2 min Applications

Forterro acquires manufacturing ERP solution myfactory

Forterro acquires manufacturing ERP solution myfactory

The company nearly doubles their customer count and expands total market in the DACH region

This week Forterro announced its second acquisition of 2021. The new addition to the Forterro stable is the German-based ERP vendor myfactory. According to the company, the acquisition will nearly double the customer base Forterro has in Germany.

The move will add 2,000 active customers and 96 sales partners in the DACH region and the Netherlands, according to Forterro. This means the company is becoming one of the largest ERP providers in Europe, with more than 11,000 customers across its brands.

Dean Forbes, CEO of Forterro, commented, “myfactory is a tremendous win for Forterro. We have gained an extremely well-run business that has been steadily growing for the past 20 years and has already taken the steps to transition both its product and its customers to the cloud. Our primary goal will be to fuel the company’s continued growth and momentum.”

myfactory will remain as a standalone within Forterro

David Lauchenauer, CEO of myfactory, will continue in the general manager role. The existing management team is also staying, according to the company’s press release. Over time, there may be changes with the Forterro brand becoming more prominent. It is something that Forbes spoke about in an interview with Enterprise Times published later this week.

Lauchenauer commented, “We’ve developed one of the most complete, fully integrated cloud ERP solutions available in the European market today. Having achieved this position of strength, we saw it was the right time to find a strategic buyer that would help us go even further with what we’ve built.

“In Forterro, we saw a partner that not only has the infrastructure and capital we need for growth, but much more importantly, a strategy that values our brand, our people, our products and the investments that have been made by our existing customers. I simply couldn’t be happier with where we’ve landed.”