Socius Buys IBIS Dynamics GP Practice
In a deal between two top U.S. Microsoft Dynamics partners, Socius on Friday announced the acquisition of the Dynamics GP practice of IBIS Inc.
The move expands Socius' national reach and bolsters the Columbus, Ohio-based company's GP practice, which has been around since 1984. With the sale, IBIS will concentrate on Dynamics AX and Dynamics CRM.
Terms of the deal were not disclosed, but Socius gets IBIS' Dynamics GP consulting and development teams and the Atlanta-based company's GP client base.
Socius, one of the two original Master VARs when Microsoft unveiled that model in 2011, currently has 23 affiliate firms and a national business that covers 18 states and includes the entire Dynamics portfolio, as well as Sage and SYSPRO offerings. The addition of the IBIS practice will expand Socius' presence in Georgia, North Carolina, Florida and Texas.
"IBIS Inc. is a solid, strong Microsoft Dynamics partner and I am confident that the consultants joining our team will align well with our vision to fuel our clients' growth," said Jeff Geisler, CEO and senior managing director of Socius, in a statement.
Andy Vabulas, owner and CEO of IBIS, said the move allows IBIS to put a "laser focus" on Dynamics AX and CRM. "It is with mixed emotions that we enter into this agreement to divest our Dynamics GP practice to Socius," Vabulas said in the statement. "This move gives our former Dynamics GP employees and clients new opportunities through working with an organization that now has one of the largest Dynamics GP client bases anywhere."
Posted by Scott Bekker on September 25, 2015 at 2:16 PM