COA Solutions Acquires HR Systems Specialist ASR Computers Ltd

April 2008

COA Solutions Ltd. (formerly CedarOpenAccounts), a UK provider of business and information management systems, has today announced the acquisition of UK human resource (HR) software company, ASR Computers Ltd (www.asr.co.uk). This acquisition consolidates COA Solutions' position as one of the leading UK-based human capital management (HCM) solution providers.

The acquisition of ASR, the company's ninth in the past five years, supports COA Solutions' strategy of delivering market-leading human resource software to UK service industry organisations. This deal, in conjunction with COA Solutions' previous acquisitions of HR and payroll specialists OpenPeople, Goldenhill and Strata, elevates the company to one of the leaders in the UK HCM market, which is worth an estimated £240 million.

ASR has 400 customers within both the private and public sectors and its solutions cover the complete spectrum of HR requirements including personnel, training, recruitment, succession planning, self-service and workflow. This software portfolio will add considerable breadth to COA Solutions' Smart Business Suite, which comprises finance, human resource, payroll, procurement, business intelligence and document management solutions.

Mark Thompson, COA Solutions' managing director says, "This is a very exciting acquisition that demonstrates our determination to sustain the rapid growth of COA Solutions in the UK HCM market, whilst continuing to be a force in the rapidly consolidating UK business software market. It also proves our commitment to understanding and responding to our customers' requirements."

Thompson continues, "ASR is a UK-leading HR provider with award-winning solutions, a strong reputation and a complementary focus on UK service sector organisations. This acquisition extends our product offering and provides both COA Solutions and ASR customers with even greater functionality to fulfil their business needs."

ASR will remain at its Harpenden office and will continue to operate as a separate business, supporting existing customers and partners. The terms of the deal have not been disclosed.

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