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Microsoft to Acquire Great Plains

Microsoft Corp. announced it has reached an agreement to acquire Great Plains Software Inc., a supplier of mid-market business applications. The acquisition is a stock purchase, with each share of Great Plains stock to be exchanged for 1.1 shares of Microsoft common stock.

The acquisition of Great Plains will allow Microsoft and Great Plains partners to develop their businesses by integrating solutions based on the .NET platform.

Once the acquisition has been completed, Great Plains will become the Great Plains division, reporting jointly to Jeff Raikes, group vice president of Microsoft’s Productivity and Business Services Group, and David Vaskevitch, senior vice president of the Business Application Division at Microsoft. The Great Plains division will continue to develop, market, and support its business management solutions.

“In 19 years of operations Great Plains has proved to be one of Microsoft’s most innovative partner,” said Microsoft president and CEO Steve Ballmer. “Microsoft and Great Plains see the future of business applications for small and medium-sized companies in the same way.” – Isaac Slepner

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

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