Beacon Completes Sale of Application and Add-On Software Developer & Vendor

Toronto, Ontario, Canada, November 1, 2021 – Beacon is pleased to announce the completion of another successful M&A mandate with the sale of an Application and Add-on Software Developer to a strategic acquirer. Beacon acted as the exclusive sell-side M&A advisor, assisting throughout the transaction process. 

Beacon was initially engaged in review and assessment of the client’s business, completing a business valuation as a first step in the process. Given Beacon’s existing relationships with technology investors and its experience in M&A, the focus from the get-go was to identify a strategic buyer with the resources to scale revenue and operations. Beacon’s team of experienced analysts then worked directly with the company’s management team to understand operations as well as prepare marketing materials and project deliverables. As part of Beacon’s outreach, its team contacted over 10,000 buyers across North America through its proprietary database, generating strong interest in the opportunity. Beacon’s team was able to secure multiple offers from qualified investors and experienced Software and IT professionals, of which a strategic buyer was identified as the best fit. Beacon was closely involved throughout deal negotiations and throughout the due diligence process. 

As a result of the team’s dedication and hard work, Beacon was able to structure a deal that was in line with management’s exit plans. The transaction was finalized in late October 2021 as a share sale. 

About Beacon’s client – This company is a developer of proprietary apps and add-ons for Microsoft Sharepoint with a subscription based business model that services over 5,000 clients globally. The business offers a range of applications and tools that fully integrate with Microsoft SharePoint. In addition, the company also offers training and consulting services to its clients. 

About the Purchaser – The purchaser is a Enterprise Software company that democratizes data through end-to-end automation. The company offers NetSuite implementation services, administrative support and customized professional services, assisting clients with assessment and integration for NetSuite.

Beacon Mergers & Acquisitions is a full-service M&A advisory firm with headquarters in Toronto, Ontario, with affiliate offices across Canada and partnerships in the U.S.A, Europe, and South Asia. Beacon’s services include M&A advisory, business valuations, debt financing, and consulting to private companies in the lower middle market. Beacon is a four-time recipient of the Consumer Choice Award for a Best Business Brokerage Firm in the Greater Toronto Area, and a member of several international M&A organizations.