Home Strategy Annexa acquisition of Grant Thornton to drive expansion

Annexa acquisition of Grant Thornton to drive expansion

Australian cloud software provider Annexa has acquired Grant Thornton Technology Solutions as part of a broader expansion strategy.

Annexa says the acquisition of Grant Thornton’s Sydney software division is the next pivotal step in its growth and development.  

Annexa partner and solutions lead Matthew Owens says, “as a strategic partner with Oracle NetSuite, this acquisition will allow us to deliver the highest level of professional services to our customers both nationally, and on a global scale”.

According to Owens, Annexa has been instrumental in supporting the global expansion of some of Australia’s “largest and most respected brands”, including REA Group, Aesop and T2.

He claims there has been significant interest in AnnexaConnect, Annexa’s omnichannel systems integration capability, and the acquisition of Grant Thornton Technology will enable AnnexaConnect to build on its presence in the Sydney market.

“It allows us to strengthen our position in the Sydney market, while opening us up to new verticals including the not-for-profit sector.”

Grant Thornton Australia partner, technology advisory & solutions, Alex Gelman said Annexa had a depth of relevant specialist expertise “as one of the largest cloud-based NetSuite Partners in APAC”.  

“Under Annexa’s leadership and ownership, the business will be strengthened, enhancing customer experience and focusing on supporting its customers to maximise business outcomes through cloud technology.”

Owens says the acquisition was made official on 1 July, taking the Annexa team to more than 40 employees, and claims it has boosted the company’s portfolio value by 30%.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).