Tequity, a North American M&A advisory firm specializing in strategic Information Technology M&A transactions, acted as the exclusive financial advisor to South Carolina-based ChanneLinx, Inc. in their acquisition by Pervasive Software Inc.
ChanneLinx facilitates the creation, management, and distribution of information electronically.
Austin, Texas-based Pervasive Software (NASDAQ: PVSW) develops and distributes data management and integration software to integrate, analyze, secure, manage and harvest data from disparate sources.
“With our loyal customer base, deep data interchange technology and expertise, and strengths in the oil and gas and construction verticals, the ChanneLinx team brings powerful complementary technology and market strengths to Pervasive,” said Steve Pridemore, senior director, Pervasive Business Xchange. “We’re excited to leverage and extend our ten years of in-depth data interchange technology leadership with Pervasive’s technical, sales and marketing resources, well-developed channels and large customer base.”
“I am very excited about the synergies between ChanneLinx and the other product teams within Pervasive,” Farr said. “We see complementary opportunities in every sector of our business:
ChanneLinx, Inc. provides business-to-business solutions for Internet-based business processes in North America. The company's solutions include Content Manager that facilitates the initial creation, enhancements, on-going management, and distribution of product information; WebDI, a Web-based service that helps trading partners to exchange business information electronically; eLinx NetInfo, which helps trading partners to obtain account information, order status, invoice detail reports, and purchase history records via the Internet; eLinx Procurement that integrates business process between companies and suppliers for order processing and information flow; and eLinx Sourcing, which automates the manual processes related to quota-based purchasing of commodity type goods and services. It serves construction, oil and gas, electronics manufacturing, retail, and telecommunications industries. The company is based in Greenville, South Carolina.
Tequity are domain experts in enterprise cloud software and IT ecosystems, with a background as business operators in tech. Our mission is to find our clients optimized strategic outcomes in an M&A transaction. We work with mid-market tech companies across North America and around the globe.