EOS International CEO Scot Cheatham has successfully acquired ownership of the company from Dawson Holdings PLC. After lengthy negotiations, Dawson, a United Kingdom corporation, agreed to sell all of its interest in EOS International in order to focus solely on its European media distribution operations. This transaction is a major step that enables EOS to focus exclusively on delivering library automation and information management solutions to clients globally.
In addition, industry veteran Tony Saadat acquired an equity interest in EOS International in order to solidify the company's long term commitment to clients. "We place high value on teamwork and results at EOS International and Tony's past experience demonstrates both in full measure. Tony's unique combination of executive level experience with enterprise software industry is a real asset to the company," said CEO Scot Cheatham.
I am pleased to endorse this partnership. Moving forward, Tony's primary focus will be directed at business operations and solid execution of our major corporate initiatives. We are confident that Tony will play an integral role in our expanded efforts to further EOS International's position as a global library automation leader."
An enthusiastic EOS International staff welcomed the announcement with applause, elated over the benefits that private ownership brings to the team philosophy. This strategic move allows EOS to focus on its primary commitment of delivering innovative solutions and exceptional customer services that enhance the economic value of their clients' information assets.
In anticipation of the acquisition, EOS initiated strategic meetings to plan a corporate-wide restructure and reallocation of resources aimed at improving client services and product quality. The first stage enabled the firm to maximize funding to Research & Development. Increased staffing of the R & D Department will accelerate delivery of product enhancements to clients and will allow the EOS development staff to integrate emerging technologies into the current software products.