NZ Great Plains users optimistic about Microsoft buy-out
- 23 January, 2001 22:00
New Zealand users of the midrange ERP package Great Plains Software are buoyant at the news that the company will be acquired by Microsoft for $1.1 billion in stock.
Great Plains will become a separate division within Microsoft's business application division.
Great Plains started off as an accounting software company but in the past two years it has been chasing the ERP market aiming at mid-sized companies along with companies such as Epicor (which has just closed its New Zealand sales office).
Its ERP solutions will help propel Microsoft into the midrange applications market.
Great Plains itself has acquired several companies in the past year, expanding its product base. It bought RealWorld, a developer of accounting and business solutions, for $US5.5 million; financial reporting software specialist FRx Software and human resources and payroll software company PWA Group; and business software rival Solomon Software, for about $US140 million.