Netsuite partner Annexa acquires Grant Thornton's software business

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Netsuite partner Annexa acquires Grant Thornton's software business

Melbourne Netsuite partner Annexa has announced plans to expand into Sydney by acquiring the software division from tax and business advisory firm Grant Thornton.

Annexa partner and solutions lead Matthew Owens said the acquisition was part of the company's broader expansion strategy.

“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,” he 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.”

Along with a presence in Sydney, the acquisition brings Annexa's staff headcount to more than 40.

Grant Thornton isn't traditionally known as a tech company, but the $218 million-dollar tax firm does operate a technology advisory and solutions practice. In 2015, Grant Thornton acquired Sydney IT consultancy and SaaS firm Consult Point Group, which brought over Netsuite capabilities along with consulting and integration offerings. Grant Thornton is also one of the cloud services providers to make the Federal government's procurement panel.

Grant Thornton technology advisory and solutions partner 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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