KualiCo, a company that delivers open source administrative software, recently announced it is all set to acquire Kuali software as a service (SaaS (News - Alert)) business from rSmart, a company that offers in administrative solutions for higher education. Also, Navigator Management Partners, a Kuali Commercial Affiliate, will acquire rSmart's Kuali consulting services. As a result of the acquisition, Chris Coppola, rSmart CEO and co-founder, and 15 rSmart team members will join KualiCo and 14 rSmart consultants will join the Navigator team.
KualiCo delivers open source administrative software using modern SaaS technologies that are built specifically for higher education. The products streamline processes to significantly reduce costs for research, finance, student administration, and business continuity. The acquisition will help the company strengthen its position as a provider of software for colleges and universities.
"As a Kuali co-founder and leading Kuali Commercial Affiliate, rSmart has been driving the fastest and largest Kuali adoption with their cloud-based financial and research management solutions," said Joel Dehlin, CEO of KualiCo.
On the other hand, Navigator Management Partners is a management and technology consulting firm that is comprised of experienced consultants. The company brings years of experience in program and project Management, business process reengineering, business intelligence, software solutions and information risk management. The acquisition of rSmart's consulting services will further build Navigator’s expertise with rSmart's Kuali cloud-based and on-premises implementation, training, and support services.
"rSmart and KualiCo just makes sense," said Chris Coppola, CEO. "We've been an integral part of the Kuali community since its inception and are passionate about the Kuali mission to drive down the cost of administration for colleges and universities so they can keep more money focused on the core teaching and research mission. Kuali's mission hasn't changed, but our ability to execute on it has improved dramatically with the formation of KualiCo."