Inoapps buys Crocus ahead of further expansion plans

Acquisition of rival Crocus comes in the wake of £10m investment from growth fund BGF and heralds further international expansion

Expansive Oracle partner Inoapps has acquired competitor Crocus Consulting for an undisclosed sum following a £10m growth capital injection from Business Growth Fund (BGF).

Leicester-based PeopleSoft specialist Crocus provides comprehensive business and industry solutions focused on human capital management, and brings clients including hardware retailer Wilkinson and healthcare provider BUPA.

Its 45 employees will all transfer across to the new owners, including MD Chris Smith, who will now become Inoapps VP of Applications Division.

Inoapps, which has UK bases in Aberdeen, Edinburgh and Derby, and recently opened new offices in Bahrain and Malaysia, said the addition of human resource and payroll services to its portfolio would help build a more significant practice around Oracle BI – the firm has designs on making £50m turnover by 2015 – and heralds imminent expansion into the US, according to chief exec Andy Bird.

“The acquisition of Crocus brings valuable skills and experience to Inoapps. The Crocus team has built a solid business through delivering continuous improvement and value to its clients,” said Bird. “They have a strong industry focus on financial services as well as expert knowledge of the PeopleSoft applications.”

Crocus’ Smith added: “There are exciting synergies between Inoapps and Crocus. Acting as one organisation we will be able to combine our experience and expertise in order to bring even more value to our customers.

“As a group, the former Crocus management team is committed to the deal and we will all be working with our new colleagues in order to continue to deliver the best results and optimum value to our clients.”

MicroScope+

Content

Find more MicroScope+ content and other member only offers, here.

Read more on Business Intelligence Tools and Services

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

ComputerWeekly

SearchITChannel

Close