Net At Work Expands Sage Application Expertise With Latest Acquisition
The New York-based solution provider has been on an acquisition tear in the past 18 months, a strategy sure to continue thanks to a recent private equity investment.
Digital operations solution provider Net at Work has acquired PMO Solutions, a Newport Beach, Calif.-based VAR of Sage applications in a move that expands the company’s already extensive position in the Sage software and services arena.
The purchase of PMO Solutions is the latest in multiple acquisitions during the past year and a half by New York-based Net at Work, a solution provider that focuses on small and midsize businesses.
The acquisitions also come close on the heels of a growth investment from private equity firm Lovell Minnick Partners on Sept. 19.
Net at Work, founded in 1996 and No. 261 On the 2023 CRN Solution Provider 500, is a Platinum Elite Partner with software vendor Sage Group, providing consulting, implementation and development services around the vendor’s ERP, CRM and human resources management applications, including the popular Sage Intacct financial management software.
Net at Work utilizes vendors’ IT products to build industry-specific digital operations platforms for its customers. DOP, a concept created by market researcher Forrester, extends ERP applications to include additional capabilities such as business analytics and artificial intelligence.
In addition to being a longtime Sage partner, Net at Work works with ERP, CRM, HR, content management and other business applications from Oracle NetSuite, Microsoft, Acumatica, Adobe, Rippling, Salesforce, Creatio and Concur, among others. The company also provides solutions and services around security, business intelligence, networking and data storage technologies from a number of leading IT vendors including Cisco Systems, Dell Technologies, Symantec, Veeam Software and VMware.
Net at Work already has extensive expertise across the entire Sage product line including Sage X3, Sage Intacct, and Sage 100, 300 and 500 ERP applications. PMO Solutions, founded in 2015, also works with Sage X3, Sage Intacct and Sage 100 applications with an emphasis on project management services. The acquisition is expected to deepen Net at Work’s technical and support capabilities around the Sage application sets.
PMO Solutions’ customers, meanwhile, will benefit from Net at Work’s digital operations platform approach to getting the most out of their applications, according to the two companies.
“An exceptional customer experience is paramount to PMO Solutions,” said PMO Solutions President and CEO James Ramon Gibson, in a statement. “I know Net at Work holds a similar dedication to unleashing the power of their customers to change the trajectory of their business, and so it made perfect sense to unite with Net at Work.”
The cost of the acquisition was not disclosed.
“We are excited to welcome the employees and customers of PMO Solutions to the Net at Work team,” said Net at Work co-founder and co-CEO Alexander Solomon, in a statement. “As a leading technology adviser, we are in strong alignment with the clear vision PMO Solutions has for its future and are well positioned to support and evolve that vision to help employees and customers unleash their full potential.”
In June Net at Work extended its Sage 300 practice with the acquisition of Paragon Consulting Group, a Sage 300 ERP consultancy based in Chicago.
That followed acquisitions of Innovation ERP, a leading Sage X3 and Sage 300 consulting firm, in March; the Sage business advisory and CPA practice of Eide Bailly in November 2022; and Computer Accounting Solutions, a Sage 300 business partner, in June 2022.
The PMO Solutions acquisition comes just over a week after Net at Work’s Oct. 5 acquisition of NexVue, a leading Acumatica business partner and application reseller based in Stamford, Conn. That acquisition, which expands Net at Work’s Acumatica application operations, complemented Net at Work’s April 2022 acquisition of Acumatica partner ProServe Solutions.
Net at Work announced the growth investment from Lovell Minnick Partners (LMP) on Sept. 19, but did not disclose the amount. Lovell Minnick invests in companies focused on financial services, business services and financial technology.
Net at Work said the additional “significant capital” would “propel” the company’s expansion, fueling both the company’s rapid organic growth and its continued acquisition strategy.
“This investment from Lovell Minnick Partners is a significant milestone for Net at Work,” Alexander Solomon said in a statement announcing the investment. “It will not only empower us to better help our customers and partners thrive in today’s digital economy but also to expand the career options for our employees and talent in the market. Together, we will continue to redefine excellence in technology partnership to lead the industry.”
“Net at Work’s track record of success, deep industry expertise, and dedication to client satisfaction make them a natural fit for our portfolio,” said Trevor Rich, partner at LMP, in the statement. “We are excited to work alongside the talented team at Net at Work to support their growth objectives and contribute to their ongoing success.”
“LMP is known for its strong track record of making strategic investments in high-growth companies and we look forward to working closely with them to continue to scale our business,” said Eddie Solomon, Net at Work co-founder and co-CEO, in the statement. “The firm’s extensive experience in the technology and business services sectors aligns perfectly with our focus on the customer and driving business impact.”