The deal will create the UK’s largest Microsoft Dynamics GP reseller with more than 500 customers.

The first acquisition is for part of a division of Touchstone Group, which is a supplier of integrated business software products to mid-sized UK organisations. According to a statement from the firm, the division had unaudited turnover for the financial year ending 31 March, 2011, of £3.2 million.

The second acquisition is for the entire issued share capital of Trinity Computer Services Holdings. Trinity is a developer of wholesale and distribution application software products, utilising Microsoft Dynamics GP as the core finance system, for mid-sized UK organisations. Trinity’s audited turnover for the financial year ending 30 September 2010 was £2.9 million.

Moulton founded business turnaround specialist Better Capital in 2009 after leaving Alchemy Partners.

Better Capital bought Calyx, a provider of managed information and communications technology services in the UK and Ireland, from administration in September 2010. The firm committed £22.5 million to finance the debt acquisition, the purchase of the business and assets and to fund the restructuring and working capital requirements.