QuantiQ has acquired the Dynamics business of Profile Enterprise Solutions which will see 40 Microsoft Dynamics partners move over to QuantiQ.
CEO Stuart Fenton claims the move will bolster the firm’s recurring revenue as Dynamics is moving to a fully SaaS (software-as-a-service) application.
He said that the platform was updated each month and twice a year it goes through major updates.
“It rewards partners with much deeper skills and more scale to support the client, but I have never seen this relentless pace of development from Microsoft in the nearly 30 years I have been in the IT industry and I think the smaller firms are going to struggle to keep up. At Profile the owner recognised they were under scale and couldn’t achieve the success they wanted, so they started talking to us about how they can extricate themselves from the business. I think those trends will continue.”
QuantiQ expects the acquired business to have made a tangible contribution to QuantiQ, via recurring revenue, in around three years.
Fenton said that QuantiQ will continue to eye up acquisitions of this nature, but added that the firm has tended to opt against full acquisitions.
