Tangerine Software, a Montreal, Canada-headquartered enterprise software solutions provider, has sold its Sage X3 cloud ERP business practice to Europe-based 4CAD Group.
The transaction also includes an agreement to have 4CAD represent Tangerine's Nectari business intelligence software in North America and Europe. Nectari is an analytics and data management solution that is also branded and sold by Sage and its partners globally, as Sage Enterprise Intelligence (SEI).
Sage X3 is a suite of integrated software applications for mid- to large-sized businesses, allowing them to manage their operations through one system.
Tangerine has been a main Sage partner in North America for the last 20 years, and today bills itself as the biggest Sage X3 organisation in Canada.
4CAD Group sells PLM (product lifecycle management), ERP, IoT and CRM solutions. As part of the deal, 4CAD will be taking space in Tangerine's new offices in Montreal, where the Nectari and Sage X3 teams there will work alongside each other.
“The timing of the sale was right for both companies,” said Greg Brown, president of Tangerine. “My partner, Benoit Trottier, and I are looking to focus our efforts on growing our global Nectari BI business, and 4CAD is looking to grow its Sage X3 presence significantly in North America through acquisition. 4CAD's very successful Sage X3 business in Europe, and their commitment to becoming a major Sage X3 partner in North America, were the main reasons why selling our X3 practice to them made sense. I look forward to working with 4CAD in the coming months to ensure a seamless transition for employees and customers.”
“Our team continue to grow while entering new markets and serving new customers,” said Stéphane Letheule, president of 4CAD Group. “The acquisition of Tangerine Software's Sage X3 practice will allow us to accelerate our expansion in North America, where customers will benefit from 4CAD's wealth of Sage X3 consulting services and a number of value-add, mission-critical solutions in our portfolio.”
