2020 and Promob to Merge Business Operations

Leading providers of software and content for interior space planning combine to expand global footprint

WESTWOOD, MA, July 9, 2018 /PRNewswire/ - 2020 announced today the planned merger of its business operations with Promob Software Solutions (Promob). The combination of these two industry-leading software providers will bring more robust solutions to existing and prospective customers, along with newly developed opportunities across the globe. The Promob business, headquartered in Caxias do Sul, Brazil, will continue to operate under the Promob brand. Terms of the transaction were not disclosed.

2020 is the only global provider of applications, solutions and content for interior space planning, omni-channel retail and furniture manufacturing, delivering an end-to-end solution that offers a compelling alternative to ad hoc integration of multiple source component products.

Promob leads the market in Latin America with interior space planning applications, solutions and content tailored for designers, architects, retailers and manufacturers. Promob operates and has offices in multiple countries including Argentina, Colombia, Peru, Mexico, South Africa and Spain and more than 80,000 users of their software.

"We are excited to welcome Promob into our company," said Mark Stoever, CEO, 2020. "The addition of Promob is a perfect complement to the consistent organic growth we have delivered over the past few years. With our combined product portfolio, technology and talent, we can accelerate our joint strategy to provide innovative solutions that designers, dealers, retailer and manufacturers rely on to create amazing spaces for home and work. 2020 and Promob have a shared vision to enable an omni-channel approach for retailers and an end-to-end solution for manufacturers. In our combined organization we have the DNA to make this vision a reality."

The combination of 2020 and Promob represents a significant expansion of the company's global leadership and includes tens of thousands of local, independent kitchen and bathroom dealers as well as many of the world's largest home improvement retailers and manufacturers. The combined team of more than 850 employees will provide global support to multinational customers located across the world.

"We are very proud of the team and business we have built over the years," said Edson Witt, CEO, Promob. "We have worked diligently to develop software technology and products which deliver real value to our customers and which are specifically suited to their needs. In getting to know the 2020 team, it is clear that both of our companies share a customer-first focus, and I am convinced that the creativity and knowledge of the joint team will bring even greater benefits to our combined customer community."

About 2020
2020 helps professional designers, retailers and manufacturers in the interior design and furniture industries capture ideas, inspire innovation and streamline processes. By providing end-to-end solutions and the world's largest collection of manufacturers' catalogs, 2020 provides businesses with the software and content to be more efficient, integrated and productive. 2020 applications allow professional designers to create kitchens, bathrooms, closets and commercial offices which look as stunning on the screen as they do in reality. 2020 helps retailers to inspire the imagination of their customers and provide an on-line design and shopping experience for home projects. Our solutions for furniture and cabinet manufacturers deliver a complete manufacturing operations management capability to run their factories at maximum efficiency.

Founded in 1987 and headquartered in Laval, Quebec, 2020 employs over 500 people, has direct operations in 11 countries, and supports customers in many more locations around the world through a network of value added resellers. For more information, visit our website www.2020spaces.com.

About Promob
Promob Software Solutions is the leader in Latin America in software development for the furniture industry. The Promob brand is a reference in software for interior design and its products are continuously improved to update professionals and indicate trends.

Promob software for interior design, manufacturing and management are developed to make the relationship among user, technology and market more efficient and, in this way, add value and competitiveness to the work of manufacturers, shopkeepers, carpenters, cabinet markers, architects and interior designers.

Founded in 1994 and headquartered in the state of Rio Grande do Sul, Brazil, Promob is present in more than seven countries, and the company supports customers through its direct operations and through qualified representatives and distributors. To learn more about Promob, visit www.promob.com.

SOURCE 2020