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Cal Software strengthens its commitment to agribusiness.
04 June 2007
Cal Software has today announced the business acquisition of both Kinross Computer Systems Ltd and Kit Software Ltd. The newly combined businesses will now trade as Kinross Software Limited based in Perth, Scotland. The acquisition will consolidate the company's position as the UK's market leading agribusiness and commodity trading software and services supplier.

Kinross Software's identity will be maintained and the company will continue to service its customer base through its own recognised product brands, from both Scotland and England. The effective doubling in size of the customer base and the associated economies of scale leveraged through integration will bring many benefits to both customers and the business alike.

Over the last 6 years, previous owner Paterson's Quarries have invested in excess of £2m in the development of the Kit product. There has been a degree of international and domestic market success highlighting the potential, inherent within the products.

On asking Jim Richardson, Paterson's Financial Director about the decision to sell he said " We have always had a trade sale in mind as this was not our core business. We have been very committed to finding the right company to take both Kinross and Kit forward to make a deserved success of them both. We have been delighted with the level of interest shown in the companies, through recognition of our own considerable product investment and the strong client list, of which Paterson's are also a member. Our intermediary focused on evaluating the company most able to service the customer base, leverage the Microsoft technology and develop the business to deliver future growth. A review of Cal's Management strengths, its business approach and forward strategy for its target markets, put it head and shoulders above other companies interested in acquiring the business. Cal demonstrated that it has the right qualities, together with complementary products, a comprehensive understanding of the market, and a customer list to take the company to a new level. We are confident that Cal will bring the success befitting our investment in the Kit product to fruition and will support our own software and service needs as a customer for many years to come."

With a combined business backed by blue chip international agribusiness and commodity trading clients, Cal and Kinross have financial stability, security and a depth of technology. The businesses utilise both Progress and Microsoft at the heart of their core product offerings, making them the envy of many companies targeting the same industry sectors.

Commenting on the acquisition of the new company, Cal Software's Commercial Director, Keith Richards said:

"What is exciting about this announcement is that we can make a clear unambiguous statement to the industry about our commitment to its future from a business solutions perspective. The integration of these companies allow us to maintain and deliver a competitive edge to customers, have a complementary market to sell to and enable continuing investment in the products.

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