Monday, August 1, 2022
Compusoft + 2020 acquire RFMS and strengthens its position in the flooring industry. One of the leading providers of end-to-end software and content solutions to the spaces for living industry, Compusoft + 2020, has recently completed the acquisition of Resource and Financial Management Systems Inc. (“RFMS”), business management software provider serving the flooring market.
RFMS provides an extensive range of solutions dedicated to the flooring industry including ERP, CRM, measuring & estimating applications and payments. The software suite is enhanced by industry-tailored training and customer service. The acquisition expands Compusoft + 2020’s coverage of the spaces for the living ecosystem.
Establishing a leading presence in the North American flooring market is highly strategic and complementary to the existing solution suite, which caters to the kitchen & bath, furniture and windows, doors & glass industries. RFMS together with Compusoft + 2020 will benefit from a global footprint and scaled expertise in product, R&D, go-to-market and customer success to ensure all customers receive a best-in-class offering with innovative products and dedicated service. The combined company will be ideally positioned to be the reference end-to-end platform dedicated to the flooring industry, globally. RFMS will continue to operate under the leadership of Madeleine Bayless, RFMS CEO and Rod Bayless, RFMS COO post acquisition.
“For over 35 years RFMS has been synonymous with family values, innovative industry-specific software and excellent customer satisfaction. We are proud of the position RFMS holds today as the best-in-class software for the flooring industry. We have also been vocal about our dedication to continue building on the best and not resting on our historical success. Joining Compusoft + 2020’s world-class team presents a bright future for RFMS with a range of opportunities particularly in product integrations and global expansion. In addition, our alignment on core values will enhance the positive impact for our clients and team members. Rod and I couldn’t be more excited to join the team on this journey!”, says Madeleine Bayless, CEO of RFMS.
Joerg Jung, CEO of Compusoft + 2020 added: “Our vision is to make spaces for living amazing. RFMS is exactly the type of strategic M&A opportunity that we look for. It expands our offering to new customers in the flooring space and will also allow us to better address the needs of our existing customers. I was delighted when the RFMS team agreed to become part of our fast-growing group. RFMS’ strong history, dedication to customers and core values align with our own. We are excited to unlock the potential of this combination and achieve our joint goal of creating the leading global offering in flooring.”