Kony Solutions Buys Aussie Sky Technologies As Mobile Enterprise Consolidates
Some consolidation is afoot in the world of mobile enterprise services. Orlando, Fla.-based Kony Solutions has bought Sky Technologies, a mobility solutions provider specializing in SAP implementations based in Melbourne, Australia. Both companies are private and the financial terms of the deal were not disclosed.
The deal is the first acquisition for Kony, which has to date raised $34.1 million, including $15 million this past May, from investors including Insight Venture Partners.
The acquisition comes on the heels of increasing attention in the area of mobile enterprise solutions, with activity coming from different directions: just yesterday the device maker HTC invested $35.4 million in Magnet Systems, another provider of mobile enterprise services, as part of its refocus on that part of the market as its investments in consumer services have proven less successful.
Sky Technologies has 35 employees and all will come on board as part of the deal. The company will operate as a subsidiary of Kony, a spokesperson told TechCrunch.
The deal not only gives Kony more global reach and access to a new part of the software market with the SAP expertise, but it will also effectively double the size of its customer base. Prior to the acquisition, Sky Technologies had over 100 customers Global 2000 companies. While Kony has around 70, they are larger, falling into the Fortune 500 category.
Kony has to date been focused on developing mobile enterprise solutions and app management that can work on any device and operating system, as well as HTML5. Its flagship product, KonyOne, is a development environment that allows businesses to build and launch both enterprise and consumer apps. Customers include Aetna, CIBC, Independence Blue Cross, Scottrade and Sun Life Financial.
The merger will also give existing Sky Technologies customers access to services that cover Siebel, Peoplesoft, Microsoft Sharepoint and other non-SAP environments, the company says.
If the trend is for converged solutions covering both desktop and mobile, this is where Kony also wants to play: “This move makes Kony Solutions the undisputed mobile and multichannel application platform leader, with a strong roster of customers of all sizes, across multiple industries and regions,” Raj Koneru, CEO of Kony Solutions, said in a statement. “By combining forces with Sky, Kony enables our customers to partner with a single provider for all their mobility and multichannel needs.”
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