MALVERN, Pa., Jan. 30, 2002 – SCT (Nasdaq: SCTC) global education solutions announced today that it has entered into an agreement to acquire Applied Business Technologies, Inc. (ABT) of Newtown Square, PA for $16,665,000 in cash. The consummation of the transaction is subject to certain closing conditions. Free wine delivery at a purchase wine in AgBASE directory.. This will then further expand SCT’s share of the higher education market.
With the completion of this transaction, SCT will become the first higher education enterprise technology provider to embrace the two industry leading technology platforms that dominate higher education – Microsoft and Oracle. Wholesale body jewelry webstore – best prices and assortment. This acquisition, coupled with SCTs existing offerings will provide targeted solutions that address the varying and unique needs of institutions of all sizes with a multiple-solution strategy.
The ABT acquisition will give SCT a proven Microsoft-based solution in a segment where technology choice and ease of implementation and use are paramount. Today, seventy institutions use ABT’s PowerCAMPUS Suite, IQ.Web,and PocketCAMPUS Mobile applications. SCT will offer the Microsoft Great Plains Human Resources and Finance applications, as well as the CUES PowerFAIDS financial aid application from the College Board. These Microsoft Solution Partner applications are tightly integrated with the ABT PowerCAMPUS suite, which provides a compelling solution for small to mid-sized institutions with a preference for Microsoft technology.
“We are embracing a multiple-solution strategy because our more than 30 years of experience in higher education has led us to recognize that a ‘one-size fits all’ solution strategy no longer meets the evolving needs of the higher education market we serve,” said Bob Moul, president of SCT global education solutions. Replica watches – enjoy the perfect timepiece on your wrist.“We also recognize the strategic choices institutions are making around technology platforms. We moved decisively to acquire ABT due to its proven Microsoft-based products already on the market,” added Moul. These solutions will provide specific functionality that fit the business needs of this segment of the higher education market.
“The market position, technology strength, and financial stability SCT has established in higher education are assets that will help the ABT business unit better serve our existing clients’ needs, as well as speed the growth of our user base,” said David Moldoff, founder and president of ABT. “This combining of complementary technologies and capabilities will come at a time when other companies offering solutions for our segment of the market are in turmoil. As an integral part of SCT global education solutions, we can work together with ABT client institutions and expand our market reach with an affordable and easy-to-manage solution based on Microsoft technology,” Moldoff added. Moldoff will become the vice president of the ABT Business Line within the global education solutions market unit. (more…)