Camarillo, CA, May 26, 2006 --(PR.com
)-- Business Systems Solutions, a Camarillo-based ERP distribution software and accounting services company, recently played a key role in the acquisition of a local privately held electronics company, Test-Um, Inc., by JDS Uniphase, an S&P 500 corporation. The acquisition was announced on April 13, 2006, but details regarding financing were not released.
Business Systems Solutions is a Microsoft Certified Partner specializing in the Microsoft Dynamics – Navision ERP software solution. One of their clients is Test-Um, a local electronics manufacturing firm, which implemented Navision as their business software solution two years ago. When Test-Um was approached by JDSU, a billion dollar corporation with an acquisition proposal, they turned to associated ERP software companies to assist them in the transition. Test-Um and Business Systems Solutions worked together to meet the vigorous reporting and compliance requirements of the mergers and acquisitions department of JDS Uniphase.
“The acquisition went so easily because Navision is Sarbanes-Oxley compliant,” says Dave Cintron, CEO and partner in Business Systems Solutions. Because of the complete audit trail and sophisticated navigation features available in Navision ERP distribution software, closing pending transactions was easily accomplished and financial reports were instantly available. After the acquisition it was just as easy to adapt the chart of accounts to the new scheme imposed by the new parent corporation.
Sarbanes-Oxley compliance is a standard for regulating corporate governance and structure, as well as financial reporting guidelines and procedures. President Bush signed the Sarbanes-Oxley Act of 2002 on July 20 to bring tighter laws on publicly held companies. The eleven titles that make up the Sarbanes-Oxley Act were, according to President Bush, designed to "deter and punish corporate and accounting fraud and corruption, ensure justice for wrongdoers, and protect the interests of workers and shareholders." Associated ERP software companies that provide Microsoft Dynamics – Navision help corporations to become Sarbanes-Oxley compliant.
JDS Uniphase provides communications services and products for commercial and consumer markets. Specifically, they produce broadband test and measurement solutions. The acquisition with Test-Um, Inc., a leading provider of home networking test instruments for various cable markets, creates a new sales channel for Test-Um’s home networking product portfolio and JDS Uniphase’s existing set of field test instruments (source; JDSU corporate site).
Business Systems Solutions, located in downtown Camarillo, is a Microsoft Dynamics – Navision reseller specializing in the Navision ERP distribution software package. Business Systems Solutions offers software design, sales, implementation, training and support for Microsoft Dynamics-NAV (formerly Microsoft Business Solutions-Navision) and accounting services. For more information go to www.navisioninfo.com, or contact David Cintron at email@example.com - 805-484-6995.