PRESS RELEASE: EMERALDCUBE SOLUTIONS ACQUISITION
Syntax becomes industry–leading JD Edwards Service Provider with the acquisition of EmeraldCube Solutions
The Montreal-based company acquires EmeraldCube Solutions to strengthen its Oracle JD Edwards offering with Amazon Web Services (AWS) Public Cloud capabilities.
MONTREAL, JANUARY 24, 2019 – Syntax Systems (“Syntax”), a leading provider of cloud-managed ERP services is pleased to announce the acquisition of EmeraldCube Solutions, an Atlanta-based company providing business technology solutions to JD Edwards customers. This acquisition extends Syntax’s capabilities by adding EmeraldCube’s industry-leading software solutions such as EmeraldPrism, EnCrypto, FraudID and EmeraldVision. With the addition of EmeraldCloud, an end-to-end business application deployment and management platform based on Amazon Web Services’ (AWS) Public Cloud, Syntax is now even better positioned to help its customers and prospects with their journey to the Public, Private and Hybrid Cloud. Syntax is a portfolio company of Novacap TMT IV, a Montreal-based private equity firm, which also provided the equity financing for the transaction.
This acquisition creates undisputed strength to implement and manage JD Edwards ERP deployments with strong technical and functional consulting services, complementing our fully managed Private, Public and Hybrid cloud-based solutions. Syntax continuously invests and delivers leading security and automation for JD Edwards clients, whether hosted on AWS or on Syntax’s Enterprise Private Cloud. This acquisition enhances our offerings, which include 24/7 Managed Services for Syntax Enterprise Private & Public Cloud and end-to-end application support of JD Edwards.
EmeraldCube pioneered the deployment of JD Edwards in the number-one Public Cloud space (AWS). Its vision, superior automation, created a unique and innovative one-of-a-kind capability that made it the number-one provider of JD Edwards Managed Services in the Public Cloud.
“We have always been prone to innovate and adapt to an ever-changing environment to benefit our clients. We wanted to help our customers with their journey to the cloud while increasing our capabilities for the JD Edwards and Oracle ecosystem in general. We are very excited to join forces with EmeraldCube Solutions,” says Christian Primeau, CEO of Syntax. “They understand the importance of innovation that contributes to customers’ success and have an extensive history with a Public Cloud offering. We will benefit from their expertise and vast pool of talent.”
“I am excited EmeraldCube Solutions is joining Syntax, a company renowned for its innovation, people and customer focus. When we look back on all Syntax has accomplished, the choice and the fit are obvious. We are now looking forward to leveraging our combined talent and proven capabilities as we embark on our next phase of growth,” says Marcelo Tamassia, Partner at EmeraldCube Solutions.
MVP Capital Advisors served as exclusive financial advisor to EmeraldCube on this transaction.
Founded in 1981, Novacap is a leading Canadian private equity firm with $2.3 billion of assets under management. The firm’s unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies. For more information, please visit www.novacap.ca
Since 1972, Syntax has been providing comprehensive technology solutions to businesses of all sizes throughout North America. Syntax delivers the best combination of software, infrastructure and cloud solutions to meet the needs of its diverse range of customers. Syntax partners include Oracle, IBM and other world-class technology leaders. Learn more about Syntax by visiting www.syntax.com
About EmeraldCube Solutions
EmeraldCube Solutions is an Atlanta-based Amazon Web Services Advanced partner and Oracle Gold partner, providing business technology solutions to Oracle customers. We challenge traditional assumptions about support, including how to get the most out of your Oracle investment. The result is innovation that saves our customers time, makes them smarter in their use of data and frees them to focus on their core business. Oracle customers turn to EmeraldCube Solutions for proprietary tools and know how that they simply can’t find anywhere else. With our experienced team customers improve stability, facilitate user access to key business metrics (BI), and solve a host of common concerns – fraud, security, and more – to fully leverage their IT infrastructure. Learn more about EmeraldCube by visiting www.emeraldcube.com
MVP Capital Advisors provides merger and acquisition, private debt and equity capital raising, and strategic and valuation advisory services to the technology, media, telecommunications and renewable energy sectors. For more information, please visit www.mvpcapital.com.