Cloud software vendor Acumatica has been acquired by EQT Partners, a private equity group based in Sweden. Terms of the sale were not disclosed. 


EQT already owns IFS, a Sweden-based group that markets financial software. Acumatica will continue to operate as an independent company with no changes in managements.  “What EQT has been looking to do is bolster IFS as a global cloud player,” the spokesman said.

IFS had revenue of $154 million for the year ended March 31, an increase of 29 percent from fiscal 2018. Acumatica does not disclose revenue.

Last modified on Wednesday, 19 June 2019
Read 692 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings


For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue


Background Color
Text Color


Background Color


Select menu
Google Font
Body Font-size
Body Font-family
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline