CHARLOTTE–Atlanta’s Market Systems Inc. (OTC:MKTE) said its board has approved a letter of intent to acquire Charlotte-based Convey Systems from its parent company, The Tag Group Inc. (PNK:TGGP). Financial details were not revealed.
Market Systems, which sells customer relationship management software says it sees many synergies with Convey’s Web-based collaboration software systems.
Effective immediately, the board entered into an interim management agreement naming Doyal Bryant, president and CEO of Convey Systems, to serve as the president and CEO of Market Central, Inc., pending the consummation of the transaction.
In addition, Preston Rodenbaugh, an executive officer in Convey, will serve as executive vice president of Market Central under the same management agreement. Terrence J. Leifheit, current president and CEO of Market Central will continue to serve as a director of the Company.
Market Systems says Convey’s collaboration software complements and expands its own computer telephony integration, contact center, and data software lines.
Convey’s software is a widely recognized virtual reference tools used by libraries worldwide.
Market Central says the addition of Convey Systems’ OnDemand product line to its current operations will enable Market Central’s contact centers to operate as sophisticated, multi-media customer contact centers on an outsourced basis.
Additionally, Market Central intends to combine its SourceWare software with OnDemand in a new software licensing division that will provide more sophisticated data search capabilities to its contact center clients.
“We see tremendous synergies between our companies and sizeable opportunities to leverage our client bases and technologies to achieve growth in new markets and marketplaces with this acquisition,” stated Glen H. Hammer, chairman of Market Central.
“We foresee the introduction of highly cost-effective, packaged solutions that offer very efficient alternatives in the customer relationship management arena.
Convey Systems
