Accord Software, the developer of advanced Transportation Management Software (TMS) applications servicing the needs of the Trucking Industry, including TL, LTL, Courier and Specialty carriers has been acquired by Robocom Systems International based in Farmingdale, NY. Terms were not disclosed. Tequity advised Accord Software. Tequity continues to see ongoing consolidation in the broader supply chain market as deal activity remains strong among middle-market firms. This marks Tequity’s seventh successful M&A engagement in the logistics and supply chain sector.
“The addition of Accord’s powerful logistics application to Robocom’s suite of supply chain execution software products is a natural fit,” said Tequity’s Managing Director, Kevin Tribe. “The conclusion of the transaction marks Tequity’s seventh successful engagement in this sector and underscores our continued forecast for ongoing consolidation in this market.”
Fred Radcliffe, President of Robocom said, “Accord is well-recognized as a leader in Transportation Management software. At a time when transportation costs are a major concern for our customers, we are excited to bring such a strong set of new products into our supply chain software suite. Adding the Accord Team and products to Robocom will result in stronger solutions and deeper expertise for our customers.”
Tony De Feo, the founder of Accord Software added that “We believe Robocom’s supply chain solutions and professional approach to project management and customer support will be important to Accord customers. Robocom’s size and strength will be of great interest to those who are interested in the power of Accord’s software.”
Tequity provides M&A advisory services to Enterprise Software and Information Technology companies in the mid-market across North America and around the globe with a primary focus on strategic sales, mergers, and carve-outs. As business operations and growth specialists who have built companies, raised capital, and successfully exited, we bring real world experience to any M&A discussion.
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