Targit A/S, a Danish company which develops business intelligence (BI) solutions, has just signed a distribution agreement with the Hungarian distributor Xapt, which currently has 90% of the Hungarian market for Microsoft Dynamics AX solutions – previously known as Axapta.
The deal is especially useful to Targit since Xapt has recently won several large orders in Canada, creating a new reseller link in Toronto. Xapt will distribute TARGIT BI Suite, giving the Danish company yet another sales channel on the important North American market.
According to Targit's sales director Flemming Madsen, the major companies in Hungary have realized that they cannot survive long-term on cheap labour alone. The need to increase business effectiveness is understood, and this is driving the demand for ERP and BI solutions.
"Xapt is the best distributor of all in the Hungarian market, and therefore we expect a lot from the cooperation. That Xapt on top of this can provide us with a stronger presence in the important North American market is only an underlining of their strength,” says Madsen.
Founded in 1986, Targit is the largest developer of business intelligence in Denmark. Its core product, Targit Business Intelligence Suite, is distributed by approx. 250 business partners worldwide. Targit is a Microsoft Gold Certified Partner in ISV/Software Solutions and Data Management Solutions.