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 | | http://www.contentmanager.net/magazine/news_h12193_reddot_solutions_continues_as_midmarket_leader.html |
RedDot Solutions AG has signed an acquisition agreement with Hummingbird Ltd., provider of integrated enterprise content management (ECM) solutions, headquartered in Toronto, Canada. The RedDot Solutions executive management team remains in place under the leadership of Niels Metger. As a subsidiary of Hummingbird, RedDot will retain its strong brand and product line and will continue its strategic direction as a leading provider of ECM solutions for midmarket organizations. The combined companies will continue to invest in the development of RedDot's market leading CMS, XCMS and LiveServer product offerings.
RedDot will benefit considerably from the agreement, which extends its more than three year partnership with Hummingbird. As a subsidiary of Hummingbird, RedDot will have increased access to new customer groups and flourishing markets, including Asia and South America. Consequently, RedDot will grow its worldwide market leadership as a provider of enterprise content management solutions for midmarket organizations. Hummingbird will gain additional benefits from the strategic integration of RedDot content management technology into its scalable enterprise solutions.
"The acquisition gives RedDot increased access to new markets and customers. Together with Hummingbird, we - the entire RedDot team - will significantly improve our market leadership," explains Niels Metger, founder of RedDot Solutions AG.
"The acquisition of RedDot Solutions is a further indication of our commitment to rapidly advance our market leadership in the Enterprise Content Management market segment," said Barry Litwin, President and Chief Executive Officer of Hummingbird Ltd. "We are very pleased to have RedDot Solutions as part of the Hummingbird family. Our strong geographical presence worldwide and additional resources will help RedDot further establish itself as the unequivocal midmarket leader in ECM."
RedDot's founding investors, 3i and ViewPoint Capital, commented on the acquisition.
"RedDot caught our attention very early on as a strong and innovative content management player. In particular, its consistent expansion into the U.S. market and its first-class customer base in all sectors were clear indicators for us of sustainable competitiveness," says Christian Janson-Euterneck, Managing Partner at ViewPoint Capital Partners GmbH. "The acquisition by its long-term partner will provide a stronger position for the RedDot product portfolio."
"We were especially excited about RedDot's strong entry into the U.S. market," says Jorn Pelzer, Director of 3i and member of the former supervisory board of RedDot Solutions AG. "Founder Niels Metger and his RedDot team built and established an international ECM provider for midmarket organizations that is optimally positioned."
22.06.2005, RedDot Solutions AG
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