K3 snaps up manufacturing software supplier
17 December 2007
K3 Business Technology, the IT solutions provider to mid-tier retailers and manufacturers, has acquired Index Computer Systems Ltd, a UK-based manufacturing software provider, in a cash and shares deal worth £2.75 million in.
K3 said the acquisition was a highly complementary fit to the existing K3 manufacturing software business.
Chief executive Andy Makeham, said: “Microsoft Dynamics AX is one of the fastest growing technologies in Microsoft's ERP software suite, with sales of Dynamics AX increasing by 75% last year alone in the UK.
“We believe that this acquisition represents an excellent opportunity to strengthen our portfolio of products. Index has in-depth experience of Dynamics AX, particularly in the food sector, and we are confident that our experience of the wider manufacturing arena and their proven technology solution will create a compelling proposition.”
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