Acumatica Acquired by EQT Partners
- Accounting Software, Acumatica, Cloud, Misc, UK
Acumatica has been acquired by EQT Partners, a leading global investment firm. This purchase has allowed Acumatica to create a partnership with IFS AB, a successful Enterprise applications company.
In Acumatica’s press release, IFS CEO Darren Roos’ quote captures the essence of what this partnership means:
“This collaboration is great news for both organizations, our customers, partners, and employees. EQT 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’s resources, capabilities, and strategies, but still enjoy full autonomy and rapid growth trajectories while avoiding disruptions to business operations or brand equity. Acumatica’s 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.”
The Acumatica leadership team will stay the same, with Jon Roskill remaining as the CEO. Jon recently said;
“Together, our two cloud ERP forces will work together, tapping into each other’s strengths. We anticipate soon generating $1 billion a year in revenues, increasing our workforce, and orbiting in the same sphere as the bigger players in ERP such as Microsoft, SAP, Oracle, Infor, and Sage (see how Acumatica compares to Microsoft Dynamics, Sage Intacct, and NetSuite in a G2 Crowd report)—while continuing to keep customer satisfaction and usability as our collective top priority.”
For customers it will be business as usual. Acumatica and IFS’s collective priority is to create as many happy Acumatica customers as they can. There will be no changes in their pricelist or to the product use rights, and product support will only improve with greater availability worldwide.
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