In this week's Microsoft Dynamics partner news roundup:

  • K3 Business Technology purchased, piece by piece, out of administration
  • iCIMS announces new Dynamics 365 collaboration
  • New opportunities for Business Applications partners

K3 Business Technology's Dynamics unit purchased out of administration

Manchester, UK-based software company K3 Business Technology  entered administration in April 2020. Now most of their remaining holdings have been sold off.  19 people working in this K3 subsidiary have retained their jobs with the acquisition of the Dynamics 365 Finance and Operations business unit by Sigma Dynamics, a growing Swedish reseller with 5,000 staff worldwide. They completed the transaction for £250,000. Another 140 staff had already lost their jobs, reportedly.

Other elements of the business have also been acquired. The NAV People completed a deal with the Administrators relating to the intellectual property rights associated with the modifications that K3 have made to their 130 NAV Customers systems. And Pythagoras have reportedly agreed to a similar deal for the CRM portion of the business.

"We're thrilled to have acquired the K3 business, as it fits directly into our existing business strategy" said Colin Crow, managing director of Sigma Dynamics UK, in a statement. "This addition to the UK business will give our customers greater value, both to their local business, and to their global business through our presence worldwide. Being part of the global Sigma group will allow our clients to gain additional support on other areas of their operations and business, from our other expert business units, helping them increase their productivity and profits in the future."

iCIMS announces new Dynamics 365 collaboration