None of the financial applications under the Business Solutions division are sold in the United States. As Exact is being acquired by funds advised by Apax Partners, we might assume that there will be more changes at Exact. Ter Laak had been hired for a four-year term in May 2013. CEO Erik van der Meijden will assume his duties until a replacement can be found. The three U.S. manufacturing applications—Macola, JobBoss, Max—are sold by the Specialized Solutions division and Exact One by the Cloud division. You know, Apax is the same group that acquired Epicor and Activant and merged those companies together. You don't suppose?
EXACT DIVISION HEAD LEAVES Featured
Marinus ter Laak has resigned his position as managing director of Exact's Business Solutions division. Ter Laak, who joined the Netherlands-based company, also left his position on the board of managing directors of the company. In European practice, such boards typically are comprised by the CEO, CFO and other top executives involved in day-to-day operations and are under the purview of the supervisory board. His base salary was about $373,000.
