Oracle Buying NetSuite For $9.3 Billion

Oracle is buying ERP and omnichannel software provider NetSuite in a deal valued at around $9.3 billion, both companies announced.

The move reunites NetSuite CEO Zach Nelson with Oracle chairman Larry Ellison, who co-founded San Mateo, CA-based NetSuite in 1998. Ellison stepped down as NetSuite CEO two years ago.

Oracle CEO Mark Hurd said his company and NetSuite's cloud applications are complimentary.

"We intend to invest heavily in both products — engineering and distribution," Hurd said in a statement.

NetSuite — which reported a 30 percent year-over-year Q2 sales increase — provides cloud-based financials including ERP and omnichannel commerce software suites for distributors, manufacturers and retailers. Its software enables businesses to automate operations, streamline process and access real-time data on-demand.

NetSuite has more than 30,000 customers in more than 100 countries.

"NetSuite will benefit from Oracle's global scale and reach to accelerate the availability of our cloud solutions in more industries and more countries," said NetSuite's Nelson. "We are excited to join Oracle and accelerate our pace of innovation."

The transaction is expected to close this year.

Kerridge Commercial Systems to Acquire Mincron

Kerridge Commercial Systems (KCS), a global company headquartered in the United Kingdom, has reached an agreement to acquire Mincron Software Systems, based in Houston, Texas, and its successful suite of products. This acquisition is a key strategic investment for KCS and a welcome development for Mincron. The companies will form one of the strongest ERP offerings for the distributive trades in North America.

KCS is the market-leading and award-winning provider of solutions with over 800 distributive trade customers worldwide, focusing on wholesalers/distributors/retailers and merchants in the construction, industrial and other sectors. In parallel, Mincron has a 30-year history of delivering ERP solutions to a similar customer profile–i.e. businesses that need to Source Effectively, Stock Efficiently, Sell Profitably and Service Competitively. The acquisition of Mincron by KCS follows the successful acquisition and integration of Cary, North Carolina-based Dancik International in July 2015.

Mincron will continue to focus on product innovation, including maintaining and supporting the existing SmartDistributor product suite while providing customers access to other products and services from the KCS portfolio.

Speaking about the acquisition, Ian Bendelow, KCS Group CEO commented, “This is another key strategic acquisition for us and our second in North America in as many years. It strengthens our geographical presence in the North American market and provides a further platform for growth in this important region. Mincron aligns with our successful business strategy of focusing on trading and business management solutions for the distributive trades, including wholesalers, distributors, retailers, merchants and resellers. Our customers will benefit from this acquisition through greater strength and depth in our North American team to support our functionally rich solutions to meet their business goals & challenges.”

Wendy Berger, General Manager of Mincron stated, “The acquisition by KCS brings together two great companies with similar history, culture and customer profile. The combined resources will further strengthen the KCS brand in North America & I look forward to being part of the Group and leading the Mincron team into a new era of opportunity.”

As Executive Vice President for KCS Group in North America, Alan Cross will support Wendy and the team and help to ensure that that benefits of being part of the larger group are available to all our customers.

Link to Article:
http://www.mincron.com/news-center/kerridge-commercial-systems-acquire-mincron/

For more information, please visit our websites:
www.kerridgecs.com www.dancik.com and www.mincron.com

Or contact: marketing@kerridgecs.com

Sonata to acquire Premier United States based Microsoft Dynamics Partner I.B.I.S., Inc.

Sonata Software, a global strategic IT solutions firm, announced today that it has signed a definitive agreement to acquire the supply chain software and services provider I.B.I.S., Inc. (INTERACTIVE BUSINESS INFORMATION SYSTEMS, INC.). Founded in 1989, I.B.I.S., Inc. has a strategic partnership with Microsoft for the Dynamics solution and delivers world-class supply chain solutions, including its proprietary Advanced Supply Chain Software solution. The acquisition of the United States based IBIS will allow Sonata, aBangalore, India based company to accelerate its footprint globally.

Advanced Supply Chain Software™ powered by I.B.I.S., Inc. is a total Dynamics® AX and CRM supply chain solution designed expressly to meet the needs of modern distributors, manufacturers, and retailers. A winning combination of industry supply chain expertise, world-class supply chain software, and 26 years of successful Microsoft Dynamics® implementations has culminated in making IBIS the preferred Microsoft Dynamics® partner and solution provider for distributors and manufacturers worldwide. The company already serves leading US enterprises.

Sonata’s vision is to provide digital transformation solutions to Retail, Consumer Packaged Goods (CPG), and Distribution companies. Microsoft Dynamics® AX and CRM solutions are being increasingly adopted globally by companies to transform their businesses. Sonata’s expertise, intellectual property, scale, and global presence with Microsoft Dynamics® AX, especially in the retail industry, along with IBIS expertise,intellectual property, and strong local footprint in the US within the distribution industry space will create a powerhouse that caters to Retail, CPG, and Distribution companies globally who want to deploy Microsoft Dynamics®.

Speaking on the occasion, Srikar Reddy, MD & CEO of Sonata Software said, “Sonata has a strong partnership with Microsoft on Dynamics globally. We have a strong footprint in Microsoft Dynamics® based Retail solutions. Together with IBIS, we now have a strong management team, world class Advanced Supply Chain Software™ for distribution companies, a solid referenceable customer base, and a strong and deep partnership with Microsoft in the United States. The marquee customers currently with Sonata and IBIS will both gain from the complementary capabilities we bring to the table.”

Andy Vabulas, founder and CEO, I.B.I.S., Inc. commented, “IBIS is excited to be a part of Sonata, which adds significant scale, a wider geographic footprint, and client base we can now access. We have built IBIS as a company over the past 26 years and believe my team and I have the right partner in Sonata to achieve our vision of a global scale Dynamics organization. Our clients, products, and services will gain from the rich engineering and delivery capability that Sonata has in the Microsoft Dynamics® portfolio. I’m sure this acquisition will enhance our product reach as we will be capable of delivering enhanced services while reaching many more clients globally. Our customers will benefit from the depth and breadth of the products and services that a global company like Sonata brings to the table.”

About Sonata Software

Sonata Software is a global IT services firm focused on catalysing transformational IT initiatives of its clients through deep domain knowledge, technology expertise and customer commitment. The company delivers innovative new solutions for Travel, Retail & Consumer Goods and Software Product Companies by integrating technologies such as Omni-channel commerce, Mobility, Analytics, Cloud and ERP, to drive enhanced customer engagement, operations efficiency and return on IT investments. A trusted long-term service provider to Fortune 500 companies across both the software product development and enterprise business segments, Sonata seeks to add differentiated value to leadership who want to make an impact on their businesses, with IT.

About I.B.I.S., Inc.

Founded in 1989, I.B.I.S., Inc. provides business solutions which enable companies with complex supply chain requirements to maximize their business success. Through a Strategic Developer Partner relationship with Microsoft, the company provides world-class solutions for enterprise resource planning (ERP), customer relationship management (CRM), business intelligence (BI), and application development. I.B.I.S., Inc. specialties include Microsoft Dynamics AX and CRM solutions focused on the supply chain needs of distribution, manufacturing, and retail industries.

NetSuite will acquire email service provider Bronto Software

The deal will combine a major B2B and B2C e-commerce platform and business software provider with an email marketing company that works with more than 100 Top 1000 online merchants. NetSuite will pay $200 million for Bronto.

In a deal that will combine the resources of a major supplier of e-commerce software with those of an online marketing firm, NetSuite Inc. signed an agreement to purchase Bronto Software for $200 million.

NetSuite provides order management software to 15 merchants ranked in the new Internet Retailer 2015 Top 500 Guide, including Bed Bath & Beyond Inc. (ranked No. 80), Groupon Goods (No. 30) and PureFormulas.com (No. 401). It also supplies customer relationship management (CRM) and fulfillment services to many of those retailers, and 27 e-retailers in the 2014 Second 500 Guide use NetSuite’s order management system and other services.

In total, the company says more than 3,000 business-to-business and business-to-consumer companies use its SuiteCommerce e-commerce platform. More than half of those customers are B2B, and last year it launched a new set of B2B software tools for its SuiteCommerce e-commerce platform.

In combining the marketing capabilities of Bronto with the e-commerce platform, order management and inventory visibility of NetSuite, the companies believe they have a unique opportunity to enable retailers to market to customers more effectively, Bronto CEO Joe Colopy and NetSuite general manager of commerce products Andy Lloyd said.

“Going forward, think about a retailer that’s sending out email marketing to their customer list,” Lloyd says. “They have specific items they want to market to that customer. If they send out the exact same email to all clients, they may be promoting an item that’s not in stock in the store a mile down the road from some customers. Now you’ll be able to do things like send email to consumers that takes into account not only their purchase history, but also things like what’s in stock in a local store.”

The companies will operate separately, and both are planning major hires. NetSuite plans to add 1,000 employees this year, Lloyd says, and Bronto is on track for an additional 100 hires, mostly at its headquarters in Raleigh-Durham, N.C.

Thirty-seven merchants in the 2015 Top 500 Guide, including JustFab Inc. (No. 98), Nasty Gal Inc. (No. 112) and CafePress.com (No. 140), and 67 merchants in the 2014 Second 500 Guide name Bronto as their email marketing provider. (The 2015 edition of the Second 500 Guide will be released in mid-May.)

NetSuite and Bronto say they will be able to supply retailers, manufacturers, wholesalers and distributors with NetSuite’s e-commerce and accounting software integrated with Bronto’s marketing tools.

“This combination, for the first time ever, ties a rich marketing automation system with a cloud-based omnichannel commerce platform.  The capabilities this solution will deliver are transformational,” says NetSuite CEO Zach Nelson. “Just as customers demand seamless cross-channel shopping experiences, they increasingly expect companies to communicate consistently through all of their digital experiences – on site, at stores, in email or through social or mobile.  By combining the two companies’ offerings and technology, we can help merchants deliver relevant and consistent digital commerce experiences throughout the customer journey.”

The deal is expected to close in the second quarter of 2015, subject to certain closing conditions and regulatory clearance.