This summer, VerticaLive Inc., a leading provider of cloud ERP solutions, announced that it has acquired UA Business Software (Advanced Software Development), whose accounting and reporting software powers a global customer base numbering several thousand companies and is supported by a partner network consisting of hundreds of technology providers and industry consultants. The move positions VerticaLive to offer a migration path for UA users to a next-generation Software-as-a-Service, cloud ERP environment, and to assist UA business partners in transitioning their business models to the cloud.
VerticaLive CEO, Matthew DeVoll says, “Advanced Software pioneered the concept of an open source business solution more than 20 years ago. That concept attracted hundreds of innovators in the accounting and technology consultancy field who became a part of the ASD reseller network. The UA Business Software product is in use around the globe across dozens of industries. Many UA customers will want to migrate to the cloud, and many UA partners will want to create cloud practices. We look forward to assisting them.”
Dean Shoultz, founder and CEO of Advanced Software, said “This combination is a great development for ASD and for UA Business Software customers and partners. We are very pleased to be in a position to offer continuity of service and a migration path to modern technologies and modern solutions. The VerticaLive Business Framework supports a variety of deployment models: public cloud, private cloud, hosted on-premise, and pure on-premise. This will provide our customers with flexible and natural upgrade options. It will also open up new business models for ASD partners who want to build durable recurring revenue components of their businesses.”
VerticaLive is a leading provider of cloud ERP and development technology for Microsoft platforms. The VL Business Framework enables rapid development and deployment of private or public cloud applications, virtual hosted solutions, or on-premise solutions. VerticaLive works with new cloud ventures and established IT organizations to help create enterprise class applications. The company recently completed a Series A financing, which was led by Investment Partners LLC. Verticalive is headquartered in Houma, Louisiana, and has offices in Los Angeles, Calgary, and London. (http://verticalive.com)
About UA Business Software
UA Business Software (formerly, Advanced Software Development) was founded in 1992. Its UA Business Software became an industry- leading solution that was adopted by over 4,000 companies across dozens of industries around the world. ASD’s partner network grew to consist of over 400 resellers and service partners. (http://uacloudnow.com/)