All Press Releases for May 09, 2012

Coastal Range Systems and Projectline Solutions Agree on Merger Becoming Largest SAP Business One Reseller in Canada

Encaptis will continue to provide innovative and leading business management solutions to growing companies across Canada



    VANCOUVER, BC, May 09, 2012 /24-7PressRelease/ -- The directors of both Coastal Range Systems Inc., headquartered in Burnaby BC, and ProjectLine Solutions Inc. of Saskatoon SK, have unanimously agreed on the intention to merge their operations into a common entity under the Encaptis (www.encaptis.com) name by June 30th, 2012. The two companies initially entered into an affiliation agreement in February 2010 under "The Encaptis Group". As the companies have grown together, with increasingly shared resources and standards, it became more and more obvious that a merger would be advantageous to all stakeholders.

Encaptis is emerging from companies that both enjoy positions of financial strength and operational growth. The new company will have broader geographic coverage that includes operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and parts of the United States.

Encaptis will continue to specialize in enterprise resource planning (ERP) solutions from SAP (SAP Business One) and Microsoft, (Microsoft Dynamics AX). Encaptis will enjoy a clear leadership position as the Value Added Reseller (VAR) with the largest SAP Business One revenues and customer base in Canada. Being able to better serve current and future customers with more diverse extended services, and stronger resources Encaptis remains committed to a mission of providing best in class business management solutions to their clients. The partnership will enable Encaptis to deliver ERP solution offerings either on premise or in the cloud.

"We are very excited to enter Encaptis with one of the founding organizations, Coastal Range Systems. This merger will truly position us to quickly move forward in pursuit of our strategic objectives as we add value for customers, employees and the shareholders. This will be achieved through the extension of our geography served, increased scope of services we offer with greater depth of experience, and the significantly increased number of industries we can serve across all regions," said Stephen Loyd, President and CEO of Coastal Range, who will act in the same capacity within Encaptis. "The talents that each of the founding companies bring will enable us to realize our synergies through substantial expansion of our revenues and increased profitability. The shared cultures and values of the founding groups combined with common supported technologies and standards enable a quick win for us as we advance in our future together."

"The merger of our organizations brings an unparalleled strength to this market. By combining forces we will offer a broader and more scalable line of products and services," said Darrell McClarty, President & CEO of ProjectLine Solutions. "This expanded portfolio that includes business management systems, application development and integration, and cloud-based services will not only meet the needs of ProjectLine's current customers who are operating in Canada's fastest growing economies, but also our combined customer base."

Current senior management from Coastal Range and ProjectLine will form the Encaptis leadership team.

Coastal Range Systems Inc. is an SAP gold channel partner authorized to resell the SAP Business One application. Providing business and software solutions that provide clarity into business, Coastal Range Systems provides technology that allows customers to see and understand every aspect of their project or business, quickly and easily. Visibility gives businesses the ability to react quickly to new information, and even to see the trends that show where their business is headed. Day-to-day, Coastal Range Systems' specifically tailored, comprehensive solutions make for an efficient working environment that is easy to understand and manage.

ProjectLine Solutions specializes in the implementation and support of software systems that improve business performance. As an SAP gold channel partner that has been in business since 2001, ProjectLine has provided clients in Canada and the United States with world-class software solutions and business consulting services that have enabled them to grow their businesses and be more profitable in today's competitive business market.

Encaptis (www.encaptis.com) enables businesses to become more efficient, more productive, and more profitable by providing best-in-class business management software and related services. These solutions give customers increased visibility that allows them to react quickly to new information, and see the trends that show where their business is headed.

Encaptis includes business consultants offering extensive technology and industry experience with leading solutions including SAP Business One and Microsoft Dynamics AX. Focused on working with companies to create solutions that tightly mesh with their business, Encaptis improves business management, resulting in enhanced quality and streamlined decision making.

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Joanna Rossi
Encaptis
Burnaby, British Columbia
Canada
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