MASTERCONTROL INC. ACQUIRES AMG IT SYSTEMS LTD.
SALT LAKE CITY Utah and Reading, UK July, 10, 2007 MasterControl Inc. and AMG IT Systems Ltd. today announced that the companies have signed an agreement under which MasterControl will acquire privately held AMG IT Systems, Ltd., whose QAAD? product is a front runner in the regulated quality assurance software industry.
MasterControl Inc. is a leading software and services provider for life science companies worldwide. The MasterControl™suite is a configurable, off-the-shelf, and easy-to-use solution designed to automate and manage data and processes in every stage of the product development cycle with less effort, in less time, and at a lower cost. The acquisition of QAAD and its strength in the audit/QA space directly complements these three features. As a configurable, validated software solution accompanied by all of the technical tools for compliance with electronic record and electronic signature regulations, QAAD is an ideal complement to MasterControl's current offerings and target markets. In addition, AMGIT provides MasterControl with an experienced, international team to offer better support and services for its European and North American clients.
?The mission and values of AMG and MasterControl are closely aligned,? said MasterControl's CEO Jonathan Beckstrand. ?Both organizations are absolutely committed to building an exceptional team with unwavering dedication to customer success. I am very excited to see the results of our combined efforts.?
?The addition of AMG IT's QAAD expands MasterControl's presence in pharmaceutical R&D and clinical operations and adds to our growing presence in Europe ,? he continued. ?In order to accomplish our objective of becoming the world's foremost vendor of simple to validate software solutions for GxP compliance, we will continue to look to join with organizations that have strong compliance oriented software products and services.?
?Joining MasterControl is a logical step for us,? said Caroline Gasson, AMG IT Systems Ltd. Director. ?A critical point in our decision path, moving forward, was our desire to work with a company that had similar core values. We determined that MasterControl - a) demonstrated true commitment to customer success and b) encouraged its employees to excel, whatever they undertook. The fact that MasterControl has a proven financial track record and offers a document control solution (not available within QAAD) leaves me secure in the knowledge that both our customers and employees will truly benefit from the acquisition. What really excites me is that QAAD clients will have access to a higher level of support in both Europe and North America and be reassured by an even larger customer base. By tapping into MasterControl's worldwide sales force, we will be able to offer QAAD to hundreds of MasterControl clients and prospects throughout North America and Europe.?
About AMG IT Systems Ltd.
About MasterControl Inc.
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