The Haarlem, Holland-based outfit was founded in 1997 and offers software for commodities management, with a focus on physical commodities such as base metals, steel products, semi finished products or scrap products. Its customer base is mostly situated in Europe and the US.
Brady on the other hand is based in Cambridge, UK, and is listed on London Stock Exchange. Like Tradesoft, it also offers software solutions for commodity traders, and it intends to incorporate the Tradesoft offerings into its own product portfolio. The acquisition, which is not expected to have any material impact on Brady’s profits in 2005, is due to be completed by the end of June.
Brady also reiterated comments made at its AGM that sales for its office software Trinity will be weighted towards the second half of the year.
Whilst the group is disappointed not to have made a major Trinity sale in the first half, the group’s sales pipeline remains its most extensive to date, it added in a statement.
