MXL was placed into voluntary administration in April. The company provides specialist education software, which will now come under the Eclipse EduPoint brand. The acquisition involves three MXL solutions including an enterprise school product, a higher education solution for registered training organisations and a curriculum management capability.
Eclipse business development director, Martin Wildesmith, explained it planned to deliver combined Eclipse and MXL solutions about a year ago.
“We were invited in by the receivers to talk to them as well as being encouraged by our client, Brisbane Catholic Education, [BCE] to get involved,” Wildesmith said. BCE previously bought solutions from both organisations.
“We saw huge potential in the Australian and international market for this,” he said. “Education is a big growth area because there’s a need for efficiency and for schools to get more out of their systems. Even doing student administration and billing has become far more complex.”
As part of the acquisition, Eclipse will form a new software education practice within the business. Ten MXL employees have been brought into the unit.
“There’s a wide variety of trademarks and patents that we still need to work through. MXL had global trademarks as well,” Eclipse development manager, Brett Garrett, said.
Wildesmith did not rule out further acquisitions for Eclipse.
“We are working on a few things, but we’re hoping to add a number of things into the business that will strengthen our product lines and take us deeper into other industry solutions,” he said.
Wildesmith said it was common to come across ISVs with a good idea that were well established with good industry IP, but typically didn’t have the vision, marketing clout and geographic spread to maximise their potential.
“There’s a big difference between being a software developer and a visionary with the product, and delivering it to market with happy customers. MXL is very good at building IP and we’re going to realise the commercial reality of that,” he said.