MPP Global is Acquired by Aptitude Software to Capitalize on the Subscription Boom
MPP Global is Acquired by Aptitude Software to Capitalize on the Subscription Boom
Warrington, UK – 9th November 2021 – MPP Global, the technology company that helps enterprises innovate, transform and embrace the subscription revolution has been acquired by Aptitude Software Group, the specialist provider of finance transformation and automation software.
The £37.1 million deal was announced earlier this month and combines the strengths of both MPP Global’s subscription management platform, Subscription Management, with Aptitude’s financial management software to provide powerful revenue management and reporting for seamless end-to-end subscription, billing, and revenue automation.
Subscription Management was created for the subscription economy, offering a modular, cloud-based solution to large enterprise media customers. Today, the solution covers the entire subscriber lifecycle including access control, identity management, CRM, product and pricing management, promotional tools, automated billing, payment processing, anti-churn technology, and various data management services. Subscription Management combined with Aptitude Software’s revenue management solution is expected to provide the market with new opportunities for automation and growth.
The acquisition perfectly reflects Aptitude Software’s strategy of acquiring businesses that accelerate the Group’s product strategy, expand on its capabilities to automate complex finance functions, and support its continued global growth across a broad range of sectors.
Jeremy Suddards, Chief Executive Officer of Aptitude Software, said, “I am delighted to welcome the MPP Global team and customers into the Group, expanding both our current offering and future innovation capabilities. We believe MPP Global is a strong strategic fit, with both businesses positioned to capitalize on the growth in subscription offerings, and we are excited for the new opportunities the acquisition will bring.”
The acquisition comes at an exciting time where many industries are moving towards a subscription-based model, observed by Aptitude Software through its Aptitude Revenue Management client base in medical technology, advanced manufacturing and other sectors. The partnership will power the Group to provide full, end-to-end solutions which automate the revenue lifecycle of the subscription economy, from subscriber acquisition and billing through to Aptitude Software’s existing revenue management, reports, and recognition capabilities.
Julian Morelis, EVP Subscription Management & Billing, MPP Global, said, “We’re excited that MPP Global was chosen by Aptitude Software for this investment opportunity, it’s a testament to the strength of our client portfolio and innovative subscription billing platform. Together, we’ll provide robust product functionality with deep expertise across multiple industries, and we envision continued adoption across these verticals for the Group’s wider product suite. Our Northwest UK headquarters will become the second long-term innovation center for the Group, playing a key role in the Aptitude Software strategy going forward.”
To find out more about MPP Global and Subscription Management, please visit www.mppglobal.com
To find out more about Aptitude Software, please visit www.aptitudesoftware.com