
UK software company
buys Astech
A U.K. based marketing
software developer purchased Astech InterMedia.
SmartFocus said it bought
Denver-based Astech following a five-year business relationship. SmartFocus said
it will add more than 200 Astech users to its client list.
“The acquisition of Astech
InterMedia presents SmartFocus with a tremendous opportunity to grow our
business in the U.S. market, take a leadership position internationally in a key
market segment and continue to build our position within the multichannel
marketing technology market,” said Chris Underhill, SmartFocus’ chief executive
officer
Astech will continue to
operate out of its Denver headquarters and Tom Ratkovich will continue to serve
as Astech’s president.
The transaction’s financial
terms weren’t disclosed.