Product category:
Management and Administration Software and Systems
News Release from: Miles 33
Edited by the Printingtalk Editorial
Team on 04 April 2008
Publishing Systems Company Buys German
Business
Miles 33 has acquired Net-Linx Publishing Solutions from its current parent, Net-Linx of Dresden (Germany).
No cost has been announced for the deal, which follows Miles 33 buying Datamatix, the owner of self-service products, such as Property and Motors Wizard Miles 33 said that the Net-Linx Publishing deal is another demonstration of its strategy to consolidate it as a publishing systems supplier
This article was originally published on Printingtalk on 6 Apr 2004 at 8.00am (UK)
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The acquisition is said to provide Miles 33 with an expanded customer base and established support infrastructure for its increasing newspaper business, along with new market opportunities in areas beyond its established bases in the UK and North America.
Sacramento, California (USA) Net-Linx Publishing Solutions (NXPS) is a provider of editorial and advertising software to the global newspaper market with customers throughout Europe, Asia-Pacific, the Middle East, the USA and Brazil.
Ken Anderson, President of NXPS, who will remain with the company, said: "The industry is undergoing extreme changes and needs systems that not only manage all aspects of their online and print revenues, but can streamline workflow, too.
Those systems must be extremely cost-effective, adaptable and backed by reliable service and support.
By joining forces with Miles 33, we can build upon the strengths of both companies, added financial systems from Miles 33 and the excellent support capabilities of NXPS.
We become a larger company, with more economies of scale and are better positioned to support our publishing customers".
Michael Moore, the chief executive officer of Miles 33, commented: "I am pleased to have secured this strategically important acquisition.
We found that our companies' operations complemented each other and we hope to be able to better serve NXPS's customers with our product range.
Together, as a new and enlarged company we can provide an even higher level of support to our combined customers and pool our development resources to further strengthen our innovative product lines.
The acquisition is the second in as many months and is further evidence of the new strategy within Miles 33 to accelerate growth through acquisition." Last June private equity firm European Capital, the European affiliate of American Capital, bought 60 per cent of Miles 33 for USD112 million.
The Miles 33 senior management team also invested in the company and holds the remaining 40 per cent of the business.
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