ATLANTA -- Visiprise Inc. and
HMS Software Inc.
will merge operations, forming
a manufacturing software environment provider with more than 270 employees and more than
200 customers.
The merged company will retain the Visiprise name and will be run by Visiprise CEO Sean McCloskey.
The transaction is
scheduled to close in November and includes $32 million of
new financing led by
Investor Growth Capital and
Westbury Partners.
McCloskey said, “Visiprise’s roots stem
from the high-volume electronics industry. Manufacturers will be using our
solutions to build everything from thousands of circuit boards to
complex jet engines. In addition, the revenue and customer scale
enhances our partnerships with
SAP and
UGS.”
HMS Software president and cofounder Alex Houtzeel will join the Visiprise
board of directors, and with Rob
McNiff will jointly run the aerospace and defense business unit.