Access extends Order & Warehouse Management solutions with acquisition of Mintsoft Ltd
The Access Group, one of the UK’s leading software providers for mid-sized organisations, today announced the acquisition of Mintsoft Ltd, a Chelmsford based order and warehouse management solution provider for 3PLs and Multi-Channel Retailers. The business was founded in 2011 by Luke Groves with the goal to establish a UK based market leading business in the order and warehouse management solutions market.
The addition of the Mintsoft SaaS based order and warehouse management solutions onto the Access Workspace platform, will yet again enhance the benefits current customers will realise from using the market leading business solution suite. Access already has solutions that deliver for specific segments of the market and the addition of Mintsoft will broaden the scope to additional markets, in particular for those businesses involved in dealing with the rapid growth of e-commerce in their industries. More and more Manufacturers, Multi-Channel Retailers, Logistics Service Providers and 3PLs are looking to benefit from more modern and automated order and warehouse management processes to increase fulfilment accuracy, while at the same time significantly reducing pick times and costly returns.
Chris Bayne, CEO, The Access Group, commented, “In a recent study the warehouse order picking market was projected to be worth more than nearly £8 billion by 2025, with an estimated CAGR in excess of 10%, predicted across this period. With the order picking process reported to be in excess of 50% of the warehouse operating cost, even a small improvement in this area alone can deliver significant benefit. While we already deliver solutions into specific areas of this market, we expect to be able to capture a significant share of the growth with the extended capabilities and broader market appeal that the Mintsoft solutions bring to Access Workspace. We were extremely impressed by the way Luke and the team have developed a market leading position through the development of excellent products and the delivery of a great customer experience. We look forward to helping them grow that lead even further, as we deliver the Mintsoft solutions on the Access Workspace platform“
Luke Groves, MD and Founder of Mintsoft Ltd also shares, “We started Mintsoft with a view that the growth in ecommerce would enhance the pressure on already stretched supply chains and force companies to look for solutions that could improve fulfilment, while reducing the associated operating costs incurred in picking, shipping and returning orders. Our goal was to become a UK based market leader in the SaaS based order and warehouse management solutions market. We believe in 2019, with in excess of 170 customers benefiting from our solutions, that we had reached that goal. So as we started to define our next goal, we met the team at Access and realised that by joining forces, we would have significantly more support to deliver even greater value for our customer in a much shorter space of time.”
Access is one of the fastest growing UK based tech businesses in the world and has recently announced impressive results for the year ended 30th Jun 2019. Posting more than 40% growth in both revenues and EBITDA for this period.
