Orchard has just bought in4systems, a leading supplier of asset management solutions to the housing sector, for an undisclosed sum. Orchard funded the acquisition from its own cash reserves, after 29 per cent growth over the past three years and 2012 revenues of over £14 million.
John Doughty, sales and marketing director, Orchard, said, “The range of solutions provided by in4systems is a welcome addition to our product portfolio. That said, we recognise that customers have a choice, so we have made a commitment to continue providing high levels of integration between our housing management system and other asset management systems such as Keystone. Equally, we are committed to ensuring that in4systems’ Promaster product suite offers high levels of integration with other housing management systems.”
John Buckland, director, in4systems, said, “We are delighted that Orchard chose to acquire in4systems. From the outset we felt that there was a real synergy between the cultures of the two companies and we were impressed by the high level of effort Orchard puts into relationships with its customers.”