CherryRoad Technologies Plans Acquisition

CherryRoad Technologies Inc., a leading integrator of enterprise software and an Oracle PartnerNetwork Platinum Partner, announced today that it has signed a definitive purchase agreement to acquire the U.S.-based Oracle PeopleSoft ERP business of MAXIMUS, Inc. (NYSE:MMS), a leading provider of government services worldwide. The transaction, which includes the current contracts, intellectual properties and assets of the business, is expected to close at the end of September. Terms of the transaction were not disclosed.

CherryRoad, an award-winning expert in Oracle ERP solutions for more than two decades, has made several acquisitions over the past few years as part of its strategic growth plan. The acquisition of the MAXIMUS ERP business – a leading ERP solutions integrator in the U.S. state government sector – significantly expands CherryRoad’s public sector market share, the number of Oracle PeopleSoft applications it supports, and its state-specific tools and methodologies. It also expands the company’s managed services offerings to include remote functional and technical support, 24×7 help desk, and hosting capabilities.

Find more about it here.

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