Business software platform MyTaskit said today that it is partnering with Montreal-based Valsoft, which specializes in acquiring and developing vertical market software companies.
Under the agreement, Valsoft obtains the rights to the DockMaster brand and intellectual property, as well as operations of DockMaster products and services.
Since 2015 DockMaster has been known as the Operations module of MyTaskit Pro. As part of the new Valsoft partnership it will return to the DockMaster name.
Cam Collins, previously senior vice president at MyTaskit, was named president of DockMaster and will continue in this role as the leading executive of operations.
MyTaskit CEO and founder Kevin Hutchinson is joining Valsoft's board of advisors.
“As you know, over the past two years since the launch of MyTaskit in April 2015 we rebranded DockMaster as the Operations module of MyTaskit Pro,” Hutchinson said. “To be honest, that hasn’t gone so well. The customers, and even ourselves internally, still refer to it mostly as DockMaster, so it makes total sense to bring the name back.”
Valsoft CEO Ouissam "Sam" Youssef said his company is looking forward to a long-term partnership with MyTaskit.
"We approached Mr. Hutchinson about a partnership between our two companies to bring back the DockMaster brand and invest in the marine industry software leader. We will carry on Kevin and his team's legacy of 100 percent customer success,” Youssef said in a statement.
“We will continue to work closely with Kevin, Cam and the entire MyTaskit and DockMaster team to make sure our customers have all the tools they need to compete in today's technology era."
The MyTaskit and DockMaster teams will work together in an effort to provide continued strategic development, deployment, support and integration of DockMaster and MyTaskit Pro software products.
Hutchinson said the partnership is aimed at continued growth and enhanced product development.
"When Valsoft approached us, they were looking to invest in the continued success of our marine software products," Hutchinson said. "As our discussions evolved, we found that by committing to a strategic collaboration, we would be able grow the capabilities and demand for both of our products. This partnership focuses on delivering more extensive product solutions to our existing customers and the marine industry as a whole, while also opening up opportunities to partner with other niche marine software providers."
Valsoft and MyTaskit have additionally formed a co-marketing relationship for MyTaskit Pro's coordination product, task coordination software for marine service companies. The agreement will support the continued data integration between DockMaster and MyTaskit Pro. Both companies expect future software integrations and product enhancements to follow.
MyTaskit released a separate statement in a question-and-answer format that further explains its new partnership with Valsoft.