Microsoft Dynamics NAV (Navision) Software is widely considered to be one of the top five accounting systems or ERP solutions in the world for the mid-range and high-end markets. Some industry experts rank Microsoft Dynamics NAV (Navision) as the top accounting system overall.
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In 2002 Microsoft acquired Navision, now called Microsoft Dynamics NAV, for $1.4 billion – the largest acquisition ever made by Microsoft. (This was a very high acquisition price considering that ACCPAC International was acquired the following year by Best Software for just $120 million; even though ACCPAC had more products and far more customers (41,000 to 1.2 million) than did Navision.) Today Navision has been the fastest growing accounting system solution offered by Microsoft.
Consider that in 2001, Microsoft Dynamics NAV’s growth rate was an impressive 32%, even though the rest of the accounting software industry had been on the downward spiral from the impact of the Y2K bug. Since then, the Microsoft Dynamics NAV (Navision) software product line has grown steadily and today has approximately 50,000 customers worldwide, and more than 500,000 individual users. The Microsoft Dynamics NAV product’s future outlook has never looked to be so strong and the features and support so robust.