Change in Ownership Reinforces Focus on Midmarket ERP for Industrial Companies

CAMBON D’ALBI, FRANCE, May 11, 2016—Forterro, a group of European ERP software and services companies, today announced that it has acquired privately-held Sylob, a leading supplier of ERP software for small to midmarket manufacturers of industrial products in France. The details of the transaction were not disclosed.

Forterro also operates the Swedish ERP software company Jeeves and the Swiss ERP software company SolvAxis. “Sylob’s strong brand and loyal and growing customer base are both testaments to the high caliber of products, people and operations we have added to Forterro,” said Scott Malia, COO of Forterro. “We couldn’t be more thrilled to partner with Sylob, and believe the company is a perfect fit within our portfolio of market-leading, specialized ERP products.”

Jean-Marie Vigroux, Founder and President of Sylob Holding, and Sylvie Castres, President of Sylob SAS, will continue managing the business with the support of their existing management team. “Both Forterro and Sylob are taking a long-term view on the partnership,” said Vigroux. “From the start, we already have strong alignment with Forterro’s beliefs on the ERP software market and approach to managing product roadmaps and customer relationships. But we will take our time to collaborate and find the synergies. Our first priority is always to continue taking care of our customers.”

ABOUT SYLOB

Since 1991, Sylob has developed and implemented ERP software solutions exclusively for industrial SMEs in France. Sylob serves an active community of users across a wide range of industries, including aerospace and defense, automotive, electronics, industrial machinery, plastics, and jewelry. The company’s product and service offerings, developed in close collaboration with its growing customer base, have been designed to meet the process requirements and technology standards of small and midmarket manufacturers. For more information, visit www.sylob.com.

ABOUT FORTERRO

Forterro is a group of companies that deliver ERP software to SMEs in specialized geographical or vertical markets. Backed by the investment of Battery Ventures, Forterro operates business units in Sweden, Switzerland and France, as well as regional office locations and research and development centers around the world. Through its ever-growing ecosystem of IP and capital, Forterro collaborates with local management teams to strengthen the solution offerings and operational performance of its portfolio companies. For more information, visit www.forterro.com.

Date: Thursday, May 12, 2016

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