SAP AG has acquired Praxis Software Solutions and will integrate the company's Web-based CRM and e-commerce capabilities into SAP Business One, which targets small and midsized companies.
Financial terms of the deal weren't disclosed. Minneapolis-based Praxis, a private software company, had previously been a Business One partner.
Last year, SAP acquired start-up iLytix Systems, which specializes in reporting and budgeting tools, and promptly incorporated those features into Business One. Business One is itself the result of the 2002 acquisition of TopManage. The product, which offers companies a set $3,750 per-named-user fee for ERP and accounting functions, competes with offerings from Microsoft Business Solutions and Sage Software.
SAP said that the transaction continues its strategy of targeted, fill-in acquisitions that add functionality to its broad solution portfolio while continuing to grow its business organically. Praxis has more than 100 customers using its software.
Praxis' flagship products include integrated e-commerce package NetPoint Commerce and online CRM package NetPoint Focus.
"The new e-commerce and CRM capabilities will enable SAP Business One to outdistance other offerings by providing even greater visibility and integration across the entire business," said SAP senior vice president of solution management Gadi Shamia, in a statement. "We are committed to providing our customers with applications they value most by enabling them to increase revenue with an integrated set of tools to boost both traditional and e-commerce sales."
Previously on WebCPA:
Yankee Group: Accounting Software Ruled by Triumvirate (May 16, 2006)
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