FORTERRO ACQUIRES SYLOB GROUP

Change in Ownership Reinforces Focus on Midmarket ERP for Industrial Companies

Albi

CAMBON D’ALBI, FRANCE, May 11, 2016—Forterro, a group of European ERP software and services companies, today announced that it has acquired privately-held Sylob, a leading supplier of ERP software for small to midmarket manufacturers of industrial products in France. The details of the transaction were not disclosed.

Forterro also operates the Swedish ERP software company Jeeves and the Swiss ERP software company SolvAxis. “Sylob’s strong brand and loyal and growing customer base are both testaments to the high caliber of products, people and operations we have added to Forterro,” said Scott Malia, COO of Forterro. “We couldn’t be more thrilled to partner with Sylob, and believe the company is a perfect fit within our portfolio of market-leading, specialized ERP products.”

Jean-Marie Vigroux, Founder and President of Sylob Holding, and Sylvie Castres, President of Sylob SAS, will continue managing the business with the support of their existing management team. “Both Forterro and Sylob are taking a long-term view on the partnership,” said Vigroux. “From the start, we already have strong alignment with Forterro’s beliefs on the ERP software market and approach to managing product roadmaps and customer relationships. But we will take our time to collaborate and find the synergies. Our first priority is always to continue taking care of our customers.”

About Sylob

Since 1991, Sylob has developed and implemented ERP software solutions exclusively for industrial SMEs in France. Sylob serves an active community of users across a wide range of industries, including aerospace and defense, automotive, electronics, industrial machinery, plastics, and jewelry. The company’s products, Sylob 5 and Sylob 9, are locally built, full-service cloud solutions that are designed to be easy to implement and use, while still delivering the functional depth and expert services required by industrial SMEs. Together they offer a modern, scalable platform that will support small startups to multi company SMEs. For more information, visit www.sylob.com.

About Forterro

Since it was founded in 2012, Forterro has grown to employ some 1,600 employees who work from over 40 office locations around the world to support specialised software solutions and more than 11,000 small and midsize manufacturers. Headquartered in London, Forterro is a category leader in one of the largest and most steadily growing markets in software, with strongholds in each of the Europe’s top production economies, as well as regional service hubs and development centres around the world. Forterro is home to a diverse range of local and vertical industry software solutions—each one uniquely developed by the midmarket, for the midmarket.