ASG Software Solutions
ASG Software Solutions (ASG), formerly known as Allen Systems Group, is a privately held computer software company that develops and sells enterprise software to international clients. Founded in 1986 by Arthur L. Allen,[1] ASG’s headquarters is located in Naples, Florida. The company also maintains offices worldwide.[2]
ASG’s mainframe and distributed software solutions are used by enterprises in financial and brokerage services, insurance, healthcare, education, government, telecommunications, technology, manufacturing, and retail.[3] Clients have included Coca-Cola, General Electric, and Procter & Gamble.[4]
ASG’s products are used for cloud computing,[5] business service management, job scheduling, legacy data migration, performance management, applications development, and content management. ASG also offers business information portals and applications for identity and user access management, in addition to consulting, implementation, and training services.[6]
In April, 2011, ASG acquired PS’Soft SAS, a provider of IT Asset and Service Management software.[7]
In December, 2011, ASG acquired Atempo, Inc., a global provider of data management software products designed for preservation and protection of corporate digital assets.
On the 15th of October, 2012, an email from ASG former CEO Arthur Allen was made public in which he strongly encouraged employees to vote for Mitt Romney in the 2012 Presidential elections, suggesting, "I don’t want to hear any complaints regarding the fallout that will most likely come," should President Obama win reelection. He suggests in the e-mail that his employees donate the maximum of 2,500 dollars to the Romney campaign.[8]
In December, 2012, due to post-merger integration issues and softness in ASG’s core markets, the company refinanced its existing senior secured credit facility with a $250M senior secured loan facility from TPG Opportunities Partners.[9]
In November, 2014, Franklin Square Capital Partners and GSO Capital Partners purchased all of Allen Systems Group Inc.'s first-lien debt from TPG,[10] and in December, Arthur Allen resigned as president, CEO and board chairman of ASG.[11]
In February, 2015, Allen Systems Group, Inc. filed a voluntary petition to restructure under Chapter 11 of the United States Bankruptcy Court for the District of Delaware, Case No. 15-10332,[12] and in March, the U.S. Bankruptcy Court approved ASG’s Chapter 11 Plan of Reorganization.[13]
In May, 2015, the company emerged from bankruptcy with new owners.[14]
References
- ↑ "Funding Universe". Retrieved 22 August 2011.
- ↑ "ALLEN SYSTEMS GROUP AND VIASOFT ANNOUNCE PRELIMINARY RESULTS OF CASH TENDER OFFER", June 5, 2000". Retrieved 22 August 2011.
- ↑ "PrivCo.com". Retrieved 22 August 2011.
- ↑ "Hoover's". Retrieved 22 August 2011.
- ↑ "The 451 Group: "Cloud Computing – IT Management as a Service," June, 2011". Retrieved 22 August 2011.
- ↑ "Hoover's". Retrieved 22 August 2011.
- ↑ "The 451 Group: "ASG picks up IT service and asset management software firm PS'Soft from BDNA," March 15, 2011". Retrieved 22 August 2011.
- ↑ Lavender, Paige (14 October 2012). "HuffingtonPost". Huffington Post. Retrieved 15 October 2012.
- ↑ "Huron Consulting Group "ASG Deal"". Retrieved 4 May 2015.
- ↑ "The Street "Sources Say TPG Has Sold All of its Allen Systems First-lien Debt," November 11, 2014". Retrieved 4 May 2015.
- ↑ "Naples Daily News "Arthur Allen Jr., founder of Allen Systems Group Inc., steps down from leadership of global company," December 19, 2014". Retrieved 4 May 2015.
- ↑ "Chapter 11 Cases "ALLEN SYSTEMS GROUP, INC. (A/K/A ASG SOFTWARE SOLUTIONS) BANKRUPTCY NEW FILING ALERT: PLAN OF REORGANIZATION," February 21, 2015". Retrieved 4 May 2015.
- ↑ "The Turnaround Letter "Allen Systems Group Disclosure Statement Approved, Plan Confirmed," March 27, 2015". Retrieved 4 May 2015.
- ↑ "Naples Daily News "Naples-based Allen Systems Group emerges from bankruptcy," May 4, 2015". Retrieved 4 May 2015.