Findex buys Microsoft business applications practice from FiveP

01 March 2024 Consultancy.com.au 2 min. read
Profile
More news on

Professional services firm Findex has landed a major boost to its digital consulting business through the acquisition of FiveP’s Microsoft Business Applications practice in Australia.

Melbourne-based IT consultancy FiveP has offloaded its Microsoft Business Applications (MBA) practice to national accounting and advisory network Findex for an undisclosed sum, in a deal set to double the size of the latter’s digital consulting business over the next two years.

In parallel, FiveP has also spun off its healthcare messaging solution Baret, and will now focus on its Microsoft Teams and SharePoint business while expanding into other domains.

Findex buys Microsoft business applications practice from FiveP

Findex COO Julian Maloney described the purchase as a ‘thrilling first’ for the company. “We are excited to have acquired this leading MBA practice from FiveP, which is a key milestone in the delivery of our strategic plan to enhance our end-to-end digital services offering and value for our existing portfolio of clients, especially those within the mid-market in both metropolitan and regional areas across Australia and New Zealand.”

According to the two firms, which will continue to work in partnership, all of FiveP’s existing Microsoft 365 and Dynamics business applications clients and more than a dozen professionals will now cross to Findex, which is part of the international Crowe network and boasts over 100 locations throughout the A/NZ.

Findex has already expanded this year through the addition of Gillespie Advisory in Canberra, adding to a 3,000-strong regional headcount.

Speaking on the transaction, Microsoft’s A/NZ chief partner officer Vanessa Sorenson said: “This highlights the high level of demand we’re seeing in Microsoft Dynamics solutions as businesses realise that they’re sitting on an enormously valuable and underutilised asset – their data. Having a champion to help businesses unlock this value across A/NZ is vital to boosting our countries’ productivity and growth and we’re excited to support Findex in this new chapter.”

A new positioning

Founded a decade ago in Melbourne, FiveP will now effectively split its services and products divisions in two, with the FiveP brand to continue in delivering workplace solutions across Microsoft Teams and SharePoint while further expanding into security, identity, and Copilot AI offerings.

Its healthcare messaging platform Baret meanwhile will pursue expansion into the US and wider Asia Pacific markets as a standalone business under the guidance of former FiveP CMO Matt Krosch.

“The partnership with Findex will support the next stages of innovation and growth for FiveP and Baret along with delivering our mutual customers Microsoft 365 and Dynamics 365 solutions to link people, data, and processes to unlock innovation for businesses,” stated FiveP co-founder and CEO David Dennis. “We are entering our next stage of growth in the SaaS space led by the impact that Baret is delivering for health services across Australia.”