International eyecare software provider Ocuco has bought the Dutch practice management software company B&F Groep.
The acquisition of B&F, which Ocuco described as the leading PMS supplier in the region, adds the Netherlands to the line-up of companies Ocuco now operates in.
B&F Groep Managing Director Hans Lugtenberg will join Ocuco’s management team and will continue to run B&F. All of the firm’s staff will remain to develop and support the Apollo family of software. Going forward B&F’s 400 customers will also have access to Ocuco’s broader product portfolio.
Lugtenberg said being part of Ocuco would provide B&F with continuity in the long term and allow better product development. ‘Our four developers are now part of a team of 60, and in cooperation with suppliers of lenses, contact lenses, and optical instruments, we are now able to develop interfaces and innovative new products across multiple optical technologies.’
Wells Fargo’s Technology Finance unit funded the acquisition as part of a €23 million credit line extended to Ocuco. The additional credit will allow Ocuco to pursue further R&D.
‘B&F is a great company. The acquisition further strengthens our position in the European marketplace, and from a management perspective Hans is a particularly talented guy and we are delighted to have him on our team,’ said Ocuco’s chief executive officer Leo MacCanna.