Innovia Consulting Acquires Two Firms
Microsoft Dynamics consultancy Innovia Consulting announced the acquisition of 365Vertical and 365 Cannabis. The move expands Innovia's portfolio of industry-focused Microsoft Business Applications, adding specialized enterprise resource planning solutions.
- This is Innovia Consulting's third acquisition since 2022, following the purchase of Dynamic Manufacturing Solutions' Business Central/NAV practice and Canadian Microsoft Dynamics provider Lloyd Business IT Solutions. - The CEO of Innovia Consulting, Alan Wyne, noted that a previous acquisition of a Canadian firm allowed Innovia to expand its presence in that country. - 365 Cannabis provides a comprehensive "seed-to-sale" software solution for the cannabis industry, managing everything from cultivation and processing to finance, sales, and regulatory compliance. - Both acquired companies build their specialized software on top of Microsoft Dynamics 365 Business Central, a cloud-based enterprise resource planning (ERP) system. - The cannabis market's complex and state-varying regulations for supply chains and product types necessitate enterprise-grade, traceable software solutions. - Beyond the cannabis sector, 365 Vertical provides ERP solutions for other industries, including food manufacturing and large-scale agriculture. - Innovia Consulting is a Gold-Certified Microsoft Partner with specializations in manufacturing and food distribution, aligning with the expertise of the acquired firms.
