Maas High Tech Software GmbH company merger with OXSEED AG is effective on January 1, 2009
Maas High Tech Software GmbH merges with OXSEED AG on January 1, 2009
Filderstadt, December 19, 2008
Effective on January 1, 2009, the company Maas High Tech Software GmbH will merge with the OXSEED Corporation and do business under the name OXSEED AG. The company resulting from the merger will work with 70 employees to develop custom and requirements-based “business process” and “output management” solutions for the national and international market.
The company merger is yet another step of the OXSEED AG to strengthen its positioning in the international market and to react to the massive changes in the enterprise software market. As soon as 2006, the founding year of OXSEED AG, the company’s attention was focused on “SaaS”: Software as a Service. OXSEED achieved a breakthrough in the national market and enduring success with the innovative and alternative business model not for selling IT systems but, instead, for leasing software to customers in return for low-cost, usage-based payments.
Due to the growth resulting from the merger, the company will be able to act as a supplier of software solutions for “business process management” and “output management” in its aim to continue this success story on the international markets.
“By merging our companies, we combine about 25 years of experience in the development of custom and standard software with the strategy and positioning of OXSEED AG, the supplier of ‘On-Demand’ solutions and ‘SaaS’ pioneer”, says Wolfgang Maas, founder and managing director of Maas High Tech Software GmbH and member of the board of directors at OXSEED AG.
“Within OXSEED AG, we will offer our expertise in custom project solutions under the focus ‘Custom Solutions’, adds Marcus Hartmann, Member of Board of Directors of OXSEED AG, “We desire to make the opportunities of the SOA-based OXSEED architecture and our experience in developing this promising solution available to our long-time project customers.”
The transformation solution AFP2web® of Maas High Tech Software GmbH is integral part of the OXSEED product range. The AFP2web® product technology and the associated project competence will be offered by the company under the focus ‘Output Solutions’.
The new company will operate in both German locations Bielefeld and Filderstadt. Together with the employees in the development locations India, Poland, and Ukraine, the merger will create a company with more than 70 employees. Together with 50 partners, OXSEED supports more than 230 customers.