2003 FIN – Faspac Fastener Software Introduced in 1979
FASTENER HISTORY
June 26, 2003 FIN – Faspac Systems Inc. was founded in 1979 as Western Pacific Data Systems by Bill Vollmer and Dennis Marteeny of Western Fastener of San Diego, and Margaret Jackson and Neil Hadfield.
Jackson and Hadfield bought out Vollmer and Marteeny in 1981 and went on to sell more than 500 systems to the fastener industry over the next 22 years.
The Faspac Classic system began its development in 1979 as a software system for fastener distributors, designed to handle purchasing and receiving, sales order entry and accounting functions. In 1991 Faspac designed software for fastener manufacturers, including quoting and estimating, production, scheduling, shop floor control and tooling subsystems.
In 1997 Hadfield and Jackson spun off an aerospace software product. Hadfield said that by then the original COBOL product was “becoming technically mature,” and La Jolla, CA-based Faspac invested “five years and many millions of dollars in building a new technology product to replace the original Faspac,” resulting in the new FaspacSQL for Microsoft Windows 2000 and SQL Server.
Yardley, PA-based Prophet 21 acquired Faspac in 2003. Hadfield told FIN that given “the nature of today’s software industry environment combined with the slowdown of the economy, Faspac faced an uncertain future. We therefore decided to merge with a stronger industry player.” ©2003/2009 FastenerNews.com/FIN
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