News ARCHIVES

January 30, 2007
Explorer Software Buys RedSky IT

London, UK � January 30, 2007 � Explorer Software today announced the acquisition of RedSky IT a leading solutions provider with over 30 years of experience. RedSky IT is one of the UK's principal IT application software companies. www.redskyit.com

Explorer Software will retain the financial and operational management software for Construction, Contracting and Professional Services organizations.

RedSky Construction Services is the largest financial software provider to the construction industry supply chain in the UK. RedSky offers focused construction software solutions to each part of the supply chain. RedSky IT products help manage every process of a construction project from designing it to building it to maintaining it. RedSky IT supports in excess of 1,500 organizations' business critical construction software systems.

In a simultaneous transaction Explorer Software announced the sale of the Hospitality, Retail and Travel businesses of RedSky IT to MICROS Systems, Inc. MICROS provides enterprise applications for the hospitality and retail industries worldwide. For more information on MICROS-Fidelio and its advanced information technology solutions log on to http://www.micros.com

"This newest acquisition reinforces Explorer Software's position as a growing powerhouse for construction accounting software solutions," said Explorer Software's President and CEO, Jim McFarlane. "By combining our existing technologies with additional products and a growing customer base, we are solidifying our commitment to growth and stability for many years to come."

Over the last three years, Explorer Software has developed a proven strategy for integrating acquired companies, software solutions and customer bases into its existing infrastructure. This strategy includes good communication, customer support that exceeds expectations and tactics to put its new clients at ease.

One way that Explorer Software will smooth the transition of resources is to bring RedSky staff onto the Explorer Software team, a strategy that has been very effective during Explorer's previous acquisitions. "This will provide a certain level of comfort for our new clients because they will immediately receive knowledgeable and friendly customer service from the same support staff they have been working with at RedSky IT," said McFarlane.

Explorer's technology leadership in the field of construction accounting software will provide RedSky IT users with product and customer service options that no comparable software provider can deliver. With its combined construction management solutions, Explorer Software can provide industry-specific software, Web applications and remote data entry capabilities to heavy highway contractors, general contractors, specialty contractors, home builders, sub-trades, designers and engineers.

"With more than 20 years of in-depth industry knowledge, it's easy to see why construction companies turn to Explorer Software for their accounting and project management needs," said McFarlane. "Explorer's construction-specific software solutions are designed to help contractors work effectively as a team and to complete projects on time and within budget."

About Explorer Software:

Explorer Total Construction Management Systems Corp, a software unit of Explorer Group.

Explorer Group is focused on enterprise software, business services, mobile information and Internet applications for construction companies. Explorer offers a broad range of software solutions for small, mid-sized and large enterprises.

Explorer is a leading provider of construction accounting applications to help contractors create superior companies. Explorer's construction accounting solutions offer rich functionality, a highly flexible application platform, a full application suite and best-in-class customization abilities - all with a low total cost of ownership. Explorer delivers software and services that are designed to produce meaningful increases in revenues and margins to contractors. More than 1,000 companies on four continents have licensed Explorer solutions.

Explorer's complete construction accounting software suite includes a powerful application platform and additional capabilities in analytics, mobile information, and field data capture.