Tempe, Ariz. (Aug. 12, 2004) -- Fast-growing Tectura leapfrogged rivals with its acquisition of Aston Business Solutions this week to become the largest reseller of mid-market accounting software, as the reseller market has changed dramatically in the last two months.
The Tectura run rate will be “a nice, conservative $160 million a year,” says Tectura chief executive Terry Petrzelka, who has assembled the company rapidly through acquisitions over the past two years. Tectura will now employ more than 1,100 people. The deal shoots Tectura well ahead of ePartners, an Irving, Texas-based reseller, which hit a reported annual run rate of $74 million with its July purchase of EYT of Chantilly, Va.
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