VantagePoint Systems, a developer of business management software for the packaging industry, has completed its previously announced acquisition of UK-based software developer Avalon Printing Software.
Avalon will operate as a division of VantagePoint, focusing on penetrating the US $ 100 billion €101.5bn) folding carton and flexible packaging industries.
"The Avalon acquisition represents a strategic move for VantagePoint in several ways." said Jim Hennings, chairman and CEO at VantagePoint. "It enables us to immediately enter the huge folding carton and flexible packaging market with cutting edge software that Avalon has already developed; it provides an increased customer base and team of software professionals with extensive packaging industry expertise; and it provides us with a European presence via a UK-based software development and customer support centre."
VantagePoint develops and markets business management software designed specifically for multi-plant packaging manufacturing companies.
Avalon Printing Software Limited is a UK-based software developer whose management has over 20 years experience in the development and installation of integrated management information systems, specifically for the folding carton and flexible packaging industry. Founded in 1999, Avaloncurrently has its software operating in over 30 packaging plants.