Microsoft Corporation acquires Great Plains Software

Microsoft Corporation acquired Great Plains Software for $1.1 billion, a transaction completed in April 2001, structured as all stock.

Great Plains Software operates in Business apps, is based in Fargo, North Dakota, USA. Great Plains Software was a leading supplier of mid-market business management applications. Structured as a stock purchase exchanging 1.1 Microsoft shares per Great Plains share, it brought Great Plains in as a division of Microsoft's Productivity and Business Services Group and expanded Microsoft's reach into integrated business software for small and mid-sized companies.

Accelerated Microsoft's push into interconnected business management solutions for small and mid-sized companies.

Microsoft and Great Plains see the future of business applications for small and medium-sized companies in the same way.Steve Ballmer, President and CEO, Microsoft

Advisory firms were not disclosed for this transaction.

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