The NAV People (TNP) has completed the acquisition of certain UK NAV-focused assets from the administration of K3 Business Technology Group’s Microsoft Dynamics business unit.
The transaction provides continuity of service to over 100 NAV customers.
Since FPE Capital’s investment in 2018 TNP has doubled customer numbers through its support-led marketing engine to existing users of NAV systems, new business central implementations and this acquisition.
The transaction was funded in cash at completion from TNP’s balance sheet.
FPE Capital Managing Partner Henry Sallitt stated: “This transaction accelerates the revenue growth being achieved by TNP as customers upgrade legacy business applications and migrate deployments to the cloud.”
Paul White, Executive Chairman of TNP, added: “The transition to the cloud creates real challenges for our smaller competitors, and a significant opportunity for those who have the depth to deliver the services that customers require.”