In the last three years, Open Systems changed its named to Open Systems Adaptable Solutions, whose acronym still yields OSAS, which has stood for Open Systems Accounting Software. Based in Shakopee, Minn., Open Systems was founded in 1976 by legendary investor Ann Winblad and three co-workers who sold it six years later, according to a Wikipedia entry. The company was acquired by its current CEO Michael Bertini, who moved from Australia to run it. For many years, Bertini was very visible and flamboyant. At the one company conference, I attended in Minneapolis, he took more than 200 attendees to dinner at a restuarant he owned at the time. But sometime after (or before) he achieved a PhD, he went dark. Once someone who routinely answered emails, he and his management team clammed up. Historically, Open Systems had the source-code-based OSAS and the Windows-based Traverse. This century, it had worked to expand by buying or seeking to buy no- or low-growth vendors, such as SouthWare Innovations in 2016. That same year, It picked up Process Pro.
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APTEAN BUYS OPEN SYSTEMS Featured
Aptean has acquired one of the oldest companies in the mid-market ERP space, Open Systems. Terms were not disclosed.
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