CLEVELAND, May 4, 2020 (Newswire.com) - Sylogist Ltd. (SYZ.V) is pleased to announce the acquisition of Information Strategies, Inc. (InfoStrat).
The transaction was facilitated by IT ExchangeNet (ITX), a global leading Microsoft channel mergers and acquisitions firm. InfoStrat is the tenth Microsoft partner transaction closed in the last two and a half years by ITX.
CEO Jim Townsend said, “IT ExchangeNet offers unique insights and relationships for buyers and sellers in the Microsoft partner community. InfoStrat was seeking a buyer that valued public sector customers, and ITX found the perfect fit from its network of thousands of qualified buyers. We are grateful to the ITX team for their speed and diligence. InfoStrat is now in a position to grow with the best possible partner.”
Based in Washington DC, InfoStrat is a long-established, profitable business catering to federal and state government and not-for-profit/NGO organizations throughout the United States. InfoStrat, a Microsoft Gold partner, provides software solutions and professional services based on its proprietary intellectual property that uses Microsoft Dynamics 365 at its core. InfoStrat is highly regarded for its enterprise level case management, grantor money management and justice solutions. InfoStrat’s deep relationship with Microsoft will be broadened as part of the Sylogist organization.
InfoStrat will be integrated into the Sylogist operations with a goal to market, implement and support their ERP and CRM based solutions for public sector and not-for-profit customers in the United States and Canada.
Sylogist is a software company that, through strategic acquisitions, investments and operations management, provides comprehensive, mission-critical ERP solutions, including fund accounting, grant management and payroll, to public service organizations. Sylogist's public service customers include local governments, non-profit organizations, non-governmental organizations, educational institutions and government agencies, as well as public compliance-driven and funded entities. It delivers highly scalable, multi-language, multi-currency software solutions, which serve the needs of an international clientele.
Full financial statements together with Management's Discussion and Analysis are available at www.seder.com.
The Company's stock is traded on the TSX Venture Exchange under the symbol SYZ. Information about Sylogist can be found at www.sylogist.com.
Since 1987, InfoStrat has delivered Microsoft solutions to government and business customers, focusing on line of business solutions, portals, customer relationship management, and custom database applications and integration. Learn more at www.infostrat.com.
Founded in 1998 by technology CEOs and M&A professionals, IT ExchangeNet (ITX) is an organized and efficient marketplace for owners of mid-market IT businesses seeking buyers or strategic partners. IT ExchangeNet follows a disciplined and highly targeted process, bringing global buyers and sellers together.
Focusing on smaller companies that are historically ignored by large investment banks and M&A advisors, specific segments of the IT industry served include: Managed IT Services, MSSPs, software as a Service (SaaS), Hosting, Infrastructure as a Service (IaaS), Cyber Security, IT Services, Software Development, and Big Data. For more information, please visit: www.itexchangenet.com
Source: IT ExchangeNet