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SSA as the "Wal-Mart of Software"
Chicago-based SSA Global Technologies continued its rapid-fire acquisition run this week with the purchase of EXE Technologies, a global supply chain management (SCM) group, for about $50 million.
The deal comes quick on the heels of two other strategic acquisitions -- enterprise resource planning (ERP) player Baan for $135 million from Invensys and Elevon Inc., an "extended enterprise" software firm, for $20 million. The deal is also the fourth in the last three months -- in June, SSA had bought Ironside Technologies, yet another ERP provider. The company had earlier this year also picked up InterBiz from Computer Associates and Infinium, a process ERP solution.
SSA, a privately-held company backed by giant investment groups Cerberus and General Atlantic Partners, is pursuing the strategy of becoming what CEO Michael Greenough calls “the Wal-Mart of software” at least in the ERP realm. With few strong ERP competitors serving the middle market, SSA sees little competition from the ponderous one-stop solutions of firms like Siebel.
Headquartered in Chicago, SSA has 121 worldwide offices in 45 countries, and customers in 90 countries.
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