Consona Gains Reference Architecture for Cloud ERP; Enters the Distribution ERP Market
Consona Corporation, a privately held company jointly owned by Battery Ventures VI LP and Thoma Bravo LLC and worldwide leader in providing customer relationship management (CRM) and enterprise resource planning (ERP) software and services for companies of all sizes, today announced that it has closed on its acquisition of Compiere Inc., a leading provider of cloud-based, open-source ERP and CRM software in a stock deal. Details on the value of the transaction were not disclosed.
According to Jeff Tognoni, CEO of Consona Corporation, the deal positions Consona to become a leading provider of enterprise-class, cloud-based business solutions, as well as provides the company with an entry point into the distribution ERP market. “Compiere’s modern, model-driven architecture and cloud-based delivery and upgrade model set the standard for how ERP software will be purchased and maintained in the coming decades,” he said. “We’re absolutely thrilled to build on Compiere’s expertise as we expand our investment in cloud computing.”