Archive | May, 2012

Linxworks Solutions Acquires Point 2 Heavy Equipment Software Division from Yardi

8 May

On May 1, 2012, Linxworks Solutions, LLC announced its acquisition of the Point2 Heavy Equipment inventory management and online marketing business assets, including the Point2 Manager Web application, and the UsedIron.com online marketplace. Linxworks is focused on integrating software development, business process efficiency, marketing and IT infrastructure solutions to simplify the customer experience and increase sales revenue for our clients.

“Linxworks is a company with deep information technology expertise, great talent and innovative ideas. This will ensure that our long-time Point2 Heavy Equipment solutions customers will continue to lead the industry and remain on the cutting edge,” said Saul Klein, senior vice president, Point2, Yardi Systems Inc. “The strategic fit for our heavy equipment business and Linxworks was perfect and sets our customers to benefit greatly.”

“Acquiring the Point2 heavy equipment business presents a significant opportunity for our company and to existing Point2 customers,” said Linxworks owner, Nik Jerath. “We look forward to implementing many exciting ideas to support and grow our customers’ businesses.”

Linxworks’ acquisition of the Point2 Heavy Equipment business and technology assets is beneficial to all of our stakeholders, as it allows Linxworks to build upon an extremely powerful set of tools, with new ideas that will help to shape the future of the heavy machinery industry. We plan to nurture and build the software to further increase functionality, effectiveness and efficiency for all our users.

Amongst many planned innovations, the acquisition will bring about a number of key enhancements set to take place in the near term and over the coming year, including:

•             Mobility – An upcoming implementation will enable users to access their Manager system through state of the art mobile applications, on all key platforms.

•             Manager Website Upgrade – A whole new look, increased efficiency and functionality.

•             Enhanced Tools – A new, inspector-friendly inspection process.

Linxworks is committed to ensuring a virtually seamless transition for our customers.  In order to achieve this objective, Linxworks has, as part of its plan, retained the services of long time Point2 heavy equipment business professionals Eve Marshall and Mark Fuller. Both key associates will join the Linxworks Solutions family as part of the acquisition, and will maintain their current roles and responsibilities as part of the organization. In addition, Nisha Jerath will be working with Eve and Mark, serving as chief operating officer of Linxworks Solutions.

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