Great Plains Software
Template:Short description Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Great Plains Software, Inc. was an accounting software company located in Fargo, North Dakota, whose products focused on small to medium-sized businesses.[1] It was founded in 1981,[2] went public in 1997,[3] and was sold to Microsoft in 2001.[2][4][5] Prior to its acquisition, it had 2,200 employees.[1]
History
The company was founded in 1981 by Joseph Larson, who also served as the company's first president.[6] Doug Burgum, who later went on to become a future Governor of North Dakota and United States Secretary of the Interior, joined the company in March 1983 as a shareholder.[6] Burgum provided seed capital for the company; he bought out its other investors in early 1984 and became its new president.[7] Larson continued to serve as a company director until its acquisition.[6]
The company grew to about 170 employees by 1987,[8] and had around 290 employees by 1989.[9] It earned about $300 million in annual sales and had its IPO in 1997, after using the Internet to help it expand beyond North Dakota.[10] In 1999 the company acquired Match Data Systems, a development team in the Philippines.[11] In 2000, after several layoffs, it announced its acquisition by Microsoft for $1.1 billion.[12] The purchase was completed in 2001.[2]
Its products were rebranded "Microsoft Dynamics GP" in 2005,[5][13] part of Microsoft Dynamics 365 as of 2016.
References
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External links
- Official website (archived snapshot, as of August 2000)
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