For Immediate Release – March 24th, 2014
Anania & Associates Investment Company LLC is pleased to announce the acquisition of its ninth portfolio company, Synergistic Software Solutions LLC.
Synergistic Software Solution LLC is the software development firm behind JobOps® – Job Management Software. The company has seven employees and is based out of Edina, Minnesota.
About JobOps® – Job Management Software
JobOps® is a comprehensive software solution that integrates with the award winning Sage 100 ERP system. JobOps® gives users the power to have precise activity based costing information in real time and at their fingertips. This gives companies, using the software, the ability to produce more accurate estimates instantaneously.
The software also reduces sales, general and administrative expense by reducing redundancies by linking together sales, accounting and production. JobOps® automates production processes by automatically creating work tickets when inventory levels are low.
Another innovative way JobOps® helps manufacturers is by automating purchasing processes. The software analyzes inventory and will automatically generate purchase orders according to parameters set by the user.
The Partnership between Anania & Associates Investment Company LLC and Synergistic Software Solutions LLC
Anania & Associates Investment Co. (“AAI”) is a hands on private equity firm that provides administrative services, such as accounting, payroll, HR, IT, as well as management services. This will allow Synergistic Software Solutions to concentrate on developing and promoting the products that make them unique.
Peter Anania, President and Founder of Anania & Associates Investment Company, comments on the acquisition:
“AAI owns eight other companies seven of which are manufacturers. This understanding of manufacturing and access to feedback direct from the manufacturing floor makes for a great synergy, sharing of resources, and understanding between AAI and Synergistic.”
Mr. Anania will be working closely with the Synergistic Software Solutions management team providing insights from his experience operating similar firms.