EQT and Acumatica Announce Agreement
EQT Partners, a leading investment firm with $45B in assets, recently announced an agreement to acquire Acumatica. EQT invests in good companies across the world with a mission to help them develop into great and sustainable companies. EQT will hold Acumatica in the same portfolio as IFS, a $600+ million global, enterprise applications provider of ERP, enterprise asset management and field service management solutions.with offices in 65+ countries and more than 3,600 employees.
Acumatica and IFS are not merging; they will be partner companies and members of the same EQT fund. Both companies are adopting technologies such as Artificial Intelligence (AI) and Machine Learning (ML) features and expect to achieve joint success in that area.