{"id":2211,"date":"2019-06-19T14:55:36","date_gmt":"2019-06-19T14:55:36","guid":{"rendered":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/?p=2211"},"modified":"2019-06-28T15:57:56","modified_gmt":"2019-06-28T15:57:56","slug":"ifs-and-acumatica-to-form-global-cloud-erp-powerhouse-under-eqt-ownership","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/ifs-and-acumatica-to-form-global-cloud-erp-powerhouse-under-eqt-ownership\/","title":{"rendered":"IFS and Acumatica to Form Global Cloud-ERP Powerhouse Under EQT Ownership"},"content":{"rendered":"

\"IFS<\/p>\n

EQT Partners<\/a>, a leading investment firm with $45B of assets under management, has announced<\/a> the signing of a definitive agreement to acquire cloud-native enterprise software provider Acumatica<\/a> through an investment vehicle owned by the same holding company that holds IFS AB<\/a> (Industrial and Financial Systems).<\/p>\n
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To further reinforce this coalition, following the closing of the transaction Jonas Persson will serve as chairman for both companies. IFS, the global enterprise applications company, and Acumatica, the world\u2019s fastest-growing Cloud ERP provider, will serve growth industries such as manufacturing, distribution, construction, service, energy and A&D, while competing directly with SAP, Oracle, Microsoft, Infor, and Sage among others.<\/p>\n

\u201cThis collaboration is great news for both organizations, our customers, partners, and employees,\u201d said IFS CEO Darren Roos, who will assume a position on Acumatica\u2019s board of directors. \u201cEQT has brought together two businesses that will enjoy the key benefits of a partnership in the growing cloud enterprise applications market. IFS and Acumatica can benefit from one another\u2019s resources, capabilities, and strategies, but still enjoy full autonomy and rapid growth trajectories while avoiding disruptions to business operations or brand equity. Acumatica\u2019s cloud-native architecture and operations are absolutely cutting edge, as is its commitment to partners and customers. I ultimately see this as two allies to cover the market from end to end, with combined strength to take market share.\u201d<\/p>\n

\u201cIFS is an admirable company in the ERP market who shares our belief in customer satisfaction,\u201d said Jon Roskill, CEO, Acumatica. \u201cWe could not have asked for a better match of technologies, strategies, and cultures. IFS and Acumatica both stand for customer satisfaction and choice, providing public, private, and hybrid cloud options as well as modern licensing and rich independent software vendor (ISV) ecosystems. Acumatica\u2019s customer-friendly licensing and industry-leading partner programs will not change, and our award-winning support will only get better. Combined with the proficiencies of IFS, Acumatica is positioned to expand into new markets and offer true global support for our rapidly expanding international customers.\u201d<\/p>\n

According to the announcement<\/a>, the closing of the transaction is subject to the satisfaction of customary closing conditions, including the receipt of regulatory approvals. The transaction is expected to close in the third quarter. Terms of the transaction were not disclosed.<\/p>\n
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The new global entity is ultimately designed to meet a growing range of customer requirements. Both IFS and Acumatica understand that businesses are becoming increasingly global, regardless of size or industry. To scale and compete, customers need a network of resources that will support business operations wherever they, their business partners, and customers may be.<\/p>\n

To address these needs, the two companies will tap into one another\u2019s ISV, reseller and systems integrator communities, cross-pollinate technical resources and roadmaps, and implement best practices across services and support to enable efficiencies of scale and rapid growth that are mutually beneficial. Both companies are currently adopting artificial intelligence and machine learning features into their respective products and expect to achieve early success in that area.<\/p>\n

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Looking for more? Download our\u00a0<\/span>ERP buyers guide<\/a> for free and compare the top-24 products available on the market with full page vendor profiles, key capabilities, and 10 questions to ask before purchasing. It’s the perfect resource for anyone looking to find right ERP for their business.<\/span><\/p>\n

And don’t forget to follow us on\u00a0Twitter<\/a>,\u00a0Facebook\u00a0<\/a>and\u00a0LinkedIn<\/a>\u00a0for all the latest in the ERP space!<\/em><\/p>\n

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\"Download<\/a> \"Download<\/a> \"Download<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

EQT Partners, a leading investment firm with $45B of assets under management, has announced the signing of a definitive agreement to acquire cloud-native enterprise software provider Acumatica through an investment vehicle owned by the same holding company that holds IFS AB (Industrial and Financial Systems). To further reinforce this coalition, following the closing of the […]<\/p>\n","protected":false},"author":34,"featured_media":2212,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[640,65,639],"acf":[],"yoast_head":"\nIFS and Acumatica to Form Global Cloud-ERP Powerhouse Under EQT Ownership<\/title>\n<meta name=\"description\" content=\"IFS and Acumatica to Form Global Cloud-ERP Powerhouse Under EQT Ownership, ultimately designed to meet a growing range of customer requirements.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/enterprise-resource-planning\/ifs-and-acumatica-to-form-global-cloud-erp-powerhouse-under-eqt-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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