COA Solutions Acquires HR Systems Specialist ASR Computers Ltd
Released on: April 9, 2008, 9:28 am
Press Release Author: COA Solutions
Industry: Human Resources
Press Release Summary: COA Solutions has become a major player in the UK human resources software market with acquisition of ASR (www.asr.co.uk)
Press Release Body: COA Solutions Ltd. (formerly CedarOpenAccounts), a UK provider of business and information management systems, has today announced the acquisition of UK human resource (HR) software company, ASR Computers Ltd (www.asr.co.uk). This acquisition consolidates COA Solutions' position as one of the leading UK-based human capital management (HCM) solution providers.
The acquisition of ASR, the company's ninth in the past five years, supports COA Solutions' strategy of delivering market-leading human resource software to UK service industry organisations. This deal, in conjunction with COA Solutions' previous acquisitions of HR and payroll specialists OpenPeople, Goldenhill and Strata, elevates the company to one of the leaders in the UK HCM market, which is worth an estimated £240 million.
ASR has 400 customers within both the private and public sectors and its solutions cover the complete spectrum of HR requirements including personnel, training, recruitment, succession planning, self-service and workflow. This software portfolio will add considerable breadth to COA Solutions' Smart Business Suite, which comprises finance, human resource, payroll, procurement, business intelligence and document management solutions.
Mark Thompson, COA Solutions' managing director says, "This is a very exciting acquisition that demonstrates our determination to sustain the rapid growth of COA Solutions in the UK HCM market, whilst continuing to be a force in the rapidly consolidating UK business software market. It also proves our commitment to understanding and responding to our customers' requirements."
Thompson continues, "ASR is a UK-leading HR provider with award-winning solutions, a strong reputation and a complementary focus on UK service sector organisations. This acquisition extends our product offering and provides both COA Solutions and ASR customers with even greater functionality to fulfil their business needs."
ASR will remain at its Harpenden office and will continue to operate as a separate business, supporting existing customers and partners. The terms of the deal have not been disclosed.
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Notes to Editor
If you would be interested in a phone interview with COA Solutions, please contact Liz Ebbrell on liz.ebbrell@coasolutions.com Tel: +44(0)1625 856505
About COA Solutions Ltd www.coasolutions.com
COA Solutions (formerly CedarOpenAccounts) is the UK's leading supplier of integrated business management and information systems to public, private and not-for-profit organisations in the service sector. COA Solutions prides itself on getting close to its customers by understanding their businesses and responding to their business needs.
COA Solutions' award-winning Smart Business Suite combines core financial management, procurement, human resource and payroll systems, integrated with a range of collaborative, document management and business intelligence solutions. These solutions extend the value and effectiveness of the finance, HR and payroll departments across the organisation and enable managers in the business to monitor, analyse and continually improve corporate performance.
COA Solutions has more than 450 experienced and professional staff supporting and servicing over 3,000 clients across the UK service sector including Companies House, Newcastle City Council, WHSmith, Royal Bank of Scotland, Aer Lingus, National Express Group, DFS, RSPB and Great Ormond Street Hospital for Children NHS Trust.
About ASR Computers Ltd. www.asr.co.uk
ASR Computers Ltd. was formed in 1987 to produce HR systems and satisfy the need for a mid-range, human resources software provider. The company now has over 400 customers. ASR\'s solutions cover the complete spectrum of HR requirements including personnel, training, recruitment, succession planning, e-HR and payroll. These can be used separately or combined to form a fully integrated solution.
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