Tags: Acquisition

Sage sells US Payments business to GTCR LLC

Sage has sold its US Payments business signalling an end to the business unit under Sage. It never quite had the same success as its payment arms in South Africa and UK. The payments business, Sage Payments Solutions (SPS) provided bank card processing, ACH, cheque and gift and loyalty card services in North America. It…

Infor closes BI acquisition – what next

Infor has announced that it has completed the acquisition of Business Intelligence (BI) software company Birst. The news first broke around six weeks ago and our analysis at that time is found here. Since then very little more information has emerged about the acquisition with the press release saying little. However, Duncan Angove, President at Infor published…

Oracle shareholders hit them with suit for NetSuite deal

According to Law360 (subscription required), Oracle was hit by a suit in the Delaware Chancery Court on Monday. It accuses founder Larry Ellison of deliberately overpaying for NetSuite. The NetSuite deal saw Oracle pay $9.3 billion for the Cloud ERP vendor. Ellison and family members received around $4.1 billion as a result of the acquisition. The…

KCS acquires IQ Retail ERP business

Kerridge Commercial Systems (KCS) has announced that it has reached an agreement to acquire IQ Retail. Founded in 1986 and based in Stellenbosch, South Africa IQ Retail is a software development company that creates retail and ERP solutions. It is the leading POS solution in South Africa and is distributed through 160 business partners across…

Sage buys Compass for SME ecommerce analytics

Sage has announced that it has reached an agreement to acquire Compass. Based in San Francisco Compass provides dashboards with automated management reports and benchmarks for small and medium sized online businesses. With more than 34,000 signed up customers, it helps track business performance across both ecommerce platforms and marketing initiatives. Benchmarks provide companies with the…

Infor acquires Ciber practice

Ciber has announced that it is to sell its Infor practice to Infor for $15 million. Ciber mainly delivers Infor CloudSuite Corporate solutions (formerly Lawson). It has operations in several countries in North America and Europe including the US and the UK. This is not the first partner that Infor has acquired recently. It announced the…

Infor accelerates growth in IMEA with acquisition

In a double announcement Infor has announced strong growth in its IMEA region and the acquisition of Accentia Middle East. Strong growth in IMEA In July last year Tarik Taman, VP and General Manager of Infor IMEA took control of his new region. In the last six months he has successfully led it to triple digit…

Things to consider when buying a business in the UKs

According to a report by BDO, M&A (Merger and Acquisition) deal activity showed a huge jump in Q4 2016 compared to Q3 2016. It was also a record for quarterly M&A activity since Q2 2008. In the final quarter of 2016, trade buyers completed 672 deals and showed no signs of reducing their appetite for…

ECi acquires home building ERP Mark Systems

ECi Software Solutions has announced the acquisition of American Management Enterprises, which trades as Mark Systems. Based in Mt Holly, NJ. Mark Systems produces IHMS, an ERP solution for home builders. Smart purchase by ECi The purchase will see ECi bring together the home building ERP solution with their lumber and building materials software. At present there…

Sage acquires Fairsail

Sage announced today that it has reached an agreement to acquire Fairsail. The announcement comes a few days after Fairsail revealed impressive results in 2016 with revenues of £10 million. We speculated back then that Sage might acquire the cloud HCM company. It has happened sooner than we predicted but perhaps Sage felt that they needed…