AUSTIN, Texas — July 16, 2014 – Ignite Technologies, a growing enterprise software company delivering unique solutions to manage and engage a company’s workforce, today announced the successful acquisition of Acorn Systems, Inc. Acorn, a global provider of cost analysis and profitability optimization software and services, will allow Ignite to further improve its customers’ performance by enabling new functional capabilities and a higher level of workforce alignment. The Acorn Systems acquisition comes on the heels of Ignite’s recent acquisition of Massachusetts-based NuView Systems, a provider of a strong human capital management and payroll platform that helps customers manage the administration of a global workforce. Ignite brings decades of global operating success in terms of process, profitability management and leadership to Acorn clients.
Acorn’s domain expertise, consulting services, packaged software applications, and world-class partners overcome traditional roadblocks to improve bottom-line performance. Their proven approach to profit improvement has created over $2 billion in annual profit improvements for their customers and over $14 billion in new shareholder value.
A September 4, 2013 Gartner study revealed that multinational consumer goods behemoth Unilever coupled Acorn’s Cost to Serve insights with their internal initiatives, resulting in millions of dollars saved. From exploration to pilot and broad-scale implementation, the company drove supply chain improvements and customer value sharing opportunities to produce hard results.
Enterprise software veteran and Ignite CEO, Davin Cushman, is excited about the addition of Acorn to the portfolio. “Not only does Acorn have an industry-leading product suite, but the Professional Services capabilities are right in step with our vision of improving organizational capability across the enterprise,” said Cushman. “An experienced and talented team from Acorn forms the core of this company, and we have already begun to add critical resources to drive customer impact in account management, development, and support.”
Outgoing CEO Alex Fernandez who will play a continued role with the expanded Ignite believes clients will soon benefit from the investment that Ignite is willing to make into Acorn’s operations. “This acquisition is coming at the right time for Acorn. As our business has grown, we have experienced a stronger need for world-class operations. That, coupled with a deeper product development focus, is a win for our clients who rely on us today, and for all future clients.”
Growing Acorn starts with a focused strategy of setting industry-leading standards for customer service. “100% Customer Success — a top-down program that ensures customers achieve success based on mutually established and agreed-upon goals — will be core to our operating philosophy,” said Cushman. “We will meet with every single customer over the coming months to make sure they are being heard.”
About Acorn Systems
Acorn provides companies with profitability and cost management solutions to drive better business decisions. Combining proprietary technology with proven methodology, Acorn reveals enterprise-wide profit opportunities. The unique approach enables clients to make continuous, fact-based decisions to improve their bottom line.
About Ignite Technologies, Inc.
Founded in 2000, Ignite is a privately-held company and member of the ESW Capital group of companies. Since it was reinvented on the heels of a senior management change in 2013, the Company’s mission is to help customers ignite the power of their workforce to drive better business performance. Ignite leads all its efforts with a sharp focus on a simple but challenging objective ― 100% customer success ― measured through achievements of its customers. www.ignitetech.com
About ESW Capital LLC
Based in Austin, Texas, Enterprise Software (ESW) Capital has honed a finely-tuned methodology focused on buying, strengthening, and growing mature business software companies. By taking advantage of its unique operating development platforms, ESW revitalizes its acquisitions for sustainable success while making customer satisfaction a top priority. ESW and its affiliated companies have been in the enterprise software space since 1988, and the group includes notable brands such as Ignite Technologies, Trilogy, Aurea, and Versata. www.eswcapital.com