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Featured Mergers, Acquisitions, and Capital Raise Transactions Closed via Axial
Tower Arch Capital acquired SoftVision as an add-on for SPI, sourced through Palmares Advisors
- Date June 1, 2016
- Transaction type Acquisition
- Industry Business Services, IT Consulting & Other Services
Software Paradigms International (SPI), a global IT services and solutions provider for retailers, announced an addition to its mobility capabilities through a merger with Softvision Consulting, a global provider of product development and software engineering solutions in the mobile development space. The deal, which was sponsored by Tower Arch Capital, enables SPI to accelerate its growth and immediately grab additional market share in the high-growth global retail eCommerce and mCommerce software development sphere. Tower Arch Capital, a Utah-based lower-middle market private equity firm, sourced this deal through Palmares Advisors, a California-based M&A Advisory Firm. This deal is a direct result of a connection made on Axial — Palmares identified Tower Arch on their buyer list and reached out using the tools on the platform.
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