Markham ON (PRWEB) February 18, 2011
Technology company merger and acquisition specialist Tequity Inc. today announced the acquisition of Cambar Solutions, based in Charleston, South Carolina, by Robocom Systems International, based in Farmingdale, NY. Tequity Inc. acted as advisor to Cambar. Terms were not disclosed. The combined companies will operate as Robocom Systems International and will maintain an office in Charleston SC.
Kevin Tribe, lead advisor and Managing Director at Tequity said “Strategic buyers with cash are accelerating the ongoing consolidation in maturing software markets. They are supplementing slow organic growth with synergistic acquisitions. It is an ideal time for the shareholders of tech firms considering "selling up" to buyers that can take their company to the next level of success." He further added “The addition of Cambar’s domain expertise in Order Management and Distribution will allow Robocom to expand its product offering while Robocom’s labor management, voice-directed technology, and transportation solutions will offer strong value to Cambar’s customers.
About Tequity Inc.
Tequity is a leader in advising software, IT services, telecom, hardware and high tech companies on sales, divestitures, mergers, and acquisitions. Tequity’s M&A advisors are former software and telecom executives themselves. Their expertise and industry knowledge in combination with Tequity’s researchers, valuation experts, and massive technology company database results in consistently high success rates for their clients’ valuations and deal structure. For more information go to http://www.tequityinc.com
About Robocom Systems International
Robocom Systems International has focused for nearly 30 years on developing and implementing Supply Chain Execution software solutions. Robocom’s solutions include Warehouse Management, Transportation Management, Voice Technology, Order Management and Labor Management. Our investment in research and development is keenly focused on the needs of the business leaders responsible for the day-to-day results in warehousing and distribution center operations. For more information go to http://www.robocom.com
About Cambar Solutions, LLC
Cambar Software was formed in 1981 to develop supply chain execution solutions focused on the distribution industry. Cambar soon introduced Control, an Order Management Solution to the commercial market and then extended its product set to include core financial functions including accounts payable, accounts receivable and general ledger. The company then added a platform and database independent warehouse management solution which became a leader in the distribution and manufacturing industries. For more information go to http://www.cambarsolutions.com