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TOWER Software Acquires Web Content Management Technology
TOWER Software has continued its aggressive expansion into the global Enterprise Content Management (ECM) market, with the acquisition of Web Content Management (WCM) technologies from Rapid Web Solutions. This next generation technology developed on Microsoft’s .NET platform, provides TOWER Software with WCM that will shorten web site development times, facilitate the addition of content on web sites and provide a high return on investment for a low cost of ownership.
"To satisfy our expansion plans we knew we’d have to increase our ownership of ECM technologies. We researched available WCM solutions around the world and selected Rapid Web Publisher. It is an excellent fit for our customers and our ECM solution, TRIM Context 6," said Martin Harwood, CEO TOWER Software.
"In terms of functionality, sophistication, delivery and reduced project risk, TRIM Context 6 will meet new market demands and bring to our customers a solution, support, service and quality they have come to expect from us. Our ECM solution will match or exceed any other ECM offering available around the world."
TOWER Software expects strong demand from organizations seeking a WCM solution or a broader ECM solution suite with fully integrated WCM functionality.
"I am confident that the majority of our existing customers will adopt our new WCM as part of their ECM solution. I expect our revenues to increase by 30-35% in 2006 which is about 3 times the growth expected in the ECM marketplace according to leading Industry analyst Forrester," continued Harwood.
Rapid Web Solutions will refocus its business from software development to service delivery, and will join TOWER Software’s Partner Program to deliver its ECM implementation services to the world next year.
"I welcome Rapid Web Solutions as a new partner. Their knowledge of the WCM market combined with their understanding of the need to manage information will prove invaluable to TOWER Software and our customers," said Harwood.
"This transaction is very positive for our company and our customers," said Nick Nicolaou, CEO of Rapid Web Solutions. "The ECM and Web Content Management markets are merging, hence the need for us to be aligned with a top global ECM company is paramount to success. This new partnership with TOWER Software will contribute to our customers’ success through continued support and new opportunities to improve the management and delivery of information." 20.01.2006, TOWER Software
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