Original URL: http://www.channelregister.co.uk/2005/04/10/axon_buys_feanix/
Axon buys US SAP consultancy for £12.5m
US revenue hike
Posted in IT Channel, 10th April 2005 20:28 GMT
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Axon, the UK-based SAP consultancy, is beefing up its US business through the acquisition of Feanix Corporation for £12.5m in cash and shares.
Feanix was formed last year through an MBO of Xansa’s US SAP practice and generated $12.2m revenues in it first year of trading. It has "more than 85" consultants working with the likes of Sikorsky Aircraft, Pratt & Whitney and the Goodrich Corporation.
Axon claims a run rate of $20m revenues from the enlarged US business.
Press release here (http://www.axonglobal.com/pages/about_us/news/us_acquisition.asp). ®
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