Tangerine Software sells Sage X3 practice to France-based 4CAD Group

Tangerine Software Inc., a Montreal-based enterprise software and consulting firm, has sold its Sage X3 ERP business to 4CAD Group, a Nantes, France-based IT consultancy.

Founded in 1992, Tangerine was the first consultancy in North America to launch a practice for Sage X3, a popular enterprise resource planning platform with capabilities across financial management, supply chain management, and production management. Tangerine’s Sage X3 practice is Canada’s largest, with over 80 employees.

Tangerine also offers its Nectari business intelligence (BI) software, an analytics and data management solution also branded as Sage Enterprise Intelligence (SEI). The BI solution is used by more than 2,500 companies in over 50 countries.4CAD’s acquisition of the practice will significantly expand its Montreal office, which was launched in 2016. The firm’s approximately 300 employees in France, Switzerland, and Canada help organizations integrate solutions in product lifecycle management, enterprise management, and internet of things. 4CAD has $82 million in annual revenue and more than 2,300 clients.

Greg Brown, president of Tangerine, said, "My partner Benoit Trottier and I are looking to focus our efforts on growing our global Nectari BI business, and 4CAD is looking to grow its Sage X3 presence significantly in North America through acquisition. 4CAD's very successful Sage X3 business in Europe, and their commitment to becoming a major Sage X3 partner in North America, were the main reasons why selling our X3 practice to them made sense."

As part of the deal, 4CAD will also represent Tangerine’s Nectari business in North America and Europe.

"We are delighted to see our team continue to grow while entering new markets and serving new customers,” said Stéphane Letheule, president of 4CAD Group. "The acquisition of Tangerine Software's Sage X3 practice will allow us to accelerate our expansion in North America, where customers will benefit from 4CAD's wealth of Sage X3 consulting services and a number of value-add, mission-critical solutions in our portfolio."