Friedman Announces the Acquisition of CORESense
DEERFIELD, IL – August 13th, 2012 — Friedman Corporation, a wholly-owned subsidiary of Constellation Software, Inc. (“Constellation”, TSX: CSU) announces that it has acquired CORESense Inc.
CORESense offers an all-in-one, full-featured ecommerce and retail management software solutions for multi-channel retailers and direct to consumer manufacturers, through its hosted solution. CORESense’s cloud-based application supports a broad range of specialty retailers including; Fashion and Apparel, Footwear, Automotive Aftermarket and Sporting Goods, with a customer base throughout North America. CORESense has its headquarters in Saratoga Springs, New York.
As a result of the purchase, CORESense will become part of Constellation’s Friedman Operating Group, and will continue to operate as an independent division of Friedman. CORESense will continue to develop, enhance, and sell ecommerce and retail management software solutions while continuing to provide the highest level of support to their customers.
Eric Herrmann, Chief Financial Officer of the Friedman Operating Group, comments “The acquisition of CORESense compliments the Friedman Operating Group’s markets and product portfolio. The CORESense product offering will enable us to further grow our presence in the distribution, fulfillment and retail management market sectors across specialized industries and demonstrates our continued investment in this sector.”
Chris Martin, CEO of CORESense, adds “This is an exciting development for both CORESense and its customers. The acquisition by Friedman provides us a strong corporate platform and access to resources and expertise which will allow us to improve our product portfolio and extend our market reach, while at the same time continuing to provide first-class service to our customers.”
Friedman Corporation is headquartered in Deerfield, IL and is a wholly-owned subsidiary of Constellation Software. Friedman Corporation specializes in complete ERP solutions for manufacturers and distributors of “make to order” and “engineer to order” products in the building products, capital equipment, and automotive sectors. The Friedman Operating group also has a complementary portfolio of software offerings for transportation management, material optimization, supply chain management, multi-channel merchant and direct-to-consumer distribution. www.friedmancorp.com.