Great Plains picks up competitor, application

Great Plains Software Inc., a Fargo, N.D., vendor that makes business applications for midsize users, yesterday announced a pair of acquisitions.

Great Plains said it's buying RealWorld Corp., a Manchester, N.H., vendor of accounting software, for about $20 million in cash and stock. RealWorld's applications will continue to be supported, but Great Plains said it hopes to eventually migrate users to its own products.

The purchase of RealWorld is scheduled to be completed by the end of February.

Great Plains also said it's paying $9 million in cash and stock to purchase fixed-asset management software developed by The Forestar Group in Roswell, Ga. Great Plains already sells that application under a deal signed in 1997.

Copyright © 2000 IDG Communications, Inc.

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