Solution 6 grabs exo-net

Solution 6 is buying Auckland, New Zealand-based e-business software developer exo-net for $30 million.

Exo-net, which is represented in New Zealand, Australia and Singapore, will be run independently from Solution 6.

The 50-staff company claims 2500 end users for its e-business software, which ties an online store front with an accounting supply chain back end.

Tim Molloy, marketing manager of Solution 6, says exo-net's enterprise resource planning (ERP) software, B2B e-commerce transaction engine and online Web shops will deliver a perfect fit with Solution 6's e-business strategy.

Solution 6, which supplies accounting systems, taxation software and practice management systems to chartered accountants, will make exo-net's software available as an ASP (application service provider). Small and medium-sized businesses will be able to rent the software through their accountant's Web site, with the software hosted by exo-net.

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