Solarsoft Completes Acquisition of VantagePoint Systems


LONDON, January 24 /PRNewswire/ --     Solarsoft Business Systems announced today that it has completed the
acquisition of VantagePoint Systems, the leading supplier of specialist
manufacturing software to the global packaging industry.

Shawn McMorran, CEO of Solarsoft, comments, "We are delighted to have
VantagePoint and its exceptional products and people as part of Solarsoft.
This acquisition reflects our continuing commitment to investment in industry
leading ERP systems that add clear value to customers within well-defined
strategic markets. James Hennings and his team will continue to lead
VantagePoint and I am looking forward to working together to leverage our
combined strengths in products, sales and customer service."

Solarsoft's acquisition was completed on schedule with the full support
of VantagePoint's senior management and was backed by the overwhelming
majority of shareholders. VantagePoint and its affiliates will become private
operating subsidiaries within the Solarsoft group.

James Hennings, adds: "We are very excited about becoming part of
Solarsoft's growing presence in the ERP marketplace. As a division of
Solarsoft, we will continue to focus on delivering class leading software and
services to our customers and to the worldwide packaging industry. This
combination will make us a stronger business and will greatly benefit our
current and future customers."

About Solarsoft Business Systems

Solarsoft provides modern enterprise software and IT services to
manufacturers, distributors and wholesalers in North America, Europe and
Asia. Over 1,500 companies rely on Solarsoft systems to bring clarity and
efficiency to their business operations. Solarsoft has 25 years experience
solving problems in accounting, finance, inventory control, warehouse
management, e-commerce, logistics and manufacturing resource planning.
Solarsoft serves customers from offices across North America, Europe and
Asia.

About VantagePoint Systems, Inc.

VantagePoint software makes packaging businesses more competitive by
maximizing plant and worker efficiency, by improving profitability and by
increasing customer satisfaction. VantagePoint has been developing systems
for packaging companies for over 10 years. Software from VantagePoint and its
subsidiary HRMS has been implemented in over 700 packaging plants to address
the entire spectrum of packaging manufacturing including corrugated
packaging, folding cartons, retail displays, food and beverage packaging and
labels.

For further information, see the web sites at:

http://www.solarsoft.com and http://www.vpgroup.com or contact:

(c) 2008 Solarsoft Business Systems Limited. All Rights Reserved.

Solarsoft Business Systems

    Steven Hargreaves
    Tel: +44(0)8447-700-900 ext 5566
    Email: steven.hargreaves@solarsoft.com

    VantagePoint Systems, Inc.
    James Hennings
    Tel: +1-604-685-4209 x256
    Email: jim.hennings@vpgroup.com

© PR Newswire Association LLC.

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