Friedman Announces Acquisition of Megabus

DEERFIELD, IL (02 June 2015) – Friedman Corporation ("Friedman"), a division of Vela Software International, has completed the acquisition Megabus Pty Ltd. ("Megabus").

Megabus is based in Melbourne, Australia and specializes in enterprise software solutions for the retail and wholesale distribution business, with a particular focus on the Tire & Automotive industry sector. The Marlin suite of software products includes supply chain management, inventory control, wholesale distribution, retail distribution, point-of-sale, e-commerce, financial control, and business intelligence applications.

As a result of the acquisition, the Megabus business will operate as an independent division of Friedman's Markinson Technologies Group, and will continue to develop, enhance, service, and support their software solutions in order to provide a competitive edge to its customers.

Mark Thompson, Chief Executive Officer of Friedman, commented, "The acquisition of Megabus builds on our presence in the Australia and Asia-Pacific region, complements our existing operations in the tire and automotive services sector, and increases our footprint in the retail and wholesale distribution sectors."

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