K3 FDS is listed on the London Stock Exchange and provides mission-critical software and cloud solutions.
Pinnacle provides consultancy, training, support, and proactive account management to a customer base of over 1,800 businesses. Its core market focus includes manufacturing, distribution, and business service sectors.
The acquisition is the latest stage of expansion by Pinnacle. Earlier this year, Pinnacle acquired the Sage and IT services business of TMS Scotland.
James Spencer, Pinnacle managing director said: “The Sage business will transition very smoothly into our operations, benefiting from our scale and depth of focus. We are excited for both the team and customers to join Pinnacle to bolster our operations and delivery within the Sage markets.”
Ken Montgomery, chairman and founder of Pinnacle, added: “This latest acquisition consolidates the position of Pinnacle as a leading provider of ERP software and services in the UK and Ireland. We are also pleased to add a significant number of highly skilled and experienced personnel to the Pinnacle team to further enhance the level of service to a large number of Pinnacle customers.”