Valsoft Acquires Vertical Software Inc. and Expands its Footprint in the Scale Automation Space
MONTREAL, March 16, 2021 /CNW Telbec/ – Valsoft Corporation Inc. (“Valsoft”), a Montreal-based company specializing in the acquisition and development of industry-specific software businesses, is pleased to announce the successful acquisition of Vertical Software Inc. (“Vertical”).
Founded in 1983, Vertical is a business focused on providing innovative software and scale automation solutions for the grain industry. Since inception, the software suite has been used and operated by over 400 customers and thousands of users in over 30 states.
This marks Valsoft’s third acquisition in the Scale Automation space. In 2017, Valsoft completed the acquisitions of both CIS / SMSTurbo and Aldata Software in the truck scale automation and forestry space, respectively.
“Vertical’s position in the grain industry with “ScaleTrac” and “GrainTrac”, set a Standard of Excellence for Grain Accounting Software. GrainTrac is a premier grain accounting software designed, developed and supported by experts from the grain industry,” said Stephane Manos, co-founder of Valsoft Corporation.
Vertical will continue to operate from its Illinois office and this acquisition will have minimal impact on its day-to-day operations.
“Vertical is incredibly proud of the achievements of their team to date, and in becoming a leading software solution provider company in the grain automation space. We view the acquisition by Valsoft as a very positive step for the business to drive it forward and are excited to see what we can achieve together,” said Patrick Gilroy, CEO – Vertical Software, Inc.