Lawson Software to Acquire Workforce Management Provider VasTech
Workforce management staffing and scheduling capabilities to complement Lawson Human Capital Management solutions, with a focus on healthcare, hospitality and gaming industries
ST. PAUL, Minn. (February 22, 2008) – Lawson Software (Nasdaq: LWSN) today announced it has agreed to acquire VasTech, a provider of workforce management software and services, headquartered in Annapolis, Md., with 45 employees. With this acquisition, Lawson will offer customers in the healthcare, hospitality and gaming industries an advanced workforce management staffing and scheduling solution to complement its Lawson Human Capital Management offerings.
Healthcare organizations, in particular, are challenged to manage their operational requirements and chronic staff shortages while providing high-quality patient care. By delivering workforce management capabilities that help address these key challenges, Lawson will continue to strengthen its leadership position in the healthcare industry.
Lawson’s new workforce management solution will also help healthcare organizations manage a variety of compliance and reporting challenges associated with safety initiatives, labor productivity and staffing levels. This is particularly important for hospitals as they face strict compliance with the staffing effectiveness standards of The Joint Commission – a regulatory organization that evaluates and accredits healthcare providers.
“By combining the strong staffing and scheduling offerings from VasTech with Lawson’s industry-leading products and team, we are again addressing key business challenges that confront our customers every day,” said Steffan Haithcox, healthcare strategy director, Lawson Software. “This is a strategic product addition to Lawson’s healthcare and human capital management suites. It demonstrates our ongoing commitment to provide solutions that address the needs of our customers and to extend our healthcare and human capital management leadership.”
“By reaching this agreement with Lawson, we will be able to improve the reach of our strong workforce management offering within our current target markets and beyond,” said Josh Vance, co-founder of VasTech. “As we looked for the right growth opportunity for our solution and our clients, Lawson clearly emerged as the right fit because of its leadership position in the healthcare industry – along with its leadership in the human capital management space across many workforce-intensive industries.”
The transaction is expected to close in March 2008. The transaction is not anticipated to have a material impact on the company’s fiscal 2008 fourth quarter or fiscal 2009 results. Lawson’s fiscal year ends May 31, 2008.
Source: Lawson
