FrontRange Solutions has acquired Centennial Software, a recognised market leader in dynamic infrastructure management products, including auto-discovery, inventory management and license management solutions. Centennial supports more than 3 200 customers worldwide and has more than 200 partners across the globe.
“We've seen a growing trend of service desk customers selecting ITAM tools based on their satisfaction with the service and support from the service desk vendor, and on the functionality of the service desk product, with an eye toward the potential benefits to be derived from a suite-based solution," says Patricia Adams, Gartner Research director.
“Having an accurate idea of what hardware and software is installed in the environment is a necessity to being able to manage it. Essentially, if you don't know what is installed, then it is impossible to keep track of or manage it.”
FrontRange Solutions, with demonstrable revenue growth of over 35% over the prior fiscal year, will utilise Centennial to strengthen its portfolio of products by adding its award-winning discovery, asset management, license management and end-point security products.
“FrontRange and Centennial both offer industry leading, best-of-breed products and solutions," says Michael McCloskey, CEO of FrontRange Solutions. "By combining our complementary products and technologies, we will be able to provide the most comprehensive, end-to-end IT solutions in the market today, while delivering unparalleled value to our customers.
"With our more than 10 000 IT customers, over 400 partners and market-leading portfolio of products, we are excited about beginning our new fiscal year with the addition of Centennial to our strategy. I’m confident FrontRange customers and partners will see this as a natural evolution of our product and company strategy."
McCloskey adds: “Combined with such obvious synergies in our go-to-market strategies, customer base, geographic presence, and solution focus, the acquisition is entirely logical and provides an ideal outcome for both companies. This acquisition is a reflection of our commitment to global markets, and will further strengthen our international revenues, which already approach half of our total revenues today.”
Paul Bornhutter, product manager for Africa at FrontRange Solutions, comments: “This acquisition is good news to our customer base, as they will have access to technology that will complement what they already have from FrontRange. Making their businesses even more competitive."
Andy Burton, CEO of Centennial Software, adds: “By joining forces with FrontRange, our customers and partners will be able to realise additional value from their existing investments by accessing a wider portfolio of market-leading solutions designed to help them manage IT operations more effectively.
"Having the support of the wider FrontRange organisation will also help Centennial build on its strong performance in the UK and European regions by accelerating its growth in key markets such as North America and Asia-Pacific.”
Centennial flagship brands include Centennial Discovery, Centennial License Manager and Centennial DeviceWall. Centennial Software sells its products primarily through a global network of reseller and OEM partners, including managed service providers.