News Source: Press Release
"iCentris, a premiere software provider for the direct selling industry in Woods Cross, Utah, announced today an agreement to acquire Provo-based SolutionX Global, LLC, a social marketing, website design and development company, for undisclosed terms. The two companies have been competitors in the network marketing and direct sales market servicing clients such as Avon and MonaVie but, together, will now employ more than 100 people and have plans to add more jobs in 2011.
The combined strengths of SolutionX and iCentris will create a financially stable industry leader in distributor success systems, providing an unmatched offering of online business tools, social networking technology, advanced group management, prospecting/marketing systems, online training and e-commerce software. This will give SolutionX and iCentris the opportunity to leverage combined technology over the long term and offer clients a competitive suite of services in the Direct Sales, Party Planning and Network Marketing industries, significantly benefiting current and future clients as well as the website software end users.
“Looking at what both companies were doing and the reputation each had in delivering a similar product to our clients, it just made sense to take the strengths from each company and combine them into something remarkable,” said Peter Benedict, CEO of iCentris.
Rodger Smith, CEO of SolutionX and President of the now combined companies added, “We’re excited. This move is the next natural step in the growth of our companies. We’re going to be able to provide an exceptional product and deliver it to an industry that has a dramatic need for it. This will create the definitive software leader that the MLM/Direct Sales industry has been waiting for.”"
