SSA Global Technologies has completed its acquisition of Elevon, a global provider of advanced e-business and collaborative commerce solutions for medium and large-sized customers. Pursuant to this transaction, SSA GT has acquired 100 percent ownership of Elevon for an aggregate price of approximately US$20,466,458 in cash.
Elevon brings more than 125 customers spanning a variety of manufacturing and services industries to SSA GT's existing client base.
“Similar to SSA GT, Elevon has large world-class customers such as Shopko, ADT and Ryder," said Mike Greenough, president, chairman and CEO of SSA GT.
“Elevon’s customers will now have the same opportunity to extend the value of their IT investment through SSA GT’s extension solutions and technologies, such as corporate performance management, supply chain management and customer relationship management.”