Acumatica to take on the likes of Sage, Oracle and Microsoft
The world’s fastest-growing cloud ERP vendor, Acumatica, has been acquired by a global private equity fund, EQT Partners. One Channel is upbeat about this agreement that will ensure Acumatica and Industrial and Financial Systems (IFS) can now join forces to form a global cloud ERP powerhouse.
IDC recently evaluated Acumatica and IFS in its 'Worldwide SaaS and Cloud-Enabled Operational ERP Applications 2019 Vendor Assessment ' and both companies were identified as major players in the study.
The study also found, that for different reasons, together they will truly complement one another. IFS can bolster Acumatica’s ability to globalise and expand in key industries, while Acumatica can support IFS with increased functionality in business intelligence, analytics and extensive experience of providing a true born-in-the-cloud ERP software as a service offering.
One Channel CEO Bernard Ford says this announcement is wonderful news for everyone, including One Channel's customers. “This acquisition has brought together two businesses that will enjoy the key benefits of a partnership in this fast growing cloud ERP market."
"Acumatica and IFS can now leverage each other’s resources and capabilities but still enjoy autonomy. This agreement will help us 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," he explains.
The new global entity is ultimately designed to meet a growing range of customer requirements. Both Acumatica and IFS 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.
To address these needs, the two companies will tap into one another’s 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. Both companies are currently adopting artificial intelligence and machine learning features into their respective products and expect to achieve early success in that area.
Acumatica and IFS both stand for service excellence and their commitment to partners and customers is of the highest level. This is a perfect match of technologies, strategies and cultures – providing public, private and hybrid cloud options as well as modern licensing and rich independent software vendor (ISV) ecosystems.
Acumatica’s customer-friendly licensing and industry-leading partner programs will not change, and its 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 its rapidly expanding international customers.
One Channel was formed out of the necessity to provide complete Cloud-based solutions to mid-sized and larger customers on the African continent. We have followed the evolution of business software from core accounting, to ERP and now to extended ERP, HRM and Multi-Cloud and have adapted our business model to enable us to deliver these modern extensible systems and by partnering with leading Cloud vendors such as Acumatica and PaySpace.
To achieve this most vendors require a large range of skills, competencies and infrastructure which include the software and hardware platform, the core ERP, vertical product knowledge and geographic coverage.
Only One Channel provides all of the above to allow customers to experience a seamless vendor experience that is capable of delivering complete and world-class solutions cost effectively.