TECSYS Inc., Montreal, (TSX: TCS), supply chain management software company, has acquired Streamline Information Systems Limited, a Brantford, Ontario-based software supplier in the industrial distribution sector, for CDN$1.4 million.
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Streamline is a provider of enterprise software applications for the SMB industrial distribution sector. The company has clients in Canada and the U.S. The Company’s product line, Visual Streamline, is a full suite of software such as Sales Order Management, Inventory Management and Financial applications. Its customers are primarily wholesalers spanning multiple industry segments in Canada and the U.S. For fiscal year ended Aug. 31, 2007, Streamline’s revenue was CDN$ 2.9 million.
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We made the decision over a year ago to become tightly focused on specific profitable vertical markets within the supply chain execution space. Streamline fits right into this, with an excellent solution and unique expertise for industrial distributors in Canada and the U.S. that will strengthen our major push into this sector,” said Peter Brereton, president & CEO of TECSYS Inc.