Y Soft Corporation acquires Equitrac Systems of Australia

GRAPEVINE, Texas - July 20, 2013 - PRLog -- Despite the similarity in name between Equitrac Systems and the Equitrac products offered by Nuance, there is no financial link between the two companies. Equitrac Systems of Australia was a distributor of rival products, and will be rebranded as Y Soft Australia in the coming period.

“This acquisition presents us with an interesting opportunity to quickly expand our team in the APAC region. This will allow us to maintain a consistent level of quality for the services we offer, despite the significant increase in customers and sales opportunities that we have gained in this region over the past year,” said Vaclav Muchna, CEO of Y Soft Corporation. “We are currently working on integrating the new company into our global organizational structure.”

Until now, Equitrac Systems of Australia was Y Soft Corporation’s competitor in the distribution of print management solutions in Australia. Y Soft is to acquire 100% of the shares of Equitrac Systems of Australia. Y Soft Corporation’s sales revenues for the previous fiscal year were more than 23.5 million USD, and those of Equitrac Systems of Australia totaled more than 9.9 million USD.

The acquisition will mean changes to the former Equitrac Systems of Australia and its customers. As Muchna said, “We’ll start the process by renaming the company, which will now be known as Y Soft Australia. It will be dedicated to the sales, support, and distribution of its parent company’s products, specifically the print systems management solution, YSoft SafeQ, which helps companies reduce costs, improve user convenience, and enhance security. Terms for providing support to customers who wish to stay with their current products will be negotiated with Nuance, producer of the Equitrac solution.”

"It is with the utmost delight that my team and I join Y Soft“ said Phil Heafey, the founder of Equitrac Systems of Australia. "With over 120 years of combined team experience in the output management and cost recover industry, our small team has outperformed many organizations with more manpower and resources. We have focussed on understanding market needs, then appropriate solutions and support levels to the market.  Now we are teamed with Y Soft, with a global labour force, industry  leading R&D and a management team that is highly skilled, motivated and entrepreneurial,  I anticipate Y Soft will become the global leader in the not too distant future."

Milan Fujita, who is responsible for the Asia-Pacific region in Y Soft Corporation’s top-level management team, adds: “Last year we pre-negotiated a number of new deals across the region. Training new staff at an adequate rate is very complex and time consuming, but thanks to this acquisition we have boosted our team with ten people who have long-term experience in our particular field. We hope that this will be received as a positive signal by all our customers, and by our partners in particular.”