Acquisition by DECIMAL of the majority of operating assets of Amadeus
Longueuil, July 9, 2008 – DECIMAL, a company specialized in corporate performance management solutions and professional services, announces today that it has concluded an asset purchase agreement for the majority of Amadeus, a division of DECIMAL. (« Amadeus ») operating assets.
Under the agreement, DECIMAL has acquired the majority of Amadeus’ tangible and intangible assets used in operating the enterprise, including software and source code of Providence®, eQRP® and eQCM®, the latter being Amadeus’ flagship enterprise compliance and quality management product. DECIMAL has also acquired the intellectual property and rights to client contracts, including the execution of maintenance contracts currently in force.
The majority of Amadeus’ employees have concluded employment contracts with DECIMAL, therefore ensuring the continued development of eQCM® and the on going market development and customer support efforts.
Through this transaction, DECIMAL also gains an operating base in Quebec City at 400, boulevard Jean-Lesage, suite 500.
« We are extremely satisfied to have completed this transaction and it is a pleasure to welcome clients and employees of Amadeus in DECIMAL » said Mr. Stephane Gaouette, executive vice-president of DECIMAL. « Amadeus’ products and team add an important aspect to our expertise, notably the performance of our clients through quality and compliance management. This aspect adds to our presence in budget planning, strategic cost management, profitability analysis, governance and business intelligence, for which DECIMAL is already recognized. Amadeus also brings forward and international presence with clients in Canada, the Unites States, Europe and North Africa. While Amadeus is synergistic with DECIMAL in the manufacturing, distribution, governmental and financial services sectors, it also brings internationally recognized expertise and presence in the life sciences industry. The Amadeus team will carry on developing and selling in these industrial sectors while bringing synergies in marketing and research and development », Mr. Gaouette concluded.
DECIMAL, a leader in corporate performance management, provides to public and private organizations consulting services and complete software solutions designed to improve their budgeting and costing processes and financial dashboards.
More information can be found on DECIMAL at www.decimal.ca
For further information :
Mr. Stéphane Gaouette
Tel: (450) 640-1222, ext. 30
Amadeus is a pioneer and leading provider of Enterprise Quality and Compliance Management software solutions. For over 14 years, customers in the Life Sciences, Manufacturing, Financial Services and other industries have automated their compliance and quality processes using Amadeus software platforms. Its flagship product, eQCM®, offers an integrated and very cost effective solution for enterprise governance, risk management, quality and compliance management.
For further information:
Phone: 450.640.1222 ext. 1075
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