FOCUS ON CONTROL TECHNOLOGIES
TAKING CONTROL
Forterro has entered the UK market and expanded its product portfolio by acquiring SaaS MRP / ERP provider , 123 Insight . It explains why to ISMR .
“ With this acquisition , Forterro gains a modern , event-driven local or cloud-based ERP / MRP solution .”
Forterro , a European provider of ERP software solutions to more than 7,000 midmarket manufacturing and production companies , announced the acquisition on 8 July 2021 of UK-based 123 Insight Ltd , a provider of MRP / ERP SaaS solutions for manufacturing companies .
The acquisition of 123 Insight - Forterro ’ s ninth acquisition in Europe since 2011 and its first in the UK - marks an important strategic milestone for Forterro , giving the group its initial footprint in one of Europe ’ s top industrial production markets .
Founded in 2000 as a response to the ‘ fundamental flaws inherent in the traditional ERP / MRP selection and implementation process ’, 123 Insight delivers an out-of-thebox SaaS ERP solution to manufacturing companies of all sizes and types . The system is known for its rich production features , as well as powerful connectivity and pre-built integrations with a variety of accounting solutions . The system also delivers mobile apps for Apple and Android , and a variety of add-on modules including CRM and analytics . The company has received numerous industry accolades for speed of implementation and immediate ROI .
With its portfolio of specialised ERP software solutions and global infrastructure of IP and services , Forterro is a partner to Europe ’ s midmarket manufacturing leaders . Headquartered in London , and backed by the investment of Battery Ventures , Forterro operates product companies that are headquartered in Germany , France , Sweden , Switzerland , Poland and the UK , as well as regional office locations and research and development centres around the world .
Taking the next step
“ We are thrilled to bring 123 Insight ’ s modern product and go-to-market approach into the Forterro group ,” said Dean Forbes , CEO of Forterro . “ Its keen understanding of the challenges which small and midsize manufacturing companies face when selecting and implementing ERP systems , and its forward-thinking ideas around how to minimise the complexities that are often associated with deploying , maintaining and upgrading an ERP system have made it the successful business that it is today .”
Guy Amoroso and Craig Grant , co-founders of 123 Insight , will continue to support the business in the short term , with the backing of their existing management team .
“ 123 Insight experienced one of its strongest years to date last year , despite the impact of the pandemic - further evidencing the strength of our business and technology , as well as the loyalty of our customer base . Having built this business over many years , it feels appropriate to hand over the company in such a strong position to a group that can take it to the next level ,” said Amoroso .
“ Our subscription model has always allowed us to reinvest heavily in software development , delivering a product suitable for all manufacturing types hosted either on-premise or in the cloud ,” said Grant . “ We were looking for a partner who would allow us to continue doing great things for our customers , while providing us with the
expertise , infrastructure and capital we needed to take our new version to market .”
“ With this acquisition , Forterro gains a modern , event-driven local or cloud-based ERP / MRP solution ,” explained Dean Forbes .
“ The potential here is extremely exciting , and our investment is a validation of the product strategy that the 123 Insight team has chosen , as well as the great work that it has done executing on it . I ’ m eager to begin collaborating with the team to develop new growth strategies and determine how those can be amplified by the Forterro ecosystem ,” he concluded . n
40 | sheetmetalplus . com | ISMR July / August 2021