Fronde Acquires OnlineOne
Wellington and Sydney, 8.30am 1 May 2013 (NZST) IT services company, Fronde, today announced it has acquired 100% of OnlineOne, a privately held Australian-based cloud design and integration business specialising in NetSuite Enterprise Resource Planning (ERP) solutions, for an undisclosed sum.
The acquisition will enhance Fronde’s cloud integration offering for Australasian enterprises while also allowing leverage of NetSuite capability into the New Zealand market, particularly in the areas of ERP and Financial Planning.
Fronde CEO, Ian Clarke, is very positive about the impact this will have on Fronde’s three year old Australian business and says the acquisition will create critical mass for the existing Sydney-based business with proven local leadership.
“As well as expanding our footprint into Victoria and Queensland, this acquisition will increase Fronde’s NetSuite capability in Australasia and will enhance our ability to accelerate our clients’ business goals through cloud integration,” said Clarke.
Clarke said Fronde has enjoyed a long relationship with OnlineOne - initially as the implementer of Fronde’s internal NetSuite ERP system - and together share a joint vision of transforming customers’ businesses through cloud technology.
As part of the acquisition, OnlineOne co-founders, Don McLean and Craig Traub, have given long-term commitments to Fronde and will report directly to CEO, Ian Clarke. Don McLean has been appointed General Manager of Sales Australia, with Craig Traub appointed General Manager of Operations Australia.
Don McLean says that there will be no change for OnlineOne clients who will continue to enjoy their existing relationships with the same OnlineOne staff, with the same level of service, and who will immediately benefit from a broader offering of cloud products and services.
“We recognised that Fronde and OnlineOne share a common vision in delivering cloud-based solutions to our customers. With similar culture and values, together we will be better positioned to deliver a new industry standard for business cloud systems in all areas of service, quality, delivery and support.
“We are looking forward to joining the Fronde team and are excited by the new opportunities this acquisition will bring to our employees and our clients in both markets,” said McLean.
OnlineOne employees and contractors will continue to be based in Sydney, Melbourne and Queensland. The employees joining Fronde will expand Fronde’s team to over 320 people with significant potential to further grow technology jobs.
Clarke confirmed that this transaction has no relationship to the advice from the Board to shareholders on April 11th that they not sell their shares. The Board will update this advice as more information becomes available.
For further information, please contact:
- (NZ) Hannah Delaney, Fronde: m +64 27 636 0010
- (NZ) Emma Jackson, PR Partners: m +64 21 985 655
- (AU) Anne Guethoff, Marketing Management Partners: m +61 401 219 192
1 May 2013