Objective Corporation is acquiring specialised technology for in the capture, collaboration and manipulation of large documents, complex drawings, maps and plans with the purchase of New Zealand’s Onstream Systems.

Onstream’s flagship software, Trapeze, has a user base of over 2 million users at more than 2000 sites around the world.

The Trapeze technology has become pivotal in the digital transformation of local government and statutory authorities, and strategically in the paperless processing and stakeholder collaboration related to Building Consents and Development Applications.

It is used in over 80 councils in Australia, 50 councils in NZ, 100 councils in the UK and has a growing footprint in North America.

The underpinning Trapeze technology is licenced to Hewlett Packard (HP) and is used for image viewing and manipulation in all HP Records Manager (TRIM) solutions globally. It is also licenced by Northgate Information Solutions and Idox plc in the United Kingdom, giving the Trapeze technology a presence in more than 2000 customers globally.

The company also has successful regional distributor and reseller partnerships in Australia, North America and the United Kingdom.

Glyn Williams, CEO Onstream Systems said “I believe that this is an outstanding opportunity for Trapeze customers and Onstream employees. We have worked closely with Objective over a number of years; the company has a highly trusted and respected reputation and an enviable track record of delivering for customers. Trapeze CTO, Brent Foster and I, look forward to being an integral part of the Objective team and the growth opportunities that lie ahead."

Tony Walls, CEO, Objective Corporation, said: “Our business philosophies, target markets and technologies are highly complementary with Onstream. There is significant opportunity to deliver Trapeze, coupled with Objective’s solutions, to deliver higher value outcomes to government and regulated industries around the world.

“We look forward to welcoming all Onstream customers and employees into the Objective community. The Onstream team have achieved great success from regional New Zealand. We look forward to utilising the skills and resources of both organisations to unlock further potential in the Trapeze technology and deliver innovative solutions for benefit of the public sector and the community,” said Walls.

Objective Trapeze Solutions, as it will now be known, is expected to contribute in excess of NZD$2.5m in revenues in FY2017.

The acquisition price was not revealed. The purchase will be funded from Objective’s cash reserves in addition to the issue of 100,000 Objective shares to each of Glyn Williams and Brent Foster, key executives who will remain with the company post acquisition.