FOR IMMEDIATE RELEASE
Corum Leads Sale of ASTA Group to ELECO
Bellevue, Washington, USA April 12, 2007 The Corum Group is proud to announce the sale of its client, Asta Group Limited, a United Kingdom based developer of project and resource management software applications and support services, to Eleco plc. The addition of Astas products and team to the software operations of Eleco is an excellent move. Eleco can continue their record of delivering shareholder value by capitalizing on cross-marketing opportunities in international markets and providing a broad portfolio of software solutions to construction, engineering, information technology, and professional services organizations, explains Gregory Galliford, Corum Vice President.
About Eleco plc:
Eleco is a building systems and software group. The Company manufactures precast concrete products, secret fix metal roofing and cladding products, panels and boards for interiors, and is a full system supplier to the fabricated timber roof truss industries in the UK and Republic of Ireland, Germany and South Africa. In addition to its traditional manufacturing businesses, Eleco has a software division which provides integrated solutions to the construction industry, including software solutions for 3D visualization, cost estimating, site management, engineering, design, and plant management.
About Asta Group Limited:
Asta Group is the developer of project and resource management software solutions, including Asta Power Project for the construction and engineering operations, and Asta Teamplan for information technology and professional service organizations. Asta Powerproject is an easy to use, full-featured, project and resource management software application that helps users deliver projects on time and within budget. It is equally applicable for use on large projects (for example it was used on the construction of the London Eye) and for managing multiple simultaneous projects such as those encountered by house builders. Asta Teamplan is a real-time collaborative multi-user system for managing multiple projects, resources and costs with integrated time and expense management. It provides the tools to optimize staff utilization rates, improve project collaboration, and align projects with organizational objectives. 43 out of the top 50 main contractors in the UK by turnover and 9 out of the top 10 UK house builders by turnover use Astas project management software.
About The Corum Group:
The Corum Group is the premier provider of M&A services to software and information technology companies worldwide. With ten offices globally, Corum has completed over US$ 5 billion in transactions in 14 countries during its 20 year history, and publishes the software industrys most widely distributed M&A research. Corum is built and staffed by highly experienced former CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than US$ 20 million to build the worlds largest database of technology companies worldwide (with over 70,000 contacts) to help ensure unparalleled success in client engagements. For more information please visit www.corumgroup.com.
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