Charlotte, NC – BMI announces the sale of its client, Ideametrics, a cloud consulting company to Smart ERP Solutions, Inc., a portfolio company of Third Century.
Headquartered in New York, Ideametrics is an Oracle-certified gold partner, specializing in streamlining business and IT operations for organizations. They offer core services for Oracle systems, including HCM, ERP, and EPM.
Established in 2005, Smart ERP Solutions offers innovative, customizable, and cost-effective services to address common business challenges, in addition to offering a full portfolio of professional services for its clients. As an Oracle Cloud Services Partner and approved Cloud Standard Implementation Partner, they specialize in enhancing ERP applications, including Oracle Cloud, PeopleSoft, JD Edwards, and E-Business Suite.
Third Century is an Atlanta, Georgia-based private equity firm focused on investing in middle-market founder-led and family-owned businesses in the business services, IT services, and industrial / energy services sectors.
Commenting on the acquisition, Matt Tortora, M&A Advisor at BMI said, “The Ideametrics management team had built a very well-run organization over 16 years and brings a well-established presence not only within the Oracle partner ecosystem but also with clients in the Higher Education space. They found an excellent acquisition partner in Smart ERP. There are a lot of obvious synergies here that should enhance the value and solutions they’re able to provide existing and future clients. It’s a great partnership for everyone involved.”
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