View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 10, 2005

Axon acquires US SAP consultant Feanix

SAP consulting and services firm Axon Group has acquired Feanix, a provider of SAP consulting services to the US aerospace and defense industry, for $23.5m.

By CBR Staff Writer

Under the terms of the deal, Axon will pay $12m in cash, and issue 2.8m new shares worth a total of $11.5m, to complete the purchase.

Feanix was formed in February 2004 from a management buy out of Xansa’s SAP practice in the US. The company, which employs about 85 people, had revenue of approximately $12.2m in its first year of trading.

Egham, UK-based Axon is looking to establish itself in the US following a strong performance in its home market and continental Europe in 2004. For the year ended December 31 2004, revenue from clients based outside of Europe more than doubled, growing to GBP 5.3m ($10m) from GBP 2m ($3.8m), though European sales still account for 91.2% of the company’s total revenue.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU