Montreal, Canada – 10th September 2019 Valsoft Corporation
Inc. (“Valsoft”), a Montreal-based company specializing in
the acquisition and development of vertical market software
businesses, is pleased to announce the acquisition of
Communications Software (Airline Systems) Limited (Commsoft
OASES ), a leader in the aviation engineering and maintenance
software market, based in Tiptree, UK.
Founded as a software house in 1971, Communications Software
(Airline Systems) Limited won its first airline contract in
1975 with industry innovator Laker Airways in the UK,
leading to the launch of the predecessor to OASES (Open
Aviation Strategic Engineering System) the following year.
Since its first association with the airline industry over
40 years ago, Commsoft has been continually developing its
MRO IT system, now called OASES - a process that has been
shaped in large part by feedback from its clients.
Gary Pollak, James Stock, David Pusey and Nick Godwin are
extremely proud of the company they, along with their
employees, have built and are optimistic about the company’s
future.
“In Valsoft, we have found a cultural fit and an
entrepreneurial team that we confidently believe will be
able to help Commsoft continue to grow and evolve. We are
confident our customers are in good hands, benefiting from a
team of dedicated, passionate aviation professionals, and
the backing of a larger software organization”,
said
Gary
Pollak.
The directors will remain involved to ensure a smooth
transition, while Nick Godwin, will continue to lead the
company as Managing Director. The company will continue to
develop and support OASES, as well as all other products and
services, providing a robust software solution to customers.
“This acquisition is a milestone in Valsoft’s growth. We are
entering a new and exciting vertical, with a business that
has a long history of providing high-quality
mission-critical solutions. We plan to invest tens of
millions in the aviation software space through additional
acquisitions and the development of complementary
technologies. As such, this will further build on Commsoft’s
reputation of customer success. We welcome the Commsoft team,
clients and partners to our family and look forward to years
of prosperous growth”.
said Stephane Manos ,
Head of M&A and Co-Founder of Valsoft.
“We will do our utmost to ensure that
the directors’ legacy thrives and that customers continue to
benefit from world class products and support”.
About Commsoft:
Communications Software's OASES (Open Aviation Strategic
Engineering System) is amongst the most successful aviation
engineering and maintenance systems in the world. With over
130 aviation customers supported in over 55 countries and 6
continents, including national carriers, 3rd party
maintainers, regional carriers, leasing companies, cargo
specialists, charter operators and specialist rotable
stockists, based in the USA, Europe, The Middle East, Asia,
Africa and Australasia, we have a very broad experience of
all areas of aviation maintenance support.
https://commsoft.aero
About Valsoft Corporation:
Valsoft Corporation acquires and develops vertical market
software companies, enabling each business to deliver the
best mission-critical solutions for customers in their
respective industry or niche. A key tenet of Valsoft’s
philosophy is to invest in well-established businesses and
foster an entrepreneurial environment that molds a company
into a leader in its respective industry. On average,
companies acquired by Valsoft have experienced growth north
of 25% in the 18 months post-acquisition, all the while
benefitting from a steady improvement of customer
satisfaction (as measured by the Net Promoter Score). Unlike
Private Equity and VC firms, Valsoft does not have a
pre-defined investment horizon and looks to buy, hold and
create value through long-term partnerships with existing
management..
Valsoft Corporation was represented internally by David
Felicissimo, General Counsel & Aude Florin, Legal Counsel,
and by Russel Shear and Christophe Robert of Edwin Coe LLP.
HSKS Greenhalgh acted as the exclusive corporate finance
advisor to the selling shareholders of Commsoft OASES on
this transaction. The selling shareholders of Commsoft OASES
were represented by Martyn Brierly and William Bowler of
Flint Bishop LLP.
For more information on the companies please visit
https://commsoft.aero and
https://www.valsoftcorp.com/