Solution 6 buys Exo-net

Solution 6 is buying Auckland, New Zealand-based e-business software developer exo-net for $A30 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 system 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.

Thirty percent of exo-net software is sold through accountant resellers.

Solution 6 says about half the accountants in New Zealand use its software including the Big Five firms. Molloy says through the acquisition exo-net gains access to the 14 countries in which Solution 6 operates.

Exo-net chief executive David McKee-Wright says has spent the past six months looking for capital and distribution partners for exo-net and has found both in Solution 6.

Solution 6 has been providing the SAP's high end ERP software through an ASP since September last year.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

More about Exo-netSAP AustraliaSolution 6

Show Comments