Lawson Software has agreed to acquire VasTech to increase its healthcare operations, the company announced.
Lawson, a $391 million company based in St. Paul, Minn., develops software for the manufacturing, distribution and maintenance industry. VasTech, Annapolis, Md., with 45 employees, creates workforce management software. That product will help Lawson offer healthcare organizations services to manage compliance and reporting issues associated with safety, labor productivity and staffing levels, especially as they must meet Joint Commission standards, Lawson said in a news release.
Terms of the deal, expected to be completed in March, were not disclosed. Lawson said the acquisition will not have a significant impact on its fourth-quarter 2008 or fiscal 2009 results. The company's fiscal year ends May 31.