Denovo Announces Acquisition Of CD Group
When firms are already leaders in their industry, they can't afford to fall behind the competition. But the right partnership can give any business quick access to the skills it needs to stay on top.
Denovo is one of the leading providers of Oracle Cloud Applications, JD Edwards and E-Business Suite services in the market today. Recently, the company announced that it had made an agreement to acquire CD Group, one of the largest JD Edwards consulting and managed services providers.
In a press release, Denovo leaders stated that both companies have proven themselves to be early leaders in JD Edwards services, making this deal a logical conclusion to years of work. Going forward, they hope the partnership will allow them to continue to maintain their lead in this ear, while also offering clients assistance with Oracle Cloud Applications.
"We are excited to team up with Denovo and its cloud and managed service product portfolio to provide additional capabilities to our existing customers," Larry Campbell, Chairman and Founder of CD Group, said in the release. "In addition, our sales and delivery footprint in the southeast and central regions complement Denovo's west, central and east regions to provide a national footprint to assist Oracle and prospective customers in analyzing enterprise application solutions and their cloud alternatives."
Denovo will also reportedly add Equip IQ to its list of intellectual property, which CD Group created. This is an enterprise dealer management solution that helps users improve sales growth and financial performance.
When seeking new skills, a mergers and acquisitions firm can help you negotiate a great deal that will put your company on solid footing for the future.