Tags: Acquisition

APAX Partners buy back into ERP

Apax Partners has bought ECi Software solutions. This sees a return by the private equity company to the ERP space. They sold Epicor in July 2016 to KKR. In a second announcement Exact has announced that they have also sold their US ERP businesses Macola, JobBOSS and the MAX to APAX Partners. They will combine…

Tableau acquires natural language interface

Tableau has announced today the acquisition of ClearGraph. Based in Palo Alto ClearGraph was founded in 2014 by Andrew Vigneault, CEO and Ryan Attalah. It raised $1.5 million in seed capital in October 2015 led by Accel Partners. It also won a Celent model bank award for their banking implementation in April this year. The…

IFS doubles down on FSM

IFS has made a major investment in FSM through the acquisition of two UK based companies, mplsystems Limited (MPL) and Field Service Management Limited (FSM). Enterprise Times spoke to Mark Brewer, Global Industry Director for Service Management at IFS to shed some light on the purchases. UK centric but globally strategic The origins of the…

Priority Software buys Monitin ERP

Priority has announced the acquisition of Monitin Information Systems ERP activity. Monitin was founded in 1982 by Haim Goldstein and Micha Rotholtz. The company developed both ERP solutions under the brand name of @RMoney and web enablement tools for IBM legacy AS400 software. The latter, 2WEB/400 does not appear to be part of the deal.…

Sage buys cloud accounting software firm Intacct

Sage has surprised the market by announcing the acquisition of Intacct Corporation for a total amount of $850million (£654million). The transaction will see Sage boost its presence in the enterprise market with the acquisition of the cloud software company. Did Sage pay too much? Besides the fact that this deal was kept very quiet until…

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…