iOCO snaps up ERP firm as acquisition machine cranks up
- iOCO has made its second acquisition in four months by agreeing to buy Astraia Technology.
- The acquisition is part of CEO Rhys Summerton's strategy to return iOCO to 'serial acquirer' status.
- Astraia Technology specializes in cloud ERP implementations and financial software integration.
The strategic focus on smaller acquisitions appears to be a prudent approach for iOCO, allowing for manageable risks while aiming for growth. However, the success of this strategy will depend on the effective integration of acquired companies and the ability to meet performance targets.
