NetASPx
Saas-based enterprise resource planning solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$54.0m Valuation: $54.0m | Acquisition | ||
| Total Funding | 000k | ||
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NetASPx, founded in 1999, operated as a specialized provider of managed application services, carving out a niche within the information technology sector. The company's core business centered on delivering and managing critical enterprise applications for mid-market companies, facilitating their internal business processes and business-to-business logistics.
The firm's technical specialization was in Lawson Enterprise Resource Planning (ERP) and Kronos Workforce Management and Business Intelligence applications. Rather than just selling software, NetASPx provided the essential infrastructure required to support these complex applications, operating an 18,000-square-foot data center in Minneapolis to serve its clients. This model offered clients a way to outsource the significant challenges and complexities of managing vital IT operations.
The company's trajectory culminated in a significant milestone in September 2007, when it was acquired by NaviSite, Inc. for $40.5 million. This acquisition was a strategic move by NaviSite to broaden its portfolio, which at the time included expertise in Oracle and Microsoft applications. The deal integrated NetASPx's Lawson and Kronos capabilities, expanded NaviSite's customer base, and fortified its presence in the Midwest with the addition of the Minneapolis data center.
Keywords: managed application services, enterprise resource planning, workforce management, Lawson ERP, Kronos, NaviSite acquisition, IT outsourcing, application management, mid-market enterprise software, data center services, business process automation, B2B logistics software, SaaS, managed hosting