BELLEVUE – October 31, 2019 – SourceCode Technology Holdings, Inc. (“K2”), a leader in enterprise low-code application development, today announced the acquisition of its distributor, SourceCode ANZ Pty Ltd. (“K2 Australia”). K2 and K2 Australia share a long history of collaboration and joint innovation. With this acquisition, K2 establishes a direct presence in Australia, further investing in growth across the region to meet the increasing demand for cloud-based process automation solutions.
“The acquisition of K2 Australia immediately provides us with a strong and established foothold in Australia,” said Evan Ellis, CEO at K2. “As part of our ongoing growth strategy, we are confident we can leverage our common vision to strengthen and expand the adoption of our cloud-based process automation platform.”
Combining the expertise of the talented K2 Australia team with the global resources and market strength of K2 will create a collaboration that can accelerate the delivery of innovative process automation solutions across the region.
"K2 is an ideal match for our team and the work we aspire to do in helping enterprises digitally transform," said Hennie Laubscher, managing director of K2 Australia, who will join K2 as the vice president of Asia-Pacific. "By joining the K2 family, we can accelerate our growth in the region and deliver low-code applications on a broader scale."