Microsoft finalises Great Plains deal
Microsoft has completed of its £747m acquisition of Great Plains Software, just weeks after the deal received the green light from the Securities and Exchange Commission.
Last month the SEC ruled in favour of Microsoft acquiring the midmarket business applications supplier for $1.1 billion in stock.
Under terms of the acquisition, which was originally announced in December, Great Plains will become a division operating in Microsoft’s Productivity and Business Services Group.
GP will continue to be lead by Doug Burgum, senior vice president of Microsoft and president of the Great Plains Division and his management team.
‘This is a great combination that will benefit our customers, our partners in the industry and our company,’ said Steve Ballmer, CEO of Microsoft.
‘The combined assets of Microsoft’s global abilities, our depth of platform technology and Great Plains’ leading expertise in business applications will make deep business solutions truly accessible to small and midmarket companies.’
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