Cloud ERP company Acumatica has acquired Vertrax, a provider of cloud-native software solutions for the fuel and energy distribution industry and a longtime Acumatica partner.
Financial terms of the deal weren’t disclosed.
Vertrax will operate as a business unit of Acumatica under the Vertrax brand, according to a July 14 media release.
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“Vertrax’s exceptional industry-specific IP, built on the Acumatica platform, delivers significant benefits to its growing customer base,” Acumatica CEO John Case said in a statement. “Our shared commitment to customer success makes this a natural fit, and together we’ll deliver great value to fuel and energy distribution companies.”
The acquisition, which was finalized on July 2, brings a team of more than 40 to Acumatica.
Current products, services, customer relationships, pricing, contracts, and ongoing projects will continue without interruption, both companies say.
“Joining Acumatica creates exciting opportunities for our customers and our team,” Vertrax CEO Vinny Mullineaux said in a statement. “Our business is growing rapidly, and with Acumatica’s backing, we can accelerate that momentum. By combining our deep expertise in fuel and energy distribution with Acumatica’s cloud ERP platform and robust ecosystem, we can deliver even more value to the industry while continuing to provide the specialized knowledge and trusted support our customers rely on.”
Photo credit: Acumatica
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Tags: acquisitions, Acumatica, Technology, Vertrax
