Companies

K3 Business Technology Group

Overview

K3 Business Technology Group is an enterprise software supplier with a focus on the manufacturing and retail sectors. The base of the manufacturing software business is a mature business bought from Kewill in 2000. This provides strong recurring revenues and the customers can migrate to other group software. K3 added SYSPRO software reseller IEG in June 2005 and, in 2007, paid 13.8m for its main rival McGuffie Brunton. SYSPRO is a Microsoft-based software aimed at smaller companies. The purchase of Index for 3m in 2007 has taken K3 into the process sector. The purchase of Alpha Landsteiner, back in 2004, took K3 into the retail market. It added the Netherlands-based Landsteiner business in September 2007 at a cost of up to 13.6m. One of its attractions is its strong relationship with IKEA.

Sector: Technology

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