Home | About Time Spot | Products | Professional Services | Return On Investment | News | Contact
Send Us Your Feedback! Login for support

Vitrix signs deal to buy Time Spot

Vitrix Inc., a Tempe-based provider of work force management solutions for business, has entered into a letter of intent to acquire all of the outstanding capital stock of Time Spot Inc., a Phoenix-based automated time and attendance software development company.

The acquisition will be structured as an all-stock transaction and will be subject to, among other things, board approval and the execution of mutually agreeable definitive agreements.

"Time Spot is a well established time and attendance company that delivers the majority of its products through a strong network of dealers/resellers. We believe that the acquisition will provide Vitrix with excellent marketplace synergies, since there is very little overlap between the product lines and channel strategies of the two companies," said Vitrix president and CEO Thomas Bednarik.

The acquisition should be complete by late April.

Copyright 2003 American City Business Journals Inc.

Copyright 2003, Time Spot, Inc., A Vitrix Company. All rights reserved. 51 West Third Street Tempe, AZ 85281 Phone: (800) 561-6366 Fax: (480) 967-5444. Report any errors or difficulties with this page to: