Transaction Details

November 17, 2020
New York

Sector

Technology

Deal Type

M&A

Deal Team

Kevin Walsh, Glen Kruger, Saif Malik, Bruce Chanenchuk, Noah Gray

GCA Advises Open Systems on its sale to Aptean

GCA is pleased to announce our client, Open Systems, a leading enterprise resource planning (ERP) software solution provider, announced it has been acquired by Aptean, a global provider of mission-critical enterprise software solutions.

Founded in 1976 and headquartered in Shakopee, Minnesota, Open Systems serves nearly 2,500 manufacturing, distribution and services customers across North America and has built a strong reputation for its industry-leading ERP solutions. Open Systems’ solutions span industries including food and beverage, specialty chemicals, manufacturing, personal care, cosmetics and pharmaceuticals.

Over the past three years Open Systems has built on its impressive track record with the release of its new “Global” solutions. These cloud-based solutions were built from scratch to be high-performing, scalable and modern while enhancing security and scalability too. Through this transaction, Open Systems will be able to extend Aptean’s complementary offerings to its customers and leverage the company’s global scale to accelerate its growth.

“Open Systems combines innovative ERP technology with a long history of helping customers solve complex problems,” said TVN Reddy, CEO of Aptean. “This acquisition further strengthens our world-class process and discrete manufacturing ERP capabilities. We are excited to welcome the entire Open Systems team to the Aptean family and are eager to continue building on Open Systems’ strong momentum as we execute on our shared objectives and continue to enhance our ERP offerings.”

“Today’s announcement is an important step in our company’s growth trajectory,” said Dr. Michael Bertini, CEO of Open Systems. “Aptean shares our vison for the future of Open Systems and offers the worldwide scale necessary to drive further success while continuing to enhance our product development capabilities. Aptean’s existing product portfolio and complementary solutions are highly relevant for our growing customer base. I look forward to partnering with Aptean and I’m confident that together we will capitalise on the compelling opportunities ahead.”

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