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Fronde Acquires OnlineOne
MEDIA RELEASE
Fronde Acquires OnlineOne
Wellington, 1 May 2013 - 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.
ENDS
About Fronde
Fronde is a New Zealand owned Technology Company, in operation since 1992, with over 320 staff across Wellington, Auckland, Melbourne and Sydney. Services include ICT consulting, software development, systems integration, managed services and cloud integration for businesses and government.
As a leading cloud integrator, Fronde has been announced as the Google Enterprise Partner of the Year for 2012 in Australia and New Zealand, is an Amazon Advanced Consulting Partner in the AWS Partner Network, and is a Salesforce Gold Partner. Fronde has a growing revenue of 40+ million, and this year has been placed as number three in the TIN100 “Top Ten Companies to Watch” list.
About Online One
OnlineOne’s mission is to design and integrate cloud-based business management systems for Australian and New Zealand based organisations. OnlineOne has offices in Sydney, Melbourne and the Gold Coast in Australia.
Based on the individual needs of customers, OnlineOne delivers solutions in the areas of accounting, distribution, e-commerce and collaboration. Online One has successfully delivered solutions for their customers in Adaptive Planning, NetSuite and Google Apps for Business.
A pioneer in its field, OnlineOne has recently celebrated 10 years of delivering cloud-based business systems.
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