Austin-based Magnitude Software has made its seventh acquisition since raising a $100 million war chest four years ago.
Magnitude said it is purchasing Dutch company Every Angle Software Solutions, which provides business analytics software to businesses using SAP.
SAP is one of the most widely used business software systems by corporate customers.
Financial terms of the deal were not disclosed.
Magnitude was founded in 2014 through the merger of two software firms, Noetix Corp., based in Redmond, Wash., and Kalido, based in Burlington, Mass.
The company sells business intelligence, corporate performance management and other business software.
In 2014, Magnitude raised $100 million to buy software companies in the business information management sector. The lead investor in the deal was Audax, a private equity firm based in Boston.
Magnitude’s acquisition strategy targets software companies with annual revenue ranging from $10 million to $50 million.
“We’re very maniacal about finding the right fit for our strategy,” Magnitude CEO Chris Ney told the American-Statesman in a previous interview. “We’re laser focused on the functionality and integration of the technology for solving problems.”
Every Angle is Magnitude’s third acquisition in the past eight months. In December, it purchased Innowera, an Irving-based SAP-focused software startup. Terms of that deal were not disclosed.
Ney said Every Angle expands Magnitude’s presence in the SAP market by adding new tools that let users more easily find and analyze critical information.
“Magnitude’s mission is to simplify the complex application landscape for our customers and help them realize significant productivity gains,” Ney said.
Magnitude has more than 500 employees, including about 70 at its downtown Austin headquarters.
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