Paragon Software Systems acquired by Aptean
Enterprise software solutions provider Aptean has acquired UK-based Paragon Software Systems for an undisclosed amount.
Paragon provides fleets with routing, logistics, scheduling and home delivery solutions and its acquisition will help Aptean expand its position in supply chain solutions at time of fast-growing e-commerce sales, which is in turn requiring companies to transform their delivery models; both of which have led to growth for Paragon in recent years.
TVN Reddy, CEO of Aptean, said the acquisition formed part of the firm’s ongoing work to expand its solution offerings and footprint globally.
He added: “We see numerous growth opportunities given Paragon’s strengths in route optimising and home delivery capabilities. This acquisition progresses our company’s strategy of delivering world-class solutions designed to assist our customers in effectively running their business from the production floor to delivery to the end user.”
The acquisition will also provide Paragon with opportunities to drive its product range. Managing director William Salter said: “In joining the Aptean family, we are excited by the opportunity to accelerate innovation, advance product development, expand geographically and tap into its best practice frameworks. We see this as a unique opportunity to more rapidly advance our success whilst also building increased value for our customers and growth opportunities for our employees.”