By: Linda Rosencrance
Microsoft Dynamics partner RoseASP, a provider of cloud and hosting for Dynamics AX, GP, NAV. SL, and CRM, has been acquired by private equity firm ESW Capital LLC.
Michael Bone, who has more than 20 years of corporate leadership experience in the IT and software industries, has joined RoseASP as its new chief revenue officer.
RoseASP joins other cloud providers – and competitors – that have been picked up by private equity companies, including Concerto, WatServ, and OneNeck IT Solutions. In addition, WennSoft was snagged by private equity firm LLR Partners and ClickDimensions has received a round of growth equity investment from Accel-KKR.
RoseASP CEO Linda Rose is retiring from the day-to-day operations of the company and moving into a management advisory position. Bone is taking over Rose’s role in sales and marketing, with new duties to be announced.
RoseASP customers can expect “business as usual” as the RoseASP team expands and transitions to new leadership, according to company officials.
“I’m excited to be leading RoseASP’s growth and look forward to strengthening and expanding our services in a way that ensures long-term stability and success for our customers,” Bone stated. “What excites me about RoseASP is the relentless dedication to provide best-in-class ERP hosting and commitment to serving our customers and partners. Those core values will continue to provide a strong foundation on which we can strategically grow and expand our service offerings.”
Rose plans to spend some time to “begin enjoying the great outdoors” and is hoping to hike a good part of the Pacific Coast Trail in Northern California and Oregon. She has also set her sights on hiking Hawaii’s Napali Coast in the fall.
As she takes her leave of the Dynamics channel, Rose stated, “I want to give a big shout out to the women in the Dynamics Channel. There [are] so few of us and even fewer women entrepreneurs. Please continue your quest to encourage more women in technology and continue to be a great inspiration to your daughters and sons.”