Date
May 2019
Region
Canada
We are pleased to share the sale of our client Softrak Systems Inc. to Arcaccsoft Corporation. The acquisition closed May 1, 2019 and details were not disclosed.
Softrak Systems Inc. was founded in 1985 and is located in Vancouver, British Columbia. The Company develops, publishes, and supports Adagio Accounting, a full line of accounting software, comprised of 19 modules targeted at small to medium sized businesses.
Arcaccsoft Corporation, a New Jersey-based software application company, saw Softrak as a good add-on for them.
Generational Equity Executive Managing Director M&A – West, Stephen Crisham, and his team, led by Senior M&A Advisor Ted Rattenberry, with support from Managing Director Mergers & Acquisition Mike Meredith, successfully closed the deal. Executive Managing Director Randy Kamin established the initial relationship with Softrak Systems.
“There was a strong strategic fit between the two companies,” said Rattenberry.
“The acquisition presents the opportunity for Arcaccsoft to expand its services offered and increase its market share while presenting additional career advancement opportunities to Softrak’s staff.”
If you’d like to learn more about our experience supporting the exit strategies of clients in this industry, visit our dedicated Technology page.
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