Explorance to Acquire Thoransoft Inc.
The addition of the custom-made enterprise application developer under the eXplorance umbrella will boost R&D and further propel continuous innovation. Montreal, Canada – March 21, 2016 – eXplorance, the leading provider of Learning Experience Management (LEM) solutions, announces today the acquisition of Thoransoft Inc. a developer of customized business software applications. eXplorance is acquiring Thoransoft to accelerate the company’s research and development, while igniting innovation and embracing new talent. Thoransoft has expertise in building tailor-made enterprise applications, focusing particularly on cloud and business intelligence (BI) solutions. The company helps a wide range of corporations manage day-to-day operations more efficiently by combining the latest industry knowledge with proprietary frameworks and cutting edge technologies. Thoransoft and eXplorance have worked closely together on a series of software development projects. “Thoransoft shares our commitment to excellence and continuous improvement,” says Samer Saab, founder and CEO of eXplorance. “We are inspired by their creativity and professionalism and look forward to deepening our relationship with the team,” Saab adds. eXplorance has been experiencing constant growth, developing a range of evaluation solutions, adding value for ecosystem partners, and satisfying new global requirement demands. Over the years, eXplorance has considered several acquisition options to further accelerate its innovation roadmap. Acquiring Thoransoft will allow eXplorance to offer clients an even more comprehensive set of solutions. “We are delighted to join the eXplorance family, who have always pushed our development efforts to new technological heights,” says Georges Geha, President of Thoransoft. “We look forward to participating in eXplorance’s innovative business culture and working together for improvement on all fronts,” Geha elaborates. The deal is expected to close in April 2016. To find out more about eXplorance’s team and company culture, visit the About eXplorance page. About Thoransoft Thoransoft was founded in Montreal in 2005. The company provides tailor-made IT, Web and business intelligence services to a wide range of organizations. Thoransoft is proud to emphasize a human approach when creating Web applications for businesses’ day-to-day requirements, supported by leading industry experts and the latest innovations in server technologies.