PracticePeople In PracticeFreecom.net takes Systems Union name

Freecom.net takes Systems Union name

Accounting and e-commerce software provider freecom.net has confirmed it is to change its name to the Systems Union Group.

The new name follows the company’s £32m acquisition of Systems Union – the supplier of SunSystems software – in May, which was formally agreed at its EGM held last month.

Freecom.net has also recently acquired accountancy software provider Pegasus Software earlier this year. The restructuring has resulted in Systems Union Group now comprising of two main divisions.

The financial and e-business software division will concentrate on developing and marketing the SunSystems and Pegasus Software brands and will develop its still to be released ASP solution.

Meanwhile its website development and hosting division is to be named freecom.net GB and follows on from its acquisition of OneView.net.

The decision to retain the Systems Union name has been viewed by the sector as an endorsement of it’s established 18-year record and client base worldwide.

Michael Williams, freecom.net CEO, said: ‘freecom.net has always been intent on our shareholders seeing the benefits of our e-business strategy. The company has expanded beyond the dot.com sector and the proposed change of the parent company’s name reflects this.

‘Systems Union enjoys a high reputation around the world and we intend to build on its client base and products’, he added.

However, it is still unclear how many jobs have been lost as a result of the mergers, however many staff are understood to have been offered voluntary redundancy.

Company officials have said it was inevitable that ‘rationalisation’ would take place following the takeover but refused to comment further.

www.freecom.net

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