Welcome!

News Feed Item

Syntax announces the acquisition of Core Services

Syntax Now Offers Best in Class Cloud Based ERP Services for Both Oracle JD Edwards and Enterprise Business Suites Users Throughout North America

MONTREAL, April 20, 2017 /PRNewswire/ - Syntax Systems ("Syntax"), a leading provider of cloud managed ERP services, is pleased to announce the acquisition of Core Services Corporation ("Core Services"). Together, the combined entities will create one of the leading North American technology services firms offering best in class cloud managed services, application managed services and consulting services for Enterprise Resource Planning (''ERP'') applications employed by mid and large enterprises. 

The acquisition was financed with equity provided by NOVACAP with participation from Private Advisors and Northleaf Capital, and members of the Syntax and Core Services management teams.  Financial terms of the transaction were not disclosed.

The new combined entity will have employees in offices across the USA, Canada, India and Argentina. Syntax is headquartered in Montreal, Quebec and Core Services in Somerset, New Jersey.

"This transaction is an important milestone for Syntax's evolution as a world-class technology leader. What we find particularly attractive about Core Services' is its innovation-driven business model, custom monitoring solutions, exceptional client base, and most of all, its team of talented and highly qualified professionals" said Syntax Co-CEO Ryan Etinson.  "Syntax and Core Services share very similar cultures.  Both companies have long histories of constant investment in their businesses and employees, and we can count on that pattern continuing. Core Services also boasts a great record for sales growth, operational excellence and high-quality customer service. It shares our vision of being the #1 ERP Cloud Provider", added Syntax Co-CEO Kenny Etinson.

Ted Mocarski, Chairman of Syntax and a Senior Partner at NOVACAP, added "This transaction represents an exciting next step in our plan to create the leading provider of cloud based ERP services throughout the world and we are confident both companies will capitalize on each organization's strengths."

Jim Bistis, founder and CEO of Core Services, commented "It gives me immense pride to see the team and customers of Core Services become part of the Syntax family, a company renowned for the quality of its products and services. I am confident that this union will bring value to both organizations. I am grateful to be able to hand over the reins of Core Services to such dedicated managers and to Syntax's great entrepreneurs and I wish them every success."

TM Capital served as Core Services' exclusive financial advisor in connection with this transaction, and TD Securities (USA) LLC served as exclusive financial advisor to Syntax.  TD Securities (USA) LLC served as Administrative Agent and Joint Bookrunner and Joint Lead Arranger with National Bank of Canada for the senior secured credit facilities with participation from CapitalSource, a division of Pacific Western Bank and Webster Bank, N.A.

ABOUT SYNTAX

Since 1972, Syntax has been providing comprehensive technology solutions to businesses of all sizes throughout North America. Syntax delivers the best combination of software, infrastructure and cloud solutions to meet the needs of its diverse range of customers. Syntax partners include Oracle, IBM and other world-class technology leaders. Learn more about Syntax by visiting www.syntax.com

ABOUT NOVACAP

Founded in 1981, Novacap is a leading Canadian private equity firm with over $1.6 billion of assets under management. The Firm's unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies. For more information, visit www.novacap.ca.

ABOUT CORE SERVICES CORPORATION

Profitable every year since its founding in 1990, Core Services Corporation, an Oracle Platinum Partner and OAUG Three Star Partner, delivers expert Oracle Applications implementation, development, and support to clients worldwide via its Cloud Managed Services and Consulting services.  Additionally, Core Services is authorized to sell and service the Oracle Applications, leveraging Oracle's Business Accelerators.  For more information about Core Services, visit www.coreservices.com.

 

SOURCE Syntax Systems

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...