Neopost acquires GMC Software. Will help us diversify, says GMC India

GMC Software Technology's solutions allow companies to manage inbound and outbound communications with customers, regardless of the media and the channel used;  be it paper mail, e-mail, fax, text messages or social networks.

Neopost chairman and chief executive officer, Denis Thiery commenting on the acquisition said, “GMC's technology and know-how will enable us to provide additional services to our customers in a major step toward the integrated and coordinated management of various customer communication tools, beyond the exchange of mail.

It will also allow us to extract exciting revenue synergies with our high-end folder/inserter customers while giving us better access to the major accounts with whom GMC has forged close ties. Lastly, the GMC Inspire software solutions will effectively complement the output solution Print Machine we currently sell to our customers."

Rene Muller, chief executive officer, GMC Software Technology said, “Joining Neopost is a great source of satisfaction for us. We will be able to continue expanding GMC's range of products for large accounts and maximise growth opportunities by leveraging Neopost's customer base while at the same time moving up into another league from the strategic point of view.”

On being questioned if the acquisition would affect the India operations, Purnendu Mohanty, managing director - India and SAAC, GMC Softwares Technologies India said, “The acquisition would have no effect on GMC Softwares in India. We will continue to work as GMC India under the aegis of Neopost. We have the largest clientele of 23 customers in India, and we have been looking for a global partner to further our efforts and stronghold in India. Neopost will help us in providing the right thrust to diversify our reach in the country.”

The Swiss software solution provider founded in 1994, has a direct presence in over twenty countries in Europe, America and Asia. GMC Software Technology has been reporting double-digit revenue growth for several years. In 2011, it reported revenues of 42 million Swiss francs from the sale of software licenses, contracts for the implementation of tailored solutions and annual maintenance contracts.