Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS), a premier Microsoft solutions provider, today announced it has acquired Corporate Renaissance Group Inc. (“CRG”), a leading provider of Microsoft technology, corporate consulting, and business software and systems based in Ottawa, Ontario.
Like Quisitive, CRG is an award-winning Microsoft partner, recently recognized as Canada’s capital region’s #1 partner for Microsoft Dynamics solutions. With over 4,500 customers worldwide, CRG has established themselves as experts in business management, financial management, management consulting and software development.
CRG brings a loyal customer base across both its core consulting business and SaaS offering, CRG emPerform, an enterprise-class employee performance management software solution which accounts for 30% recurring revenues. For more than 30 years, CRG’s seasoned leadership team and host of talented employees have been delivering solutions in Microsoft Dynamics, Microsoft SharePoint, business intelligence, financial and costing principles and employee performance management.
“Teaming up with the CRG team is an important milestone in realizing Quisitive’s growth vision. CRG expands Quisitive’s geographic base throughout Canada, United States and the Caribbean and compliments our Microsoft Azure and Microsoft Office 365 cloud services by adding CRG’s expertise in the implementation, customization and support of Microsoft Dynamics,” said Quisitive CEO Mike Reinhart. “CRG also introduces a change to our business model as they have annual recurring revenue which is more predictable revenue for our shareholders. This transaction accelerates our collective opportunity to become the premier Microsoft solutions provider in North America for Microsoft business solutions and cloud innovations.”
The combination of Quisitive and CRG is expected to create the foundation for the Microsoft Partner of the Future. The collective team of business, financial, management and technology consultants create a unique value in the market for enterprise organizations looking for a consulting firm that has a deep understanding of the appropriate business applications of Microsoft cloud technology.
“We’re excited about joining forces with Quisitive,” said CRG president Dr. Vijay Jog. “Not only will this combination enable us to scale our Dynamics 365 enterprise performance business throughout North America, it also provides the foundation to expand our cloud service offerings by leveraging Quisitive’s Microsoft Azure and Microsoft Office 365 expertise.” In connection with the completion of the Transaction, Dr. Jog was appointed to the board of directors of Quisitive where his worldwide consulting experience in strategy and value creation is expected to have a significant impact on the Company’s growth strategy roadmap.
How the CRG Acquisition Fuels the Partner of the Future Vision
The combination of Quisitive and CRG will create the foundation to execute our vision to build the Microsoft Partner of the Future, bringing forth:
Microsoft Specialization: CRG’s deep expertise in Microsoft Dynamics now gives Quisitive full Microsoft cloud platform capability across all three Microsoft Clouds: Dynamics, O365 and Azure.
Geographic expansion into Canada: CRG’s location in Ottawa is a complement to our Toronto practice and their established Canadian customer base helps Quisitive in further establishing our international North American presence. CRG has a strong and loyal customer base in the US, Canada and the Caribbean, with over 4,500 customers worldwide within their core consulting business and SaaS offer.
Industry Strength: CRG’s SaaS offering, emPerform, is an enterprise-class employee performance management software solution that complements Microsoft Dynamics 365 for Talent platform and brings deeper access to the office of HR and Operations.