Valsoft Corp. Inc., a Montreal, Canada-based company specializing in the acquisition and development of software companies in vertical markets, has announced the acquisitions of Italy-based MPS Monitor s.r.l and Denmark-based Euroform A/S.

Valsoft will be entering into the managed print services space by acquiring 100% of both MPS Monitor and Euroform, and will be leveraging the leading market positioning, product strength and expertise of the two combined companies to provide an integrated SaaS offering to dealers and managed print providers across the world.

"We are very excited to enter the printing management vertical through our acquisition of both EuroForm and MPS Monitor," said Michael Assi, CEO, Aspire Software, the operating division of Valsoft. "The talented teams, company values and established position in the market of these great companies combined will make this a platform acquisition poised for continued future growth and continuous product innovation for years to come."

The two companies are globally recognized as the providers of secure RMM systems available to the print industry, and both have close partnerships and collaborations with all the major players in the printer market.

With these two acquisitions, Valsoft's entry into MPS will be led by Nicola De Blasi, while maintaining his role as CEO of MPS Monitor, and also taking on the role of CEO of Euroform.

"This is an extremely exciting moment in the history of MPS Monitor and Euroform, our customers and our combined team," De Blasi said. "We're about to embark on a whole new chapter supported by the resources, experience and global footprint of Valsoft. The timing coincides with growing market demand from dealers and MPS providers for secure, flexible, scalable and sustainable SaaS solutions that provide business intelligence and detailed insights, while also helping to drive down operational costs and increase the overall security of their print environments. With the formation of the managed print services vertical, Valsoft has created a solutions powerhouse that's ready and able to address the challenges of managed print customers and providers globally."

In 12 years since its start, MPS Monitor has grown into one of the major IoT SaaS providers globally for the remote monitoring and management (RMM) of printing devices and the provision of MPS, currently serving more than 2,500 dealers and is being installed in more than 220,000 customers around the world.

With over 30 years of service, Euroform has become a leader in the printing industry with its cloud-based Managed Print Services platforms for global clients, through development, maintenance and support of these systems.