Harris Computer Systems buys Cayenta

Harris Computer Systems, a provider of customer information systems (CIS) and financial management software solutions for utilities and local governments, has acquired Cayenta Canada Corp. Cayenta is a leading provider of CIS and enterprise resource management solutions to utilities, city governments, and educational institutions...

OTTAWA, ON, and VANCOUVER, BC, Canada -- Harris Computer Systems, a provider of customer information systems (CIS) and financial management software solutions for utilities and local governments, has acquired Cayenta Canada Corp. Cayenta is a leading provider of CIS and enterprise resource management solutions to utilities, city governments, and educational institutions.

Harris President and CEO Jeff Bender stated, "We've been interested in acquiring Cayenta for some time and feel fortunate to have made such a strategic acquisition. Cayenta extends our existing core CIS portfolio and enhances our financial management product line with a complete enterprise offering. The combination of the two companies under Harris provides the market with a single, vertically-focused vendor with solutions for organizations of almost any size."

Cayenta President, Michael Gardner stated, "We are very pleased to announce our acquisition by Harris. Cayenta now has an owner focused on the utility and municipal markets who can help us take Cayenta to the next level. The combined 49 years of history in this market will only benefit both organizations' customers."

Harris will continue to build the Cayenta brand and is committed to the continued investment in and development of the Cayenta flagship products Cayenta Utilities, Cayenta Financials and OperationsManager. "Cayenta provides Harris with a solid footprint in both the Cooperative Utility segment and the city and educational financial management segment. Furthermore, Cayenta's products, technical knowledge, and services staff are complementary to Harris's own. With the acquisition of Cayenta, not only can Harris expand into new markets, but we can offer an un-paralleled depth of services and business process consulting knowledge for our customers," explained Bender.

Harris Vice President Craig Ross added, "Cayenta represents a significant growth opportunity for Harris. In the near term, we will be focused on completing the Cayenta contracts in process and delivering on Cayenta Utilities v8.0, a browser based version of v7.4. Going forward, we will look for synergies that will enhance our competitive position across all segments and ensure that our customers continue to receive solution suites that meet their evolving requirements."

Effective June 3, Cayenta became a wholly owned subsidiary of Harris. Cayenta will continue operations from their existing offices in Vancouver, BC. Cayenta will operate as a separate business unit of Harris and will focus on continuing its customer service excellence.

About Harris
Harris is a leading provider of Customer Information Systems (CIS), billing and financial management software solutions. Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to utilities and all levels of local government throughout North America. Harris' focus is on creating long-term relationships with our customers and ensuring that we meet the changing needs of our customers over time. The company website is at www.harriscomputer.com.

About Cayenta
For over 20 years, Cayenta has provided solutions to municipalities, utilities, cooperatives and educational institutions with a suite of revenue cycle management software to improve customer service and revenue, improve operational efficiency, integrate with the world at large, and run a better business for the benefit of their constituents. The company website is at www.cayenta.com.

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