Canada's Explorer Software has entered the Australian market through the acquisition of two Australian fellow construction software companies.
The company will buy Adelaide-based CSSP and Adelaide and Sydney headquartered Kensington Computer Services.
Explorer said it will operate its new Australian division from offices in Adelaide, Perth, Sydney and Auckland, and appoint former Kensington managing director Marc Hemmet as its managing director of Australia.
Kensington has been supplying the Australian construction industry since 1983, while CSSP was established in 1994.
Explorer Software CEO Jim McFarlane said the companies share many of the same customers. “The two businesses are highly complementary,” he said.
Kensington and CSSP also both provide products and services using Rocket U2, database management software owned by Rocket Software.
Terms of the deals were not disclosed. Explorer Software has now made 12 acquisitions since 2004.
Explorer Software COO Mike Aspinwall said the company's usual acquisition strategy involves retaining existing staff from purchased companies.
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