Oracle NetSuite specialist Fusion5 has made its fourth acquisition in three months, announcing that it will be taking over Aotearoa NZ firm IntegrationWorks.
IntegrationWorks was founded in 2005. Its acquisition will add another 80 people across seven offices in NZ, Australia, and the UK.
“IntegrationWorks has significant skills, expertise and referenceability over a wide range of integration solutions and technologies,” Sven Martin, chief executive of Fusion5, said in a release.
“The acquisition will see the addition of 80 highly-skilled integration consultants to our existing integration and innovation pillar, and bolster our ability to compete and deliver customer projects even more effectively in this space.”
According to IntegrationWorks’ founder and CTO, Grant McKeen, the company will work independently within the Fusion5 group. “Our customers will be exposed to a raft of new opportunities and services, with access to Fusion5’s significant project management office and support team, as well as a broad range of business solutions they’d normally need to go elsewhere for.”
Acquisition spree
Three other acquisitions that Fusion5 has made in just the last three months include:
- GoCloud – A Wellington-based consulting and managed services provider with particular capabilities across Azure and AWS.
- Vigilant I.T. – A Sydney-based managed services provider with expertise serving the manufacturing, financial/insurance services, and government sectors.
- Liberate I.T. – A NetSuite business solutions company with 30 employees across six Australasian locations.
Fusion5 is by no means the only channel player investing in growth through acquisition across A/NZ this year. As many have noted, consolidation has been a recurring theme as businesses aim to capitalise on the significant opportunities in the market while also managing the difficulties that a nationwide IT skills shortage is bringing.
Another factor behind this acquisition spree is likely that Fusion5 itself has recently changed hands, with BGH Capital acquiring the company from Waterman in December last year.
In that acquisition announcement, Waterman noted that BGH was one of the largest private equity firms and that BGH’s interest in the company was, in part, due to its ability to “successfully position the Group as a scarce independent Australasian IT services platform of scale.”
M&A activity continues to be one of the top stories in the APAC channel. Just last month, advisory Attura announced it would acquire Exent.