In May, Adonix announced that it has acquired 100 percent of the shares of Progetto Integra S.p.A., the holding company that controls most of the shares of Gruppo FORMULA S.p.A. (www.gformula.com). Gruppo FORMULA is the leading provider of mid-market enterprise software and services in Italy. Since Gruppo FORMULA is a publicly traded company on the EuroNext stock exchange in Brussels, the agreement is subject to approval by the Italian regulatory authorities.
Prior to this latest acquisition, Adonix had about 1,000 employees, 8,000 customers, 150 partners, and was present in 27 countries. Its North American office locations are in Pittsburgh, Pennsylvania and Tarrytown, New York. It has a direct presence in France, Spain, Italy, United Kingdom, Portugal, with resellers', system integrators', and consultants' presence in Canada, Mexico, China, Holland, Morocco, South Africa, and Tunisia. With a network of 2,500 trained professionals, Adonix believes to be well positioned for delivery of crafted ERP solutions and services to the underserved "Fortune 50,000" of mid-market companies, and to be experienced in managing multi-national projects due to local assistance, support, and expertise for customers in these markets.
The FORMULA acquisition should add $70 million (USD) in annual revenues to the Adonix Group, as well as 600 employees and 800 customers. As a result, the Adonix Group should now become a $200 million organization, with more than 1,500 people and nearly 9,000 customers worldwide. Nevertheless, Adonix intends to expand even more internationally, since its experience from European user organizations with international presence, and its recent product development strategy present a good expansion opportunity to become a significant player for midsize enterprises well outside Europe. Almost 80 percent of the license revenue comes from Adonix' indirect channel, but of which approximately 60 percent is still from France.
FORMULA's Diap@son application is the market share leader for enterprise systems in Italy's mid-sized business sector, and should help bolster the Adonix product line with technology, expertise, and a customer base that complements Adonix' evolving growth strategy. Diap@son is a broad extended-ERP solution, with a range of specific components for each selected vertical market, customized to the swift modes of operation and technologies required by the globally competitive Internet era and developed to support the core process of various functional business areas such as logistics, business management, customer relationship management (CRM), SCM, and business intelligence (BI).
In the last few years the product has been remarkably extended in the administrative area, with the release of a specific module of centralized treasury, and in the logistics and production area, with the new maintenance modules, and multi-site functions. Seen from a technological point of view, Diap@son 6.0 has introduced the new Web-based Java interface, which is more usable and flexible, and according to the "user work area" theory, it adapts to both business process-based planning, as well to the traditional working functions-based planning. Moreover, even the product's core business logic includes some components completely re-written in Java, which has been the result of FORMULA's technical strategy, better known as the "revolution under the hood". Namely, the user is able to perceive the existence of the new Java components only from the improved performances, whereas these components are otherwise seamlessly combined with the components based on more traditional technologies.
Diap@son 6.0 did not alter the product's portability and internationality. Its support for UNIX, IBM iSeries, Microsoft Windows, and now Linux platforms and its multilingual and multi-localization capabilities, which are the two features that have always differentiated FORMULA's product and its success in Italy, are still intact. Like its new parent's counterpart product, X3, Diap@son's architectural structure is characterized by integration and openness, since, from the start, it has been integrated with the standard "extended" components of the classic ERP, including CRM, SCM, advanced planning and scheduling (APS), service and maintenance, etc.
These product extensions have been produced by FORMULA in cooperation with its partners, in order to obtain a solid and flexible integration that completes the suite. Moreover, the 6.0 version introduced other two new components. Diap@son Corporate Portal and Diap@son Integration Server were developed together with Broadvision and Novell. With Diap@son Corporate Portal, the client is able to leverage enterprise portals including any type of internal or external services, keeping the ERP as the native component of the portal. On the other hand, Diap@son Integration server leverages the opposite process by exposing ERP functions such as Web services, and making them accessible and usable from any other kind of internal or external application, as long as it is authorized.
Prior to this latest acquisition, Adonix had about 1,000 employees, 8,000 customers, 150 partners, and was present in 27 countries. Its North American office locations are in Pittsburgh, Pennsylvania and Tarrytown, New York. It has a direct presence in France, Spain, Italy, United Kingdom, Portugal, with resellers', system integrators', and consultants' presence in Canada, Mexico, China, Holland, Morocco, South Africa, and Tunisia. With a network of 2,500 trained professionals, Adonix believes to be well positioned for delivery of crafted ERP solutions and services to the underserved "Fortune 50,000" of mid-market companies, and to be experienced in managing multi-national projects due to local assistance, support, and expertise for customers in these markets.
The FORMULA acquisition should add $70 million (USD) in annual revenues to the Adonix Group, as well as 600 employees and 800 customers. As a result, the Adonix Group should now become a $200 million organization, with more than 1,500 people and nearly 9,000 customers worldwide. Nevertheless, Adonix intends to expand even more internationally, since its experience from European user organizations with international presence, and its recent product development strategy present a good expansion opportunity to become a significant player for midsize enterprises well outside Europe. Almost 80 percent of the license revenue comes from Adonix' indirect channel, but of which approximately 60 percent is still from France.
FORMULA's Diap@son application is the market share leader for enterprise systems in Italy's mid-sized business sector, and should help bolster the Adonix product line with technology, expertise, and a customer base that complements Adonix' evolving growth strategy. Diap@son is a broad extended-ERP solution, with a range of specific components for each selected vertical market, customized to the swift modes of operation and technologies required by the globally competitive Internet era and developed to support the core process of various functional business areas such as logistics, business management, customer relationship management (CRM), SCM, and business intelligence (BI).
In the last few years the product has been remarkably extended in the administrative area, with the release of a specific module of centralized treasury, and in the logistics and production area, with the new maintenance modules, and multi-site functions. Seen from a technological point of view, Diap@son 6.0 has introduced the new Web-based Java interface, which is more usable and flexible, and according to the "user work area" theory, it adapts to both business process-based planning, as well to the traditional working functions-based planning. Moreover, even the product's core business logic includes some components completely re-written in Java, which has been the result of FORMULA's technical strategy, better known as the "revolution under the hood". Namely, the user is able to perceive the existence of the new Java components only from the improved performances, whereas these components are otherwise seamlessly combined with the components based on more traditional technologies.
Diap@son 6.0 did not alter the product's portability and internationality. Its support for UNIX, IBM iSeries, Microsoft Windows, and now Linux platforms and its multilingual and multi-localization capabilities, which are the two features that have always differentiated FORMULA's product and its success in Italy, are still intact. Like its new parent's counterpart product, X3, Diap@son's architectural structure is characterized by integration and openness, since, from the start, it has been integrated with the standard "extended" components of the classic ERP, including CRM, SCM, advanced planning and scheduling (APS), service and maintenance, etc.
These product extensions have been produced by FORMULA in cooperation with its partners, in order to obtain a solid and flexible integration that completes the suite. Moreover, the 6.0 version introduced other two new components. Diap@son Corporate Portal and Diap@son Integration Server were developed together with Broadvision and Novell. With Diap@son Corporate Portal, the client is able to leverage enterprise portals including any type of internal or external services, keeping the ERP as the native component of the portal. On the other hand, Diap@son Integration server leverages the opposite process by exposing ERP functions such as Web services, and making them accessible and usable from any other kind of internal or external application, as long as it is authorized.
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