Affairs, Department of Mineral and Energy, First National Bank and ABSA Direct.
FrontRange has earned several major industry awards, including: CRM Magazine "2004 CRM Market Leaders" Awards, Software Magazine "Hot 500," Windows Magazine "Win 100," Call Center CRM Solutions Magazine Editor's Choice, RealWare Award for CRM, Best of Breed, WinMag.com WinList Award, Entrepreneur Magazine Best Software, Call Center Solutions Product of the Year, Technology Marketing Corporation's Innovation Award and InformationWeek Top 50 Application Service Providers.
GoldMine, Heat and other FrontRange Solutions products, brands and trademarks are property of FrontRange Solutions USA Inc. and/or its affiliates in the United States and/or other countries. Other products, brands and trademarks are property of their respective owners/companies.