We are excited to announce Annexa’s acquisition of Grant Thornton’s Sydney technology solutions division as of July 1, 2017.
In partnership with NetSuite Oracle, the move forms part of a broader expansion strategy for Annexa, allowing us to expand our operations into Sydney to ensure a greater on the ground presence. With the head office remaining in Melbourne, the acquisition takes the Annexa team to over 40 employees and boosts our portfolio value by 30%.
Grant Thornton’s existing technology solutions team will make the transition to work with Annexa. The service delivery currently received by existing GTTS customers will be further bolstered by Annexa’s service capability.
Partner and Solutions Lead Matthew Owens describes the acquisition as the next pivotal step in Annexa’s growth and development.
“As a strategic partner with Oracle NetSuite, this acquisition will allow us to deliver the highest level of professional services to our customers both nationally, and on a global scale,” said Matthew.
After significant interest in AnnexaConnect, our omnichannel systems integration capability, this acquisition will enable AnnexaConnect to build on its presence in the Sydney market.
“It allows us to strengthen our position in the Sydney market, while opening us up to new verticals including the not-for-profit sector,” he said.
Our team are looking forward to being able to further support the global growth plans of NetSuite in the wake of the Oracle acquisition.
In the press release issued for the announcement, Grant Thornton Australia Partner, Technology Advisory & Solutions Alex Gelman said, “Under Annexa’s leadership and ownership, the business will be strengthened, enhancing customer experience and focusing on supporting its customers to maximise business outcomes through cloud technology.”
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