-- ALA Services LLC to serve as investment unit
NAPLES, Florida, May 7, 2015 /PRNewswire/ -- ALA Services LLC (ALA), the investment entity of Arthur L. Allen, founder and former President and CEO of ASG Software Solutions, Inc. announced on May 7, 2015 that ALA is now actively targeting M&A opportunities in the mature software technology space -- with the objective of establishing a new software enterprise company with consolidated revenues of >$500M. According to Arthur Allen, the first acquisitions are targeted to be completed by Q3-2015 followed by a series of additional acquisitions over a period of 4-5 years.
This objective will be accomplished via acquisitions in the software industry of products and companies where cost optimization will increase profitability while improving and growing delivery capacity. Additional synergies will be achieved by consolidating acquired companies into a single enterprise - creating a new brand based on these consolidated products and companies. The combination of the consolidated products and companies along with organic growth will lead to the creation of a highly profitable company.
Arthur Allen has over 40 years of experience in building software technology companies. The growth process will be guided by Allen, complemented by his experienced operational management team. Financial support for the acquisitions will be sourced from a number of private equity firms, banks and debt funds, which have confirmed their interest in financing ALA's growth through acquisition model.
SOURCE ALA Services LLC