BusinessCompany NewsMicrosoft aims for more acquisitions

Microsoft aims for more acquisitions

Software giant Microsoft may make further acquisitions of accounting software companies, despite spending over £1.5bn on two companies over the past 18 months.

The company is still waiting to receive the green light on its attempt to buy Danish company Navision in a near £1bn deal, however it believes the deal will be given the go ahead by regulators.

It has already moved to acquire Great Plains in a £757m buy-out, but Simon Edwards, UK managing director of Microsoft Great Plains, told Accountancy Age the spending may not have ended.

He said: ‘I wouldn’t be surprised if the company was to make further acquisitions in the future.’

Managing director of software company Eclipse, Gary Waylett, a Microsoft Great Plains partner, added: ‘From Microsoft’s point of view this is a great move.

‘They now have coverage in Europe (Navision) and the US (Great Plains). If they are looking for worldwide coverage, then that leaves a company with a strong presence in Asia as the next target.’

Acquisitions may also be made as the company looks to gain a larger customer base or additional products.

Once the acquisition has been completed, Navision will become part of Microsoft’s Business Solutions division. Navision’s corporate headquarters in Vedbaek, Denmark, will become the centre of development and operations for Microsoft Business Solutions in Europe, the Middle East and Africa, and will become Microsoft’s largest product development centre outside the US.

Microsoft Great Plains recently revealed that it was stepping up plans to partner accountants, as part of a bid to boost its presence in the software market.

The company is ‘looking for firms that add value’ to its business, with partnerships with firms, such as those it has with Tenon arm Tenon Technology and BDO Stoy Hayward, to become increasingly prevalent.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor