Great Plains acquires Solomon Software
US-based mid market business solutions provider Great Plains has revealed it has agreed a deal to acquire Solomon Software.
The deal, which is expected to be completed during June, will consist of the issuance of 2,600,000 shares and a cash payment of $35m.
Great Plains said the move is designed to expand its mid market e-business presence.
‘For nearly 20 years, Great Plains and Solomon have pursued the same vision. This combination of people, products and technologies creates unparalleled business opportunities for our respective partners and increases our ability to help transform mid market business into e-business,’ said Doug Burgum, Great Plains chairman and CEO.
Solomon will operate as the Solomon business unit of Great Plains and will continue to deliver the Solomon line of software.