Compel has plugged a gap in its e-business consultancy portfolio by snapping up top Oracle reseller Midas for £4m.
Midas - the only Oracle Certified Advantage Partner in the UK - will be integrated with Compel's Oracle consultancy to form CompelMidas.
Rob Thompson, managing director at Midas, will head the new group, which will operate as a wholly-owned division reporting to Compelsolve, Compel's business solutions division. It will have offices in Hungerford, Warrington, London and Scotland.
Paul Berry, business development director at Compelsolve, said Compel had bought Midas as it could not provide a complete solution. The acquisition is expected to generate new business as it can become involved in bids earlier, he added.
The buy joins its "existing technology integration skills and our solution focus," Berry said.
Thompson said: "People were saying to us that they didn't just want Oracle front-end, they wanted the back office as well. We felt that if we weren't able to provide the whole solution, we would get overtaken."
Nigel Thomas, marketing director at Oracle, said that the acquisition was "positive as it shows the Oracle channel is starting to mature and grow".
Neville Davis, chief executive at Compel, said: "We now have exceptional capability to consult, design and implement a back-office-to-front-office, business-to-business or business-to-consumer Internet solution."
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