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Vertical Computer Systems acquires 90% stake in Priority Time Systems

Jun 24, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Vertical Computer Systems (VCSY)

Vertical Computer Systems, Inc. has acquired a 90% stake in Priority Time Systems, Inc., a provider of time and attendance software, from Mark Arredondo.

Vertical Computer Systems is a US-based provider of administrative software, internet core technologies, and derivative software application products. 

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-06-23

Deal Participants 

Target (Company)   Priority Time Systems, Inc.
Acquirer (Company) Vertical Computer Systems, Inc.

Deal Rationale

Priority Time Systems' time and attendance product is complementarty to emPath, the payroll and human resources product of NOW Solutions, a subsidiary of Vertical Computer Systems. 

% Acquisition 90%

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Vertical Computer Systems (VCSY)


Related terms: acquisition, computer, human resources, internet, products, software, technology

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