Loftware Inc., a portfolio company of Riverside Partners, has announced its planned acquisition of U.K.-based Gap Systems, a provider of SaaS-based artwork management solutions.
The British enterprise labeling technology company intends to use the acquisition to broaden its global presence and bolster its offerings with a new cloud-based digital platform.
Gap Systems, which was founded in 2002 as a software and consulting organization, serves companies across industries including consumer packaged goods, food and beverage and pharmaceuticals, with a focus on helping firms in regulated industries meet ever-changing compliance standards.
Portsmouth, NH-based Loftware’s cloud-based digital platform is comprised of Loftware Spectrum, which is designed to help customers meet evolving labeling requirements, and Smartflow, its flagship product which manages the packaging artwork processes throughout the product lifecycle. The platform offers clients a diverse range of features based on their particular needs, including artwork design, advanced workflow, content management, certified integration, business rules, proofing, printing and analytics.
As the global market leader in its enterprise labeling solutions space, Loftware lists over 5,000 customers across more than 100 countries. The over three-decade running company integrates its software with SAP, Oracle and other enterprise applications.
In acquiring Gap Systems, Loftware indicates that it is uniting complimentary companies, teams and solutions, helping redefine how enterprises create, manage and print complex labeling and packaging artwork, and scale across their operations. The combined platform should better aid companies in improving time to market, mitigating risk, reducing supply chain complexity, optimizing costs and increasing agility.
“Several years ago, Loftware pioneered the Enterprise Labeling market by recognizing the need to focus on complex, high volume labeling for large organizations. Now we are transforming the Label and Artwork Management space by delivering this unprecedented platform,” stated Loftware President and CEO Robert O’Connor, Jr. “Our customers and the market will greatly benefit from our strategic vision, broader and deeper solutions, global scale and continued world-class services and support."
Financial terms of the deal were not disclosed.