Blue Software, a portfolio company of U.S. private equity firm Diversis Capital, has acquired Viki Solutions, a provider of online proofing and real-time collaboration software technology based in Victoria, British Columbia. No financial terms were disclosed. Chicago-based Blue Software said the deal helps cement its position as a global provider of end-to-end artwork and label management software solutions. In December 2014, Diversis acquired the company in a carve out from Matthews International.
BLUE Software Acquires Viki Solutions
Combined solution establishes leadership position of its marketing and supplier collaboration platform
LOS ANGELES, January 12, 2016 – Blue Software, a portfolio company of Diversis Capital LLC, is pleased to announce that it has successfully acquired Viki Solutions (Victoria, British Columbia), a worldwide leader in online proofing and real-time collaboration software technology. This acquisition is part of an ongoing growth and expansion strategy to further cement Blue Software as the global market leader in end-to-end artwork and label management software solutions to the consumer packaged goods, pharmaceutical and retail industries. The addition of Viki Solutions will drive even more robust capabilities with simplified ease of use across the entire suite of BLUE modules and will bring BLUE to more premedia and creative agencies, DAM providers and print publications among others.
“We are thrilled to welcome Afshin Mirmotahari and the entire Viki team to BLUE,” said Scott Strong, CEO of BLUE Software. “For more than five years we have worked strategically with Viki Solutions as the industry leader in online proofing and real-time visual collaboration. Since our initial engagement with Viki, our clients have been impressed with how technically advanced their solution is at providing the ability to proof and manage large and complex files.”
BLUE Online Proofing module users currently enjoy a partnership between Viki Solutions and BLUE that provides the powerful tools they need to collaborate in real-time on a wide range of file formats, including document, image, audio, video and 3D—with exceptional content accuracy, markup and approval tools, revision comparison and advanced proofing features. The acquisition solidifies the technology relationship and will add capabilities in the coming months to BLUE including extensions for BLUE’s automated task routing through integration with third party solutions; a color-matching module that can be added for color-accurate online proofing; responsive design with touch support for tablets, touch displays and hybrid devices.
“We’re excited to bring our entire portfolio of solutions to the market with BLUE,” added Afshin Mirmotahari, former CEO of Viki Solutions and newly named Chief Technology Officer of BLUE Software. “We’ve worked closely with BLUE and all of our partners on the design, integration and delivery of our online proofing, collaboration and workflow technologies. With the combined talent and financial backing, we have the opportunity to accelerate the delivery of our plans, products and offerings to our technology partners, our brand partners, and our premedia partners.”
About BLUE Software: BLUE Software develops Brand Lifecycle Management software to help Consumer Products (FMCG/CPG), Life Sciences, and Retail companies achieve global visibility into the business processes that drive the execution and compliance of their brands efficiently across media worldwide. Its robust, enterprise-level software-as-a-service (SaaS) platform BLUE enables more than 81,000 users and 3,100 companies worldwide to work smarter every day with automated workflow, online proofing, digital asset library, and additional modules.
About Viki Solutions: Viki Solutions specializes in powerful, enterprise-grade collaboration and automation tools that optimize the productivity, quality and efficiency of complex brand, marketing and business workflows. With over 20 years’ experience developing market-leading products for digital, print and packaging value chains, Viki works with leading technology partners and service providers to deliver high-value system integrations, enhanced profitability and exceptional service and support.
About Diversis Capital
Founded in 2013, Diversis Capital, LLC (“Diversis”) is a North American private equity firm with a focus on carve-outs, standalone deals and special situations in the lower and middle markets that require both sharp financial acumen and operational expertise to reach success. The tight-knit team of professionals has experience working on complex transactions and leveraging deep hands-on operational expertise to help companies and their management teams achieve full potential. Diversis, which was founded by Managing Directors Ron Nayot and Kevin Ma along with Marc Luzzatto, the firm’s Chairman, is currently in full acquisition mode with a goal of executing several transactions annually. For more information, please visit www.diversiscapital.com
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