Orchard acquires asset management specialist, in4systems Limited
Published by Craig Tither for Orchard Information Systems in Housing and also in Communities
From left to right: John Doughty, Sales and Marketing Director, Orchard; John Buckland, Director, in4systems and Alison Davis, Operations Director, Orchard.
Orchard, the largest independent supplier of specialist software solutions to the Public and Social Housing sectors, is delighted to announce that it has acquired the entire business of in4systems Limited, a leading supplier of asset management solutions to the housing sector.
Wokingham based in4systems is best known for its Promaster product which is used by some of the largest housing providers in the UK and consists of 16 modules which comprehensively meet the functional requirements of Asset Management.
With annual revenues of £14.3m last year and overall growth of over 29% in the last 3 years, Orchard was able to fund the acquisition and subsequent investment entirely out of its own cash reserves. Further investment in additional people, alongside the acquisition of in4systems will bring total staff numbers to 185.
Alison Davis, Orchard’s Operations Director comments “The acquisition of in4systems supports our continuing growth strategy and further cements our position as the UK’s leading independent provider of ICT solutions to the public and social housing sectors. It provides a further significant extension to our broad range of solutions for housing providers and we intend to make a substantial investment in the business which will result in additional jobs being created.”
John Buckland, Director, in4systems says “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 organisations and we were impressed by the high level of effort Orchard puts into relationships with its customers. We felt that, as a financially strong company, Orchard is well placed to make the investment that will deliver the enhanced functionality that our customers will need in the future.”
John Doughty, Orchard’s Sales and Marketing Director commented “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 solution and other asset management solutions such as Keystone. Equally, we are committed to ensuring that Promaster offers high levels of integration with other housing management systems.”
This is the second acquisition that Orchard has completed in recent years, having completed the acquisition of performance management specialist Applaud in 2011. Peter Hunt, Orchard’s Executive Chairman commented “We are continuing to look at potential acquisitions like in4systems that will enable us to offer further choice and value to our customers. We are delighted to welcome in4systems’ customers to the Orchard customer community and look forward to unveiling our investment plans moving forward.”
Date: August 2013
Orchard is the largest independent supplier of ICT solutions to the housing sector. It has a broad range of software solutions for housing providers, which includes Housing Management, Financial Management, CRM, BPM, Information Management and Corporate Performance Management.
As an independent company, Orchard is not accountable to external financiers or institutional shareholders - this means that it can freely re-invest profits into their portfolio of solutions. It has a strong track record of making significant investments in its business which has resulted in many new products and enhancements to existing products and services. It has also invested in its human resources resulting in significant increases in staff numbers in each of the last 3 years.
Orchard also enjoys a unique relationship with its customers. Orchard believes that good relationships are paramount and it invests a significant amount of effort in ensuring customer satisfaction. With core values of honesty and integrity in all of its business dealings, coupled with an ethos of putting customer’s interests first, Orchard’s customers find that they are easy people to work with.
In 1986 the Promaster team began writing what is now the most comprehensive asset management system on the market today - Promaster.
Combining the skills of our its own team of Systems Analysts, Programmers and Property Professionals, in4systems created a system with functions instantly recognisable by Promaster users as having been tailored to their needs.
Spending over 100 person years on development in4systems now has the most feature rich Asset Management tool available today.
Contact: Donna King, Marketing and Events Team Leader
Orchard Information Systems Limited
Newcastle Technopole, Kings Manor, Newcastle upon Tyne, NE1 6PA
Tel: +44 (0) 191 203 2500