Denovo Ventures, LLC Acquires CD Group, Inc.

Denovo Becomes the Largest Mid-Market Oracle Service Provider

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Oct 04, 2016, 10:00 ET

NIWOT, Colo., Oct. 4, 2016 /PRNewswire/ -- Denovo today announces it has entered into an agreement to acquire CD Group, one of the largest full-service JD Edwards consulting and managed services providers. The combination strengthens Denovo's dominance as a leading Oracle Cloud Application, JD Edwards and E-Business Suite service provider offering cloud hosting, managed services, disaster recovery, and software.

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Marty Snella, Denovo CEO, affirmed that "this acquisition combines 37 years of mid-market expertise assisting over 2000 clients through more than 2400 projects. As the most experienced Oracle service provider, Denovo assists the C-suite and their Board of Directors in making business decisions to move their services to the cloud." He added, "Denovo was the first service provider to implement JD Edwards cloud services and pioneered Oracle Cloud Applications, while CD Group was one of the first consulting and managed services practices for JD Edwards. Denovo will continue to be the established leader in JD Edwards and E-Business Suite, as well as take leadership in Oracle Cloud Applications by providing assistance and guidance to executives assessing their application services and seeking to move to the cloud."

"We are excited to team up with Denovo and its cloud and managed service product portfolio to provide additional capabilities to our existing customers," said Larry Campbell, Chairman and Founder of CD Group. "In addition, our sales and delivery footprint in the southeast and central regions complement Denovo's west, central and east regions to provide a national footprint to assist Oracle and prospective customers in analyzing enterprise application solutions and their cloud alternatives."

In addition to a larger geographic footprint, Denovo will add Equip IQ™ to its intellectual property. Equip IQ is a next-generation enterprise dealer management solution which allows dealers to take their business to the next level by leveraging insights into sales revenue growth, enterprise-wide visibility and intelligent insights. Developed by CD Group in tandem with industry leaders, it is designed to specifically improve financial performance and operational excellence. "Equip IQ adds to our JD Edwards cloud hosting portfolio which includes Quick Calculator, QuickBiz™ for Real Estate and Utility solutions", said Mark Goedde, President of Denovo. "We are excited about the new cloud products and services we are developing to provide unique licensing solutions for the Oracle Marketplace," added Goedde.

Denovo and CD Group combined will have over 325 employees to assist Oracle, Oracle customers and prospective customers in their assessment and implementation of cloud solutions. Denovo's national sales force, solution architects, and industry experienced employee consultants provide customers with the information needed to navigate and make informed decisions in the complex world of cloud services.

Join the conversation about the Denovo acquisition of CD Group at #DenovoonSteroids.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell, and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle's products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base, and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more, visit: http://www.oracle.com/partners.

About CD Group

CD Group, Inc. is a full-service consulting and managed services company, specializing in JD Edwards® and Oracle® enterprise solutions. As an Oracle Platinum Partner, the company is a recognized industry leader with a 24-year history of serving clients throughout North America and internationally. The company provides both project-based and support services across a wide range of technology solutions consisting of enterprise resource planning (ERP), enterprise performance management (EPM), and customer relationship management (CRM). CD Group is headquartered in Atlanta and has offices in Denver and Houston. For more information on CD Group, visit www.cdgroup.com.

About Denovo

Established in 2003, Denovo Ventures, LLC is a full-service Enterprise Hosting/Cloud Computing and Professional Services firm with extensive expertise in designing, implementing and supporting enterprise software and hosting/cloud solutions. Denovo delivers enterprise hosting/cloud computing and extensive managed services from their certified data centers located in the United States. As an Oracle Platinum Partner, Denovo's Professional Services team has over 150 years of Oracle J.D. Edwards and ERP experience and has successfully completed Oracle ERP implementation projects for a wide variety of commercial and public sector clients. The company is headquartered in Niwot, Colorado in the Denver-Boulder technology corridor and serves a worldwide client base from its East, Central, and West regional offices. Visit www.denovo-us.com for additional information.

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