JCurve Solutions acquires Thailand operations of Rapid E-Suite
JCurve Solutions Limited, an Australian cloud solutions technology company, has wrapped up its previously announced acquisition of the business assets of the Thailand operations of Rapid E-Suite.
The deal was announced earlier this month.
Rapid E-Suite is a Singapore-based Oracle partner that offers automated solutions for the implementation, management, and maintenance of Oracle Cloud Offerings.
The company is an Oracle NetSuite member status solution provider.
Rapid E-Suite was paid S$250,000 and a further S$50,000 on achieving a non sales milestone as agreed.
Through the deal, JCurve Solutions has acquired Rapid E-Suite’s existing 20 customers in Thailand, the related business contracts, and local development intellectual property in Thailand.
For the year ended 30 April 2021, Rapid E-Suite Pte from its Thailand operations had earned A$0.6 million in revenue.
At the time of signing the deal, Stephen Canning – CEO of JCurve Solutions said: “Southeast Asia is a strategic growth region for JCurve Solutions, and the acquisition of Rapid E-Suite further extends both our reach and capabilities, including an experienced team of ERP professionals.
“We are excited by the opportunity ahead of us and look forward to supporting Thai customers with their business transformation efforts in the coming months and years”.
Earlier this month, JCurve Solutions also announced the completion of the acquisition of Creative Quest Events and Marketing Services, a Philippines-based digital marketing agency.