Equipment rental software supplier inspHire has been acquired by Kerridge Commercial Systems, a supplier of software to wholesalers, merchants and other distribution businesses.
At the same time Kerridge has acquired Current-RMS a supplier of cloud based, fully integrated rental management solutions to the audio visual, production and event industries.
The systems provided by UK based Kerridge are in use with 15,000 companies worldwide and include fully integrated ERP systems comprising of supply chain management, financial accounting, CRM, warehouse, transport management, eCommerce, ePOS and business intelligence. The company says that the two acquisitions will allow it to strengthen its presence in the rental industry and to offer additional functionality to its customer base. As such it has plans to invest significantly in the development of their products, as well as maintaining and supporting them in the future. The team at inspHire says that one benefit is that Kerridge will be able to provide addition support to its expansion in the USA, UK and a number of other European markets.
inspHire will continue to operate as an independent business unit within the Kerridge group, with the same management, same people and the same products. It currently has around 10,000 users and operates from offices in the UK, Australia, the USA and the Netherlands it was owned largely by its managers.
Kerridge chief executive Ian Bendelow said: “The acquisitions of inspHire and Current-RMS deliver a great opportunity for us to strengthen our presence in the hire software market in the UK, as well as developing further global opportunities in this sector. They are both very high quality businesses with offerings that are complementary to our own. We’re looking forward to working with their employees and to welcoming them to our family.”
inspHire managing director and co -owner Graham Dobbs added: “inspHire is the leading rental software provider in the market with aspirations to offer software to a wider rental world. We knew this wouldn’t be easy but was a challenge we welcomed. Joining forces with Kerridge has made that challenge easier to overcome, it already has that global footprint which will accelerate dual growth, plus, our two companies complement each other on many different levels. Our customers can look forward to accessing more features and functions from our combined offerings in the near future. We are all very excited at the opportunities this acquisition brings, and we are looking forward to the future.”