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For immediate Release |
January 24, 2007 |
TSC Software Services Inc. is pleased to announce that it has agreed to be acquired by SRB Education Solutions Inc. of Markham, Ontario, with immediate effect.
SRB Education Solutions has served the K-12 education community in Canada for over 25 years, and is the leader in supplying Student and Financial information Systems in Ontario. TSC’s relationship with SRB extends back over 15 years, to an original agreement for TSC to take on the support and further development of the products offered at that time by SRB in Western Canada. SRB is now a subsidiary of Star Municipal Technologies Inc of Kelowna BC.
“This merger brings tremendous benefits to the customers and staff of TSC, as well as further growth opportunities for TSC” said Jeff Dyck, CEO of TSC Software. “In addition to the stability that comes with being part of a larger group of companies, our customers will continue to see a focus exclusively on the requirements of K-12 school districts, while the complementary products of the two companies will bring new opportunities for implementing cost-effective customer solutions. Our customers will continue to deal with the same staff, in the same office and through the same telephone number that they are used to”.
“SRB sees TSC as a key player in the education market in Western Canada. Their strength in British Columbia, Alberta and Saskatchewan will be a great addition to SRB’s dominant market position in Ontario” concurred Steve Thompson, President and CEO of SRB Education Solutions. “TSC has excellent products which SRB is positioned to move into a Canada-wide K-12 market, while the strength of SRB and its parent Star Municipal Technologies Inc will enable new and complementary solutions to be offered to TSC’s customers. In addition, TSC has an important presence in the north-western United States, which can only help our planned expansion into the U.S. market. The fit between the two companies is excellent”.
“SRB Education Solutions represents the cornerstone in Star Municipal’s strategy to build a strong presence in the North American K-12 education sector” added David Burke, CEO of Star Municipal Technologies Inc. “TSC adds a strong Western presence to our growth in the education sector, mirroring the investment and success we already have across Canada in the municipal software sector. SRB and TSC have very similar technology platforms, operating styles and values based on satisfying customer needs. We are very pleased that TSC is coming into the Star family”.
TSC will continue to operate from offices in the Greater Vancouver area, with current staff maintaining their responsibilities. Within a short time the synergies between the two companies will become visible through the complementary skills and products that will be available to the customers of both companies from either the TSC or SRB offices.
For answers to common questions about the acquisition, registered Knowledge Center users may log in and navigate to "About Us > TSC Newsroom > SRB TSC FAQ", or click here.
About TSC Software Services Inc.
TSC Software Services Inc. focuses on providing software solutions and services for the Finance, Human Resources and Payroll application requirements of school districts across Western Canada, and also has K-12 customers in the north-western United States. TSC has been providing services to the education market for over 20 years.
TSC Quick Facts:
| Office location |
Mission, BC |
| Staff |
20 |
| K-12 customers |
45 K-12 customers in British Columbia, Alberta, Saskatchewan and Montana, representing over 1,170 Schools and over 500,000 students |
www.tscsoftware.com
About SRB Education Solutions Inc
SRB Education Solutions has served the education community for over 25 years and is the leader in supplying Student and Financial information Systems in Ontario with over 60 school boards and thousands of schools using their products across the Province.
SRB Quick Facts:
| Office location |
Markham, ON |
| Staff |
68 |
| K-12 customers |
64 K-12 customers in Ontario and Prince Edward Island, representing 3,750 schools and almost 1.5 million students |
www.srbeducationsolutions.com
About Star Municipal Technologies Inc
Star Municipal Technologies Inc is a technology company which focuses on the local government, education and utility sectors, and offers, through its group companies, alternative or complementary software solutions to satisfy customer requirements. Based in Kelowna BC, Star Municipal has invested in excess of $20Million over the past five years in its companies through acquisitions, R&D, product development and market expansion.
www.starmunicipal.com