We have entered a time of consolidation of Point of Sale software development and sales companies in Australia. We are in the middle of this at Tower Systems having completed one acquisition last months and getting close to announcing another this week.
Software companies with fewer than 500 customers in a niche marketplace will struggle to keep up with developments in the marketplace. This will impact negatively on the benefits they can deliver to their existing customers. It will also make it hard for them to lift customer numbers to a sustainable level.
Software development is expensive yet vital for software companies that want to grow market share and efficiency.
Serving in excess of 2,500 retailers and leading in several marketplaces, Tower Systems is pleased to have the customer base, technical leadership and market share necessary to deliver leadership outcomes to our customers and to place us well through this consolidation.