TechnologyAccounting SoftwareWalker makes QSP acquistion

Walker makes QSP acquistion

Receivers at QSP have sold the collapsed software company's intellectual property to enterprise software developer Walker Interactive Systems.

QSP, which went into receivership during the Softworld Accounting & Finance show in Birmingham last month, has also sold ‘certain’ consulting services to Walker.

Aylesbury-based Walker confirmed in a statement that it would support QSP’s UK customers and was talking to ‘interested parties’ regarding support and consultancy work for non-UK customers.

‘With this acquisition, Walker has the opportunity to expand and strengthen its product and service offerings as well as expand its customer base to include many more ‘blue chip’ companies,’ said Walker president Paul Lord.

‘Although QSP experienced financial difficulties in recent years, it has enjoyed a reputation for having quality products and technology capabilities as well as a professional services organisation equipped with talented individuals,’ he added.

Walker is a top-end financial software developer that has expanded into the services and consulting market. It continues to support deployment on IBM mainframe systems, while building web-based financial and procurement systems for specific industry sectors.

Links

News Analysis: QSP – how did it happen?

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