BrazilExact expands PSA solutions with acquisition of Gripp
International ERP-provider Exact has expanded its suite of solutions for the professional services industry with the acquisition of Netherlands-based Gripp.
Founded in 2012, Gripp provides professional services automation (PSA) solutions to firms that work on a project basis, such as consulting firms, communication agencies, architecture firms, engineering companies and marketing agencies, among others.
Gripp’s solution provides its users with end-to-end support for operations, from sales and business development to project management and delivery, invoicing and reporting. Using the software, partners can gain instant insight into financials and progress, project managers can real-time follow the status of deliverables, time writing and project budget, while finance teams gain insight in receivables and payables.
With the acquisition of Gripp, Exact significantly bolsters its services and solutions to the professional services industry, and adds 1,600 firms that use Gripp to its roster. “This strengthens our position in the services sector,” said Paul Ramakers, who succeeded Phill Robinson in November last year as the CEO of private equity-backed Exact.
The deal comes at a time of major disruption for the professional services industry. Facing changing client and consultant demands, and the need to operate more efficiently and agile, firms are increasingly turning to technology to give them an edge in the marketplace. PSA solutions form the backbone of this much-needed digital transformation of internal operations.
As a result, “PSA solutions are in high demand,” said Ramakers, who added, “Together with Gripp, we are creating a very broad offering with advanced cloud solutions for the professional services sector.”
The acquisition is Exact’s first in 2021, and comes months after the bolt-on of Belgian HR cloud software provider Officient.
In related PSA news, last month UK-based Kimble secured a “significant growth investment” from private equity.
