We recently worked with Acumatica, the world’s fastest-growing cloud ERP company, to announce its acquisition by EQT Partners and the joining of forces with IFS, the global enterprise applications company.
What makes this acquisition announcement unique is the flexible structure of this partnership. In the midst of a merger-happy market, the two companies will retain much of their autonomy while synergies related to go-to-market strategies, research and development efforts, etc., will be maximized between the two companies.
Businesses are becoming increasingly global, regardless of size or industry. With an increasingly global marketplace, flexible business models are going to be vital for companies to meet a growing range of customer requirements. To scale and compete, customers need a network of resources that will support business operations wherever they, their business partners and customers may be.
Additionally, both companies are designed to serve complementary markets rather than compete against one another. Acumatica’s sweet spot is small and midsize business customers with $20M – $250M USD in revenue; IFS is optimized to serve companies with $250M USD and above. Thus, this partnership forms a global cloud ERP powerhouse that will challenge entrenched industry players.
Communiqué PR had the opportunity to collaborate with another PR firm, Padilla, to support the media outreach for this announcement. Below, we’ve included highlights of the coverage that resulted from the acquisition, with additional coverage from trade publications pending.
- The Cross-Pollinating Cloud: IFS Conjoins With Acumatica – Forbes, June 19
- Acumatica acquired by UK private equity firm in bid to take on Oracle, Microsoft and other business software giants – GeekWire, June 19
- The coming together of ERP firms Acumatica and IFS – an early analysis – Diginomica, June 19
- EQT marries Acumatica to IFS – Enterprise Times, June 19
- IFS and Acumatica to Form Global Cloud ERP Powerhouse Under EQT Ownership – ERPNews, June 19
- IFS And Acumatica To Form Global Cloud ERP Powerhouse Under EQT Ownership – Software Business Growth, June 19
- EQT acquires Acumatica to complement portfolio company – Realdeals, June 19
- EQT buys US ERP provider – Dagens Industri, June 19
- IFS and Acumatica team up to compete in the ERP management software market in the cloud – Europa Press, June 20
- Acumatica announces acquisition by EQT Partners, joins forces with IFS – Supply Chain Management Review, June 20
- ERP vendor IFS makes a near-merger with Acumatica – TechTarget, June 20
- Channel consolidation continues with trio of deals – TechTarget, June 20
- ERP cloud companies to collaborate under new ownership – Plant Engineering, June 21
- IFS and Acumatica: ERP coalition under EQT – TechMarketView, June 21