K3 Acquires Microsoft Dynamics AX Partner Sense Enterprise Solutions

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UK-based ERP and supply chain software provider K3 announced that it has acquired Sense Enterprise Solutions Ltd., a provider of Microsoft Dynamics AX ERP solutions to the manufacturing and distribution markets, for £1.2 million cash.

K3 said it was paying £350,000 out of respect of surplus cash in the business at completion of the acquisition and it will pay another £0.9 million based on certain performance criteria. As part of the deal, K3 will acquire 40 Sense customers.

"I am delighted to announce the acquisition of Sense," said Andy Makeham, Chief Executive of K3, in a statement. "Microsoft Dynamics AX is strategically important to K3 as a fast growing market. Sense was one of the first ...

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