Rootstock acquires Kenandy as ERP on Salesforce platform consolidates

Acquisitions

Summary

Rootstock, a cloud supply chain and manufacturing vendor built on Salesforces platform, said it will acquire Kenandy, which focuses on enterprise relationship management applications.Kenandy combines quote to cash and ERP into one cloud application and can reach more industries.With the purchase, Rootstock CEO Patrick Garrehy said the company will have the scale to compete with Oracle-NetSuite, Microsoft and SAP.Kenandy, founded in 2010, will add more developers to help Rootstock combine its applications with Salesforces various clouds.Kenandy also builds cloud applications built on the Salesforce platform and in some ways takes out a Rootstock rival.

Classifications

industries
Fintech & Banking
applications
ERP & Process Management

AskAI Classifications

Labels
SaaS CRM Software Enterprise Software

Linked Companies

Salesforce
$1B+