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Microdec Acquires Cognisoft.

Microdec Acquires Cognisoft.
Microdec has signed an agreement to acquire Cognisoft in a transaction that will bring the two market leaders together to enable the companies to become a stronger enterprise. As a result of this together they will be the largest supplier in this sector underpinning their intentions for the future.
Both Microdec and Cognisoft will benefit from synergies across product lines and markets and enable both companies to accelerate the reach of their solutions across Recruitment, Connexions and Training Provider organisations.
Microdec said it will continue to support each organisations product road map while enhancing products to help customers derive additional value from existing investments. It also stated that both companies development organisations would remain intact, with the opportunity to cross-collaborate to increase innovation for customers.
Cognisoft will operate as a standalone unit under the name Cognisoft, a Microdec Company. Cognisofts management team will continue to run the business with Microdec's directors joining the Cognisoft board. The Managing Director will be Clive Seagers, the existing Managing Director of Microdec.

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