Technology news

Accordion acquires Oracle NetSuite ERP partner ABACI

Financial and technology consulting firm Accordion has acquired ABACI, an enterprise resource planning (ERP) and enterprise performance management (EPM) consulting firm specializing in NetSuite and adaptive planning.

This is technology M&A deal number 708 that ChannelE2E has covered so far in 2022. Discover over 1,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.

Accordion acquires ABACI

Accordion, founded in 2009, is based in New York, New York. The company has 310 employees listed on LinkedIn. Accordion’s areas of expertise include Financial Services, Consulting, Strategic Finance, Financial Transformation, Transaction Execution Services, Financial Accounting and Advisory Services, Operational Accounting, Technical Accounting and Consulting. performance improvement.

ABACI, founded in 2015, is based in Atlanta, Georgia. The company has 54 employees listed on LinkedIn. ABACI’s areas of expertise include NetSuite, NetSuite Consulting, NetSuite Solution Provider, NetSuite Partner, NetSuite Implementation, NetSuite Custom Development, Scripting and Integration, Adaptive Insights, ERP, budgeting, planning and forecasting, NetSuite SuiteCommerce/SCA, NetSuite Site Builder, OpenAir, SuiteSuccess and NetSuite ARM/revenue recognition.

The acquisition of ABACI, which follows the recent acquisition of consulting firm EPM Platform Specialists, will expand the CFO technology-related solutions that Accordion offers to customers, according to the companies. The acquisition will add 36 professionals to Accordion’s workforce in FinTech consulting and financial digital enablement. It will also increase Accordion’s growing regional footprint with an official office in Atlanta, the companies said.

Accordion acquires ABACI: Executive Insight

Nick Leopard, CEO, Accordion

John Moser, President and CEO, ABACI

Nick Leopard, CEO of Accordion, commented on the news:

“This acquisition fits perfectly with our CFO Tech strategy. The addition of ABACI to the Accordion family completes an essential part of our function-specific technology practice. And this technology has never been more important to PE-backed CFOs or their sponsors. Whether it’s technology to increase data visibility, to assess liquidity, to automate inefficient processes, or to combine operational and financial metrics for a more accurate picture of business performance, the right investment in good technology stack is essential and urgent. Our clients will benefit from ABACI’s deep knowledge of private equity-backed companies and their unparalleled experience implementing NetSuite and Adaptive Planning. ABACI customers will benefit from a more comprehensive suite of CFO services. And all of our employees will benefit from the merger of two companies that put their employees first. Like I said, it’s a perfect fit.

John Moser, President and CEO, ABACI, added:

“Accordion is the right fit for our team and our customers, now and in the future. Not only will this acquisition provide our customers with a broader range of CFO-related technology expertise and more comprehensive support for process-driven efficiency, it will introduce them to a team of like-minded experts who roll up their sleeves and get the job done. Just like ABACI, Accordion values ​​people above all else. We value creating a performance-based culture, where we can help our people achieve their goals and aspirations, and reward them for their hard work. We value entrepreneurship and agility, as well as creating an inviting and engaging workplace. We enjoy working alongside the diligent, but often resource-constrained members of finance teams with whom we engage in the trenches and achieve exceptional results. This acquisition makes this “we” bigger and better for our employees and customers. We couldn’t be more excited to be part of the Accordion team.