BARNSLEY, England, July 1, 2015 /PRNewswire/ -- MAM Software Group, Inc. (NASDAQ Capital Market: MAMS) (the "Company" or "MAM") today announced the acquisition of Origin Software Solutions Ltd ("Origin"), a UK-based provider of e-commerce solutions for the automotive aftermarket.
"With the addition of Origin, MAM Software will be able to provide its global customers with a range of effective B2B and B2C e-commerce solutions," said Michael Jamieson, MAM Software Group President and Chief Executive Officer. "We believe this synergistic acquisition will strengthen our e-commerce strategy and help us meet the needs of a changing marketplace where customer demand for internet trading solutions is on the increase."
Origin Software Solutions is a privately-owned web development company specializing in e-commerce solutions for the automotive aftermarket. Its small team of developers has extensive experience of the industry, having worked on solutions for companies such as Ferraris Piston Services (FPS), Wilco Direct and Apec Braking.
"Origin has been an official MAM partner for some time and this move was the next logical step for us. By combining our knowledge of business management applications with Origin's expertise in B2B and B2C e-commerce, MAM will be well positioned to fulfill our vision of becoming a full omni-channel solutions provider and deliver integrated solutions for both online and offline sales," continued Jamieson.
"By joining forces with MAM Software, we believe we can provide an unparalleled level of products and services," said Giles Greenslade, Managing Director of Origin Software Solutions. "Selling automotive parts online is not as simple as many people believe, simply due to the vast array of data that requires integrating to the end solution. By joining the MAM Group, we are able to leverage existing back-office expertise to provide online sales channels that can be easily managed alongside bricks-and-mortar operations."
About MAM Software Group, Inc.
MAM Software is a leading global provider of on-premise and cloud-based business management solutions for the auto parts, tire and vertical distribution industries. The company provides a portfolio of innovative software (SaaS and packaged), data (DaaS), and integration (iPaaS) services that enable businesses to intelligently manage core business processes, control costs and generate new profit opportunities. MAM's integrated platforms provide a wealth of rich functionality including: point-of-sale, inventory, purchasing, reporting, data and e-commerce. Wholesale, retail and installer business across North America, the U.K. and Ireland rely on MAM solutions, backed by dedicated teams of experienced service and support professionals. For further information, please visit http://www.mamsoftware.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including, increased competition; the ability of the Company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE MAM Software, Inc.