Microdec buys Cognisoft

Microdec Plc and CogniSoft Ltd announced that Microdec has signed an agreement to acquire a majority shareholding in CogniSoft, a transaction that will bring the two market leaders together to enable the companies to become a stronger enterprise. As a result of this transaction the companies will benefit from greater productivity, speed and agility to help the business grow.

Both Microdec and CogniSoft will benefit from synergies across product lines and markets and enable both companies to accelerate the reach of their solutions across Recruitment, Connexions and Training Provider organisations.

With this transaction, the combined company will dramatically expand its addressable Local Authority market by making available its market-leading solutions to underpin the integrated youth support services (IYSS) provided by the Local Authority for the benefit of children and young people.

Microdec said it will continue to support each organisation’s product road map while enhancing products to help customers derive additional value from existing investments. It also stated that both companies’ development organisations would remain intact, with the opportunity to cross-collaborate to increase innovation for customers.

The two companies announced that CogniSoft will operate as a standalone unit under the name “CogniSoft Ltd, part of the Microdec Group”. CogniSoft’s existing directors will continue to run the business with Microdec’s directors joining the CogniSoft board. The Managing Director will be Clive Seagers, the existing Managing Director of Microdec.

CogniSoft was first established in 1984 and are specialists in the design, development and implementation of web based information systems to providers of learning, guidance, support and employment services. The team has grown over this time and has racked up an incredible 150 years of service with the company. For customers, this translates to a wealth of product and industry knowledge that is available to call upon and is reflected in the market leading products supplied.