Great Plains acquires Solomon Software

Software maker Great Plains has acquired Solomon Software in a cash and stock deal worth about $140 million. US-based Great Plains made the deal to absorb some of its former competitor’s technology and staff. Great Plain‘s will operate Solomon as a separate business unit.

Both companies make software that aids small and medium-sized businesses perform management chores such as accounting, payroll and electronic commerce. The addition will increased the size of Great Plain''s customer base to 130,000 and increase its workforce to 2,220. "The existing Great Plains business share best practices and collaborate on next-generation research and development activities," the company said.