PE-backed ACCEO Solutions buys retail software provider Multipost

ACCEO Solutions Inc has acquired Multipost Ltd, a Toronto-based developer of point-of-sale terminal software for small and mid-sized retailers. The financial details of the transaction were not published. Montréal’s ACCEO, a specialist in business software solutions, said the acquisition will expand its product range and increase its expertise in the retail industry. In 2012, France’s GFI Informatique SA sold its stake in ACCEO, then known as GFI Solutions Inc, to an investor group that included Capital régional et coopératif Desjardins, Fonds de solidarité FTQ and Investissement Québec.

PRESS RELEASE

ACCEO Solutions Acquires Toronto Firm Multipost

The company expands its retail-sector solution offering with its latest acquisition

MONTREAL, June 9, 2015 /CNW/ – ACCEO Solutions Inc., a Canadian leader in information technology and in business and financial solutions for SMBs, is proud to announce its acquisition of Multipost Ltd, a Toronto-based firm which works with point-of-sale (POS) terminal software for small and mid-sized retailers in a variety of specialized sectors.

With this acquisition, ACCEO Solutions is expanding its product range by adding the full SmartVendor© suite of POS software, which is used by over 2700 businesses in Canada and the United States. It will continue Multipost’s mission to provide retailers with reliable, user-friendly, and cost-effective software solutions, in addition to offering them new opportunities, thanks to its expertise in the area of SMB e-business operations.

“We are very happy to be welcoming Multipost to ACCEO Solutions; it brings more than 30 years’ worth of experience in solutions which are highly complementary to those already offered by ACCEO,” says Gilles Létourneau, president and CEO of ACCEO Solutions. “The addition of Multipost’s solutions allows us to increase our retail-sector expertise.”

“We are very enthusiastic about combining our expertise with that of a company of the calibre of ACCEO Solutions, and thus allowing our loyal clientele to benefit from new opportunities, in terms of the quality of both the products and the services they need to grow,” explains Harry Magerman, president and general manager of Multipost.

About ACCEO Solutions Inc.

Leading Canadian IT company ACCEO Solutions specializes in the design, implementation, integration, and support of management software; e-business development; and payment, professional, and technical services. ACCEO Solutions, which is currently experiencing an active growth phase, boasts nearly 1000 employees, approximately 60 000 clients, and annual revenues exceeding $100 million. For more information, please go to www.acceo.com.

About Multipost Ltd

Since 1980, Multipost has been specializing in point-of-sale terminal software for small and mid-sized retailers in a variety of specialized industries, including clothing, convenience stores, garden nurseries, and health food. For more information, please go to www.multipost.ca.

SOURCE ACCEO Solutions Inc.

For further information: André Desjardins, Senior Marketing Manager, Shared Services, ACCEO Solutions Inc., 514 288-7161, Ext. 3586, andre.desjardins@acceo.com; Darcy Cameron, High Road, 514-798-6147, darcy.cameron@highroad.com

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