ASX-listed integrator, UXC (ASX:UXC), has announced yet another acquisition, this time picking up boutique SAP services and support company, Intacct Business Consulting.
The Victorian-based SAP integrator will be the cornerstone of UXC's new OxygenExpress SMB business, which will focus on delivering SAP's All-In-One and Business One software applications. The SMB team will sit underneath UXC's Oxygen subsidiary.
Intacct's managing director and founder, Patrick Saundry, has become general manager of OxygenExpress and will report to Oxygen CEO, Mike Smith. All 12 staff are expected to be retained.
Intacct was founded in 1994 and provides financial and management consulting services as well as software project management and integration to a range of corporates including Aquanita Racing, Dunbier Marine, Maton Guitars and TCL Electronics. The purchase price has not been disclosed but is a multiple of current earnings and will include cash and shares, UXC said.
In a statement, UXC chairman, Geoff Lord, said Intacct broadened UXC's position in the SAP services market and complemented its Oxygen arm.
"Intacct has strong financials, strong growth plans and a great management team," he said.
UXC Business Solutions managing director, Cris Nicolli, said SMB had been a key area of focus for the company via its Microsoft Enterprise business and products such as Dynamics AX.
The expansion of its SAP mid-market capabilities will effectively give UXC customers three choices: Microsoft, SAP and JD Edwards, he said. He admitted there could be some overlap in customers, but said the company will look to build vertical specialisations around these solutions.
For example, the integrator had developed Microsoft vertical expertise around mining and the wine industry, aged care and clinical organisations.
"The real reason we have gone into this space is that we want to continue to be a good partner to SAP and offer clients choice in leading edge products and services," Nicolli said. "We see the SAP mid-market range as being a very releavnt solution to the mid-market, and SAP is investing resources and effort into getting into that space."
A fourth acquisition has also been flagged and is due to be announced shortly.