Prophet 21 acquired Trade Service Systems Inc. - a division of TradePower, a provider of enterprise software for electrical distributors. Trade Service Systems' 300-plus distributor customers will join Prophet 21's customer base, and the two companies will combine to form a single company under the Prophet 21 name. The acquired company's products and services will be supported, marketed, and sold by Prophet 21.
The company said in a statement this acquisition will help strengthen its expertise among durable goods distributors and enhance electrical knowledge. Prophet 21 also said it will help Trade Service Systems continue its technology development.