EQT Acquires Acumatica
June 19, 2019
EQT VII has agreed to acquire Acumatica, a Bellevue-based cloud-native ERP software vendor, from the company's founders, management and other minority investors; financial terms were not disclosed. Acumatica will remain an independent, channel-focused SaaS business led by CEO Jon Roskill and will operate as a sister company to EQT's existing ERP portfolio company IFS to pursue cross‑pollination of R&D, go-to-market synergies and accelerated growth in the SMB ERP market.
- Buyers
- EQT (EQT VII fund)
- Targets
- Acumatica
- Sellers
- Founders, Management, Other minority investors
- Industry
- Cloud & SaaS
- Location
- Washington, United States
- Transaction Type
- Buyout
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