K3 Business Technology Group plc acquires Clarita Solutions Ltd

K3 Business Technology Group plc (“K3″ or “the Group”)

Announces Acquisition of Clarita Solutions Ltd

K3, which supplies and supports Enterprise Resource Planning (“ERP”) software to the supply chain industry, is pleased to announce the acquisition of Clarita Solutions Ltd (“Clarita”), which provides Microsoft Dynamics NAV ERP solutions (“NAV”) to the retail and distribution markets.

Clarita represents a highly complementary ‘bolt-on’ acquisition, which will be readily integrated into K3’s existing operations. As well as delivering NAV solutions to retailers, Clarita is also an established distributor of K3’s Pebblestone fashion distribution software solution.

Andy Makeham, Chief Executive of K3, said, “Clarita is a well-established NAV reseller in the UK focused on the same market sectors as K3. It therefore represents a highly complementary acquisition, which we can readily integrate into our existing operations. Its addition brings us £1 million of recurring revenues and another 70 customers to whom we can offer further software services and solutions, including hosting.”

Read the full Press Release

Tags: Clarita Business Solutions, K3, Microsoft Dynamics NAV

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