Servelec is pleased to announce the acquisition of Target eSolutions Holdings Limited which trades as Abacus eSolutions. From 5th May 2016, Target eSolutions will become Servelec Abacus Ltd and will trade under the Servelec Corelogic brand.
Servelec’s product, Mosaic, is the leading case management software suite in social care and already features substantial finance functionality. The Abacus product suite brings additional functionality such as debt management as well as allowing care providers to manage their own billing and payment online. The combination of Mosaic and the Abacus product suite further enriches Servelec’s offering.
Over the years Abacus has built up a market-leading product suite and a broad customer base. As part of a larger technology group the Abacus product will move into the next phase of its development.
Through the acquisition of Corelogic in late 2014 and the subsequent acquisition of the Synergy product suite earlier this year, Servelec is building the strongest end-to-end offering currently available to Education and Social Care practitioners in Local Government. Bringing the Abacus suite into that portfolio alongside the existing finance functionality already available in the Mosaic case management software strengthens Servelec’s overall proposition.
Whilst it will now be part of a broader portfolio with all the opportunities for wider integration that may bring, Abacus will continue to exist and be supported as a standalone product.
The combined business will offer customers a ‘best of breed’ product, flexible solutions and tools to meet your needs.
Garry McCord, CEO of Servelec Corelogic said:
"I am delighted to be able to announce this acquisition for Servelec Corelogic. We continue to effectively strengthen our market position and broaden our product portfolio to capitalise on the trend toward converged care and increase our ability to deliver against this key government agenda. This particular acquisition reiterates our commitment to building the market leading product suite in the social care market, following the recent acquisition of Synergy.”
For further enquiries, please contact:
Garry McCord, CEO Servelec Corelogic
+44 (0) 1246 437 400
Division: Servelec HSC
Category: Group, Health & Social Care, Corelogic, Abacus, Acquisition