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FrontRange Solutions Acquires Centennial Software

April 28, 2008

FrontRange Solutions has announced the acquisition of Centennial Software, a dynamic infrastructure management products provider. Centennial is focused on auto-discovery and inventory management and license management solutions.


The company has served more than 3,200 supported customers throughout the world, with an expansive market presence and more than 200 partners across the globe.

“We've seen a growing trend of service desk customers selecting ITAM tools based on their satisfaction with the service and support from the service desk vendor, and on the functionality of the service desk product, with an eye toward the potential benefits to be derived from a suite-based solution,”  said Patricia Adams, Gartner Research director, in a Monday statement.

“Having an accurate idea of what hardware and software is installed in the environment is a necessity to being able to manage it. Essentially, if you don't know what is installed, then it is impossible to keep track of or manage it.”

FrontRange Solutions has demonstrated revenue growth of more than 35 percent in the past fiscal year. The company plans to utilize Centennial to strengthen its portfolio of products by adding its discovery, asset management, license management and end-point security products.

“FrontRange and Centennial both offer industry leading, best-of-breed products and solutions. By combining our complementary products and technologies, we will be able to provide the most comprehensive, end-to-end IT solutions in the market today, while delivering unparalleled value to our customers,” said Michael McCloskey, CEO of FrontRange Solutions, in Monday’s statement.

“With our more than 10,000 IT customers, over 400 partners and market-leading portfolio of products, we are excited about beginning our new fiscal year with the addition of Centennial to our strategy. I’m confident FrontRange customers and partners will see this as a natural evolution of our product and company strategy.”

McCloskey continued, “Combined with such obvious synergies in our go-to-market strategies, customer base, geographic presence, and solution focus, the acquisition is entirely logical and provides an ideal outcome for both companies. This acquisition is a reflection of our commitment to global markets, and will further strengthen our international revenues, which already approach half of our total revenues today.”

Andy Burton, CEO of Centennial Software, commented: “By joining forces with FrontRange, our customers and partners will be able to realize additional value from their existing investments by accessing a wider portfolio of market-leading solutions designed to help them manage IT operations more effectively.”

“Having the support of the wider FrontRange organization will also help Centennial build on its strong performance in the UK and European regions by accelerating its growth in key markets such as North America and APAC,” Burton added.

Centennial Software offers solutions that provide greater regulation, best practice standards and the economic downturn that drives the need for greater control of IT assets and operations. As such, the company’s solutions help customers to achieve reductions in cost, complexity and risk.

“Software Asset Management (SAM) and IT Governance initiatives are taking more CIO and IT manager time,” said Fred Broussard, research director, Enterprise System Infrastructure Software, for IDC, in the statement.

“Solutions such as FrontRange's, augmented with asset discovery and license management capabilities into its core portfolio, can help IT organizations address this critical function.”

This latest acquisition will certainly help to improve the already strong positioning that FrontRange enjoys in the market. The company has accurately identified areas of opportunity and the benefits that Centennial Software provides to its strong portfolio. In combining these two companies, FrontRange is better positioned to provide customers with the solutions they need to effectively maintain a competitive edge in the marketplace.
 
Susan J. Campbell is a contributing editor for TMC and has also written for eastbiz.com. To see more of her articles, please visit Susan J. Campbell’s columnist page.
 
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