USoft back in Dutch hands!

Following a management buyout with the participation of additional investors, this well-known name is now back in Dutch hands. The new owners have given the company its old name back, and have set the focus on further development of the USoft products and solutions, and on intensifying the partner program.

Ness Technologies (NASDAQ: NSTC) has IT services as its core strategy, with the geographic focus on Central and East Europe. India and the United States. As a result of this strategy, Ness decided to disinvest in Western European countries. The move to sell USoft was thus activated.

USoft technology makes it possible to build data-intensive, transaction based software. The toolkit makes use of Model Driven Architecture, resulting in a short time-to-market. USoft sells its own product, but also has extensive experience in the building of web-based solutions and applications for market segments such as housing associations, healthcare insurers and pension funds. USoft's clients include Achmea, Agentschap NL, Menzis, ONVZ and Vestia.

Patrick Dekker, who together with Egbert Hendriks is acting as investor: "USoft is a strong brand name, and a good product. Now that it can operate as an independent company that is no longer listed on the stock exchange, there is much more flexibility, which offers more freedom to do what they are good at. Namely, the development of the USoft product, and building applications and solutions." The decision to return to the old name, USoft, was a swift one according to Dekker: "Ness Technologies is not well-known in the field of application development, whereas USoft has always been, and is, renowned in this field."

"USoft is back", rejoices Crétien Jung, for the last ten years director of Ness Benelux B.V. Jung is delighted with the arrival of the new investors for a two main reasons: "In the first place, the new co-owners have a genuine interest in us, and secondly we can do what we feel is best again. Compared with the last few years, we will be following a new strategy. Under Ness Technologies, the focus was on the provision of IT services. We will now focus again on the marketing of USoft technology and the building of applications and solutions. We are also going to extend our partner program, and HintTech can be named as the first new partner."

Dekker has complete confidence in USoft: "Even in the recent turbulent period, the business as proved to be a stable, profitable enterprise. There is a huge amount of expertise available, and people with years of experience. And last but not least, the USoft product, thanks to intensive product development, is still a state-of-the-art-product."