Estimated reading time: 1 minute, 8 seconds

NET@WORK BUYS HUCKSTEP

Jeannie Huckstep,  Huckstep & AssociatesSage reseller  Net@Work has entered the nonprofit market with the acquisition of NFP specialist Huckstep & Associates. Based in Springfield, Mo., the latter firm was founded in 1994 by owner, Jeannie Huckstep, who will serve as Net@Work's nonprofit practice director. Terms were not disclosed. The reseller has more than 350 nonprofit and public sector agencies as clients.  In last year's VAR Stars submission, Huckstep reported revenue of $1.45 million and a staff of nine.

It carries Sage 100 Nonprofit, which has not been owned by Sage since its sale to Accel-KKR. The official announcement quoted Krista Endsley as general manager of Sage Nonprofit Solutions, but with the sale of the product, she became CEO of a new company whose name has  not yet been made public. With $32.5 million in sales - including revenue from its document management business - Net@Work was No. 10 on this year's Bob Scott's Top 100 VAR list. Endsley's LinkedIn page describes the Sage NFP unit as a $30-million operation whose revenue has grown 24 percent since she was put in charge in 2007. Net@Work co-owner Alex Solomon said his company had been active in the nonprofit space in its infrastructure and document management arms and had wanted to expand into the accounting space. "You need to understand that market inside and out and that’s Jeannie," he said. Net@Work will also build out its practice in Missouri.

 

Read 1674 times
Rate this item
(0 votes)

Visit other PMG Sites: