Valsoft Corporation Inc., a company that specializes in development and acquisition of businesses working on vertical market software, reportedly announced that it acquired Communications Software Limited, (Commsoft OASES), a Tiptree, UK based leader in the field of aviation maintenance and engineering software market.
Communications Software Limited, established 1971 as a software house, obtained its first airline contract in year 1975 with UKs industry pioneer Laker Airways, which further led to the launch of OASES (Open Aviation Strategic Engineering System) predecessor the year following.
After the company’s first association with airline sector over 40 years ago, Communications Software has been greatly the company’s MRO IT system continually. The system, now dubbed OASES, is a procedure that is shaped in big part by its client feedbacks.
James Stock, Gary Pollak, Nick Godwin and David Pusey are very proud of the organization they have built alongside their employees. They are optimistic about the future of company.
Gary Pollak stated that In Valsoft, the company has found an entrepreneurial team and a cultural fit, that the company confidently believes, would help Commsoft continue to evolve and grow. Pollak further added that the company is confident that its customers are in able hands and are profiting from a team of passionate and dedicated aviation professionals and the support of a large software organization.
The directors of Commsoft will stay involved for ensuring a smooth transition with Nick Godwin continuing to lead the enterprise as the Managing Director. The company will keep on developing and supporting OASES, and all other services and products, providing a strong software solution to consumers.
Financial terms pertaining to the proposed acquisition deal were not disclosed by Valsoft Corporation.
Kaizen AI, a prominent technology firm that uses AI to revolutionize large-scale building projects, is entering the lucrative GCC real estate sector, where the value of planned and under-construction projects is projec...
Microsoft Corp. and Oracle Corp. have reportedly announced the availability of Oracle Database@Azure, which provides direct access to the Oracle database services operating on Oracle Cloud Infrastructure ...
Indian billionaire Mukesh Ambani-owned Reliance Industries Ltd. has reportedly announced a partnership with U.S.-based chipmaker NVIDIA for advancing AI in India.
Apparently, Indi...
© 2024 Algos Online. All Rights Reserved.