Private Equity
Business technology company Acumatica is taking advantage of a cash infusion from its new majority owner to make an acquisition of its own, part of a larger effort to outpace competitors such as Microsoft, SAP, and Oracle in the market for cloud-based enterprise resource planning software. The Bellevue, Wash.-based company, which was acquired last year by private equity fund EQT Partners, has acquired its longtime partner JAAS Systems, a manufacturing software company based in Columbus, Ohio, where Acumatica also has an existing presence.