Enterprise resource planning (ERP) firm Acumatica is set to be acquired by Vista Equity Partners.
“Our partnership with Vista not only marks a significant milestone in Acumatica’s history but also is a strong endorsement of the real-world value we deliver to the market and our customers,” John Case, CEO of Acumatica, said in a Thursday (May 29) news release. “Vista’s investment can help power our AI-first product strategy and further strengthen our thriving Community of partners, developers and customers, working together to find better ways to work and redefine business management software for everyone.”
According to the release, Acumatica’s ERP platform lets small- and medium-sized businesses (SMBs) digitally manage and automate processes like payroll and customer relationship management (CRM) in one system, designed for sectors including manufacturing, distribution, construction, retail, and professional services.
“Acumatica is an ascendant, cloud-native ERP platform that has become a leading provider of mission-critical tools that enable small and mid-sized businesses to run more efficiently and effectively,” said Monti Saroya, co-head of Vista’s Flagship Fund and senior managing director.
“With its industry-leading, strong partner ecosystem and growing presence in markets embracing cloud-based business technology, we believe Acumatica is well-positioned to lead the shift toward modern, integrated ERP solutions,” Saroya added.
The deal comes at a time when “ERP platforms are now centralizing core finance, procurement and treasury operations on a single source of truth,” as PYMNTS wrote recently.
This unified architecture can allow for consistent data governance, streamline compliance and enhance collaboration across business units.
For example, real-time insights into supplier performance and payment cycles help both finance and operations teams manage risk and ensure continuity. At the same time, application programming interfaces (APIs) and integrations with FinTech solutions are creating a flexible, future-proof finance ecosystem.
Meg Garand, head of CashPro Payments and CashPro API at Bank of America, told PYMNTS last year that an increasing number of partnerships between banks and FinTechs are letting ERP and treasury management system providers optimize their own software solutions.
“These modern back-office solutions provide predictive scenario planning that can enable CFOs to simulate everything from currency fluctuations to supply disruptions and regulatory changes,” PYMNTS added. “The result is not just better forecasts, but the ability to make proactive decisions with confidence.”
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