Acquisitions establish m-hance as a leading mid-market supplier
1 November 2011
Seven well-established UK software companies form a new supplier to the mid–market
Seven UK business software companies today announce they have unified under a new senior management team and a single brand to form a supplier dedicated to meeting the requirements of mid-sized organisations.
Calyx Software, Gyrosoft, Trinity Computer Services, and divisions of MentecPlus, Touchstone Group, Sys-Care, and Avant-Garde have been integrated through acquisition into a single entity called m-hance. The new brand will apply across all companies in the group from today and will reflect the enhanced service that m-hance will provide to its rapidly growing customer base.
This announcement follows a series of recent acquisitions that has seen m-hance grow to 150 staff serving almost 1000 direct customers across the UK and Ireland and a further 1000 through channel partners. The company operates from offices in Manchester, London, Loughborough, Dublin and Glasgow.
Mark Thompson, CEO of m-hance, comments, “The creation of m-hance allows us to go to our customers with a single, clear identity and message. The company benefits from the stability, long trading history and deep client relationships of each of the component entities. We’ve combined the strengths of seven respected specialists into one financially strong leader with an experienced management team backed-up by a solid balance sheet containing no external debt”.
The new structure allows the company to further develop its product set along vertical market specific lines. For example, in the distribution and manufacturing sectors it had been providing a best of breed industry solution including finance, CRM and other business critical functionality to more than 750 organisations for over 25 years and can now expand this model further into not-for-profit, education, financial services and hospitality and leisure, where it has a strong customer footprint.
Thompson comments “The value-added benefits m-hance brings to our customers include a wider product portfolio, access to our own secure hosting facility and increased capabilities in terms of support and services. This transition is perfectly timed as economic and legislative changes impacting our target market means they increasingly need a partner who not only understands technology but also their business”.
Thompson adds, “Our customers are very loyal and more than 50% of our revenues are recurring, this translates to strong relationships and references which we can leverage to win new business. We have already secured 10 new customers since the start of the acquisition process and many have cited the increased scale and sector specific coverage as the deciding factors in choosing m-hance. ”
Notes to Editors
*NB Images and interviews available upon request
About m-hance www.m-hance.com
m-hance Ltd is a UK based company providing innovative and functionally rich business software solutions to 2000 mid-market sized organisations including G4S, Stafford Lynch and Endsleigh Insurance. m-hance’s core solutions offering consist of financial management, CRM, managed services and software development in a variety of vertical markets including distribution, manufacturing, not-for-profit and professional services.
Formed on 1 November 2011 following the acquisitions of Calyx Software, Gyrosoft, Trinity Computer Services and elements of MentecPlus, Touchstone Group, Sys-Care and Avant-Garde, m-hance is a leading supplier of innovative business software to mid-sized organisations.
m-hance is currently supported by 150 staff and operates from offices in Manchester, London, Loughborough, Dublin and Glasgow.
Press Contact
Claire Carter
Tel: 07854 686505
Email: claire.carter@m-hance.com