We scored some coverage this week around UXC’s acquisition of Tripoint Online, an erstwhile competitor of Red Rock who had run into trouble of late. UXC will roll Tripoint into our business and subsequently the acquisition makes Red Rock the largest Oracle partner in Australia.
It is important to note – and I’m pleased that the AFR article does so – that we have been growing organically at a very steady pace without the acquisition but obviously the extra experience and customer relationships will help us. In fact iTnews did carry the quote from UXC MD, Cris Nicoli that:
“A large attraction for us in proceeding with this deal includes the fact that Tripoint brings a high pedigree in PeopleSoft consulting combined with a mature service delivery model and strong multi-vendor partnerships that will compliment Red Rock’s current market position.”
So it strikes me as fitting that just as Oracle secured a leadership applications position through the acquisition of a struggling rival – Peoplesoft – so have we!
But it is worth making the point also that the cultural fit around values builds a solid environment for an harmonious blend of the two practices I hope and reinforces why I think values can be so important to business success. So I am very positive about making this acquisition work.
Here is some other coverage from the deal:
Government Alert: UXC’s Red Rock acquires Tripoint Online
Trader Dealer: UXC Acquires Tripoint Online