IT service management provider FrontRange Solutions has acquired Centennial Software, creating a company with a combined customer base of more than 10,000 and over 400 partners worldwide.
As both companies are privately owned no financial details were disclosed but FrontRange claims it has enjoyed revenue growth of more than 35 per cent over the previous fiscal year.
The company plans to utilise Centennial Software to strengthen its portfolio of products by adding its discovery, asset management, license management and end-point security solutions.
Centennial Software, a provider of infrastructure management products has more than 3,200 customers and 200 partners worldwide.
FrontRange Solutions CEO, Michael McCloskey, said the acquisition is a natural evolution of its product and company strategy.
"FrontRange and Centennial both offer industry leading, best-of-breed products and solutions," he said.
"By combining our complementary products and technologies, we will be able to provide the most comprehensive, end-to-end IT solutions in the market today, while delivering unparalleled value to our customers.
"With our more than 10,000 IT customers, over 400 partners and market-leading portfolio of products, we are excited about beginning our new fiscal year with the addition of Centennial to our strategy."
McCloskey said the two companies had obvious synergies in its go-to-market strategies, customer base, geographic presence, and solution focus.
He said the acquisition is entirely logical and provides an ideal outcome for both companies.
"This acquisition is a reflection of our commitment to global markets, and will further strengthen our international revenues, which already approach half of our total revenues today," he said.
Centennial Software CEO, Andy Burton, said by joining forces with FrontRange customers and partners will be able to realise additional value from their existing investments by accessing a wider portfolio of solutions designed to help them manage IT operations more effectively.
"Having the support of the wider FrontRange organisation will also help Centennial build on its strong performance in the UK and European regions by accelerating its growth in key markets such as North America and APAC," Burton added.
Gartner research director, Patricia Adams, said there is a growing trend of service desk customers selecting ITAM tools based on their satisfaction with the support from the service desk vendor, and on the functionality of the service desk product.
Adams said this is done with an eye toward the potential benefits to be derived from a suite-based solution.
"Having an accurate idea of what hardware and software is installed in the environment is a necessity to being able to manage it," she said.
"Essentially, if you don't know what is installed, then it is impossible to keep track of or manage it."