Menu
Deal done: Waterman Private Capital to acquire 55 per cent of Fusion5

Deal done: Waterman Private Capital to acquire 55 per cent of Fusion5

Fusion5 spies growth with the backing of private equity player

Credit: Dreamstime

IT services provider Fusion5 has filled out some details of its deal with private equity company Waterman Private Capital in the wake of a Reseller News story last week.

Waterman will acquire a 55 per cent shareholding in Fusion5, the company said, describing the deal as a "partnership".

Waterman would support the business applications company’s growth objectives in New Zealand and Australia. 

"As a major shareholder in Fusion5, Waterman shares our enthusiasm for transforming our business into a significant provider of new initiatives, rich expertise, consultancy, and game-changing innovation," said Rebecca Tohill, Fusion5 chief executive A/NZ.

"Waterman’s investment in Fusion5 strengthens our position in the market, and enables us to grow more quickly, take advantage of high growth opportunities, and provide an even more comprehensive range of solutions and services to our customers."

Rebecca Tohill (Fusion5)Credit: Supplied
Rebecca Tohill (Fusion5)


Fusion5 has expanded its staff numbers, capabilities and solution portfolio through an ongoing acquisition strategy, the company said.

The recent addition of Mindfull, a business intelligence consultancy with around 30 staff, raised Fusion5’s revenue to $100 million and its headcount to 470 staff across nine offices.

"With Waterman on board, Fusion5 will continue to grow both organically and through acquisition," Tohill said. 

"The market is presenting many opportunities across all our vendor partnerships and we are excited to take advantage of these."

Fusion5 offers a range of digital transformation business solutions, applications, consulting services, cloud, and managed services as well as support and training. 

Expertise covers enterprise resource planning, HR/payroll, customer relationship and experience management, IT service management, and infrastructure. 

The company is also known for vertical solutions developed across several key industries.

The company has over 900 customers, spanning multiple countries and it is a partner for global technologies including Microsoft, NetSuite, Oracle JD Edwards, IBM and Ivanti.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags MicrosoftOracleIBMnetsuitefusion5jd edwardsIvantiWaterman Private Capital

Brand Post

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments