M-hance adds Maxima Microsoft biz to line-up

Recently-created business software reseller m-hance has made good on its promise to keep predecessor Calyx Software's acquisition strategy alive with the £6.8m purchase of Maxima's Microsoft, Intellect and Document Managed Services units.

Recently-created business software reseller m-hance has made good on its promise to keep predecssor Calyx Software's acquisition strategy alive with the £6.8m purchase of Maxima's Microsoft, Intellect and Document Managed Services units.

The Better Capital-backed firm is on the hunt for both Microsoft GP resellers and ISVs with vertical-centric IP of their own to build front-end, vertically-targeted solutions for industries such as education, non-profit, financial services and manufacturing.

The firm had its inception late last year with the merger of seven disparate brands, including Calyx Software, with the aim of targeting the often-neglected midmarket Microsoft Dynamics space.

The Maxima divisions made combined sales of just over £7m in the 12 months to the end of May 2011, and have EBITDA of slightly under £2m. The purchase cost includes £6.5m in cash on completion and £300,000 deferred until mid-2014.

Betetr Capital portfolio head and Calyx chairman Nick Sanders commented: "Following the recent sale of the Agresso reseller business and three previous bolt-on acquisitions m-hance has now been repositioned as a strong and rapidly growing mid-market software provider."

Read more on Business Intelligence Tools and Services

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

ComputerWeekly.com

SearchITChannel

Close