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All of the core functionality—the system architecture, our unique database, abas Unity, and abas ERP Essentials—are created within abas. Today the company employs 450 people.“Abas is an important strategic milestone for Forterro, as it marks our eighth European ERP software acquisition, and our initial entry into the German market, Europe’s largest manufacturing economy,” said Jeff Tognoni, CEO of Forterro. For our team, our partners, and our customers in the local markets, this is good news,” commented Werner Strub, co-founder and long-time CEO of Abas.The transaction is subject to approval by German antitrust authorities.Board Advisors Deutschland AG acted as M&A advisor and Friedrich Graf von Westphalen as legal advisor to Abas Software AG.Forterro is a group of companies that deliver ERP software to SMEs in specialized geographical or vertical markets. ABAS by far offers the most bang for the buck. And thanks to mobile apps, our users have access to their data and processes anywhere and anytime. Abas ERP is a cloud or on-premise solution for small and mid-sized businesses across various industries.
Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London, Israel and New York. the abas technology platform on which every abas ERP installation is built. Headquartered in Austin, TX, and backed by global investment firm Since 1980, Abas has helped production-related companies around the world create change and profit from digital transformation—with our advanced ERP software, smart business process consulting, and the deep expertise of our employees and partners.All business areas profit from our broad product portfolio which, in addition to core ERP functions, also includes a selection of valuable add-on solutions, from APS and BPM to project management and IOT connectivity tools. We have data on 125 companies that use ABAS Software. We are able to handle all of our business functions through ABAS and also have additional features like Business Apps, Business Intelligence, Vendor and Customer portals, as well as many other features that many other ERP packages didn't have. ABAS Software is most often used by companies with 50-200 employees and 10M-50M dollars in revenue. All content is posted anonymously by employees working at abas ERP. Cost accounting structure Cost accounting in the ERP system is structured so that sub areas, cost type accounting, cost center accounting and cost object accounting, can be … Austin, TX and Karlsruhe, Germany, June 25, 2019—Forterro, a group of European ERP software companies, backed by Battery Ventures, today announced that it has entered into a definitive agreement to acquire Abas Software AG, a privately held ERP vendor, headquartered in Germany, with subsidiaries and partners in 27 countries.. Abas was founded in 1980 and provides a complete ERP …
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