Forterro enters UK market and expands product portfolio
Acquisition of SaaS MRP/ERP provider 123 Insight marks an important strategic milestone
Forterro, a European provider of ERP software solutions to more than 7,000 midmarket manufacturing and production companies, has announced its acquisition of UK-based 123 Insight Ltd, a provider of MRP/ERP SaaS solutions for manufacturing companies of all sizes.
The acquisition of 123 Insight, Forterro’s ninth in Europe since 2011 and first in the UK marks the group’s initial footprint in one of Europe’s top industrial production markets.
“We are thrilled to bring 123 Insight’s modern product and go-to-market approach into the Forterro group,” said Dean Forbes, CEO of Forterro. “Their keen understanding of the challenges small and midsize manufacturing companies face when selecting and implementing ERP systems, and their forward-thinking ideas around how to minimise the complexities that are often associated deploying, maintaining, and upgrading an ERP system have made them the successful business they are today.”
Guy Amoroso and Craig Grant, co-founders of 123 Insight, will continue to support the business in the short-term, with the backing of their existing management team. “123 Insight experienced one of its strongest years to date last year despite the impact of the pandemic, further evidencing the strength of our business and technology as well as the loyalty of our customer base. Having built this business over many years, it feels appropriate to hand over the company in such a strong position to a group that can take it to the next level,” says Guy Amoroso.
“Our subscription model has always allowed us to reinvest heavily in software development, delivering a product suitable for all manufacturing types hosted either on-premise or in the cloud,” says Craig Grant. “We were looking for a partner who would allow us to continue doing great things for our customers, while providing us with the know-how, infrastructure, and capital we needed to take our new version to market.”
“With this acquisition, Forterro gains a modern, event-driven local or cloud-based ERP/MRP solution,” continues Dean Forbes. “The potential here is extremely exciting, and our investment is a validation of product strategy the 123 Insight team has chosen, as well as the great work they have done executing on it. I’m eager to begin collaborating with them to develop new growth strategies and determine how those can be amplified by the Forterro ecosystem.”
Founded in 2000 as a response to the fundamental flaws inherent in the traditional ERP/MRP selection and implementation process, 123 Insight delivers an out-of-the-box SaaS ERP solution to manufacturing companies of all sizes and types. The system is known for its rich production features, as well as powerful connectivity and pre-built integrations with a variety of best-of-breed accounting solutions. The system also delivers mobile apps for Apple and Android, and a variety of add-on modules including CRM and analytics. The company has received numerous industry accolades for both speed of implementation and the immediate ROI. For more information, visit www.123insight.com.
With its portfolio of specialised ERP software solutions and global infrastructure of IP and services, Forterro is a partner to Europe’s midmarket manufacturing leaders. Headquartered in London, and backed by the investment of Battery Ventures, Forterro operates product companies that are headquartered in Germany, France, Sweden, Switzerland, Poland and the UK, as well as regional office locations and research and development centers around the world. For more information, visit www.forterro.com.
123 Insight Ltd
Tel: 01489 8560851
CGTech celebrates 30-year milestone
CGTech, the developer of VERICUT® software, is proud to celebrate three decades of innovation and consistent growth. Headquartered in Irvine, California, with 10 wholly-owned subsidiaries and an extensive network of resellers to support customers worldwide, the company is releasing new CNC simulation and optimisation technologies faster than ever before.
“CGTech may have started 30 years ago, but we continue coming out with new products while enhancing our core capabilities,” says CGTech Ltd. managing director Tony Shrewsbury. “VERICUT development is driven by our customers’ needs, and we always encourage input from users and partners. We host nearly 50 free VERICUT user group meetings worldwide each year to gather valuable customer feedback.”
CGTech began when president Jon Prun recognised a need to verify NC tool path programs without wasting valuable CNC machining time on a prove-out part. VERICUT software was the world’s first widely available, productive method to test NC machine tool paths in an offline virtual reality environment. VERICUT revolutionised NC program verification by simulating material removal using a three-dimensional solid model.
VERICUT products are developed in-house by a large team of CGTech software engineers who have many years of experience in the mechanical CAD/CAM industry. Over time, enhancements have been added to support complex multi-axis kinematics, reduce machine tool cycle times, increase tool life, and simulate the additive capabilities of hybrid CNC machines. CGTech also develops several software products for companies utilising automated composite machinery, along with drilling and fastening machines used for airframe assembly.
The company has been on a hiring spree in recent years to keep up with the demands of its customers, which consists of thousands of companies in virtually every manufacturing industry and every major aerospace and automotive company. Direct offices are located in the United Kingdom, France, Germany, Italy, Japan, China, Singapore, India, Brazil, and Korea.
CGTech’s VERICUT software is the standard for CNC simulation, verification, optimisation, analysis, and additive manufacturing. CGTech also offers programming and simulation software for composites automated fibre-placement, tape-laying, and drilling/fastening CNC machines. VERICUT software is used by companies of different sizes in all industries. Established in 1988, and headquartered in Irvine, California; CGTech has an extensive network of offices and resellers throughout the world.
Unison Ltd and Pneuform Machines Ltd announce joint venture
Joint venture will strengthen portfolio, build scale and accelerate growth
Unison Ltd, which manufactures tube bending machines and simulation software, announces that it has entered a joint venture with Pneuform Machines Ltd leading to full integration within the Unison family of companies joining Yorkshire CNC and Ingenium Integration.
The joint venture will strengthen Unison’s portfolio adding a range of small diameter tube and wire bending machines.
“Unison Ltd is excited about our joint business venture with wire and tube bending specialists Pneuform, who have been firmly established in the tube bending industry for over 50 years. The partnership will see new product lines added to our product portfolio which already houses the world’s largest range of all electric tube bending machinery and sits a alongside our Evbend range of machines. Pneuform are the perfect fit for Unison, adding a wealth of experience and engineering expertise, given their deep-rooted history. The Pneuform product range fits perfectly into the Unison tube bending range due to their commitment to robust and reliable machinery, delivering high-performance at a cost-effective price. Unison Ltd is committed to delivering the same high level of service and industry expertise Pneuform’s clients have grown to expect over the past 50+ years. Together, we can be much stronger and add considerable value to the tube bending sector/all market sectors we operate in,” says Alan Pickering, joint managing director at Unison Ltd.
“Pneuform are excited that the joint venture will enhance the marketing and the technical development of the range of machines it produces,” says Trevor Clark, managing director of Pneuform Machines Ltd. “The Pneuform range will be supported jointly by Unison and Pneuform. The joint venture will secure future ongoing support for existing customers and provide confidence that the bending machines will continue to be developed, supported and marketed into the long-term future”.
For more than forty years, Unison Ltd has been manufacturing tube bending machines working with our customers to design and build some of the most cutting-edge tube bending technology available on the global marketplace today. We push technical boundaries whether this is in the manufacture of the world’s largest all-electric tube bending machine, or an integrated software solution has rewarded us with a global reputation for solving the most challenging customer problems.
Pneuform was founded in the mid-1960s, concentrating its efforts on the design, development and manufacture of pneumatic and hydraulic tube and wire bending machines. Pneuform produce wire bending machines in both 2- and 3-axis models that cover a range of wires from 2 mm (0.08″) to 16 mm (0.63”). Pneuform also produces a range of tube machines that have been developed for specific industries. The 2-axis bending machine will produce serpentines, coils and spirals with either a static flat table for smaller parts or with an integrated 3-axis table to support large parts. The 3-axis bending machine provides the versatility to produce a variety of shapes.