Los Angeles-based Information Technology Group Inc. has acquired Xcelerate LLC, a reseller of Sage Accpac ERP and Sage CRM software based in Chicago.
Financial terms of the deal were not disclosed. The combined firm will operate as Arxis Technology Inc. and serve over 450 clients in four major markets -- including southern California (Los Angeles and Orange County), Chicago and Phoenix.
The firm said that operating as a combined entity will allow it to expand service offerings and increase the consulting resources available to clients.
ITG’s Sage Accpac consultant and project manager Jean Sheridan, will return to her native city to become director of Arxis’ Chicago practice. As part of the transition, Xcelerate founder and principal Jan Goodman will relocate to Scottsdale, Ariz., to build the Phoenix practice. Arxis Technology principal David Cieslak described the moves as “simply the best ‘two-for-one’ opportunity” the business had ever encountered.
The Arxis name comes partially from the Latin word arx, which means citadel or fortress. The company also said the name change will help clients tomore easily identify and understand the services available from the firm’s sister accounting and financial planning entities -- Arxis Financial Inc. and Arxis Wealth Management LLC -- respectively.
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