Privately held Australian contract management systems vendor Open Windows has snapped-up the assets of Canberra based electronic procurement specialist eValua Pty Ltd in an acquisition certain to broaden its reach into the public sector.
The deal, for an as yet undisclosed price, will see eValua’s existing products and solutions which include the popular eTender Box and other intellectual property assets transferred into the Open Windows portfolio as the company builds-up its cloud-based offerings to existing and clients acquired clients.
The buy out is certain to bring relief to eValua’s existing client base after the popular platform flew into financial turbulence and was put into administration, a move that ultimately culminated in a trade sale.
The opportunistic acquisition looks to be a canny move by Open Windows. The New South Wales Government’s Trade and Investment website notes eValua’s clients include not only the Department of Defence but a clutch of blue chip defence industry heavyweights that are already existing suppliers to Russell.
For its part, Open Windows is promoting the deal as more than just the sum of its parts.
“We see Tender Commerce as a strong growth area across the globe, with Government and more and more public companies not only having to, but also choosing to enforce probity and visibility in the tendering phase of contracting,” said Simon Adler, Open Windows chief executive.
“Open Windows has been looking for a robust and mature multi-tenanted cloud based eTender solution for some time. The opportunity to incorporate a standalone competitively priced Tender Commerce solution such as eTenderBox® into our portfolio is a real game changer for Open Windows customers.
“The acquisition of this suite of products represents a significant opportunity for our current and future clients to benefit from a mature solution backed by a mature organisation,” Mr Adler said.
Open Windows remains one of a small group of highly successful home-grown technology developers that have carved out a solid niche in both the public and private sectors by delivering best of breed products and solutions that intuitively fit local demands rather than requiring the substantial customisation that products from multinational vendors often require.
The company has already secured a large part of the local government sector by delivering automated end-to-end contract management solutions that result in big labour cost and time savings for councils and other government entities.
Open Windows is chaired by former Victorian Premier Jeff Kennett.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at email@example.com.
Sign up to the Government News newsletter