Before you sign, it’s best to consider some of the more common mistakes that software companies make when selling their business.
In this guest post, Tanya Brusse, Senior Product Manager at TripSpark Technologies, shares questions to ask when considering the impact of an acquisition on customers.
This owner began to consider strategic acquisition as a route to growth as his company approached its 20-year anniversary. For the decades prior, Occam had gone head-to-head with Volaris owned Kinetic Solutions. With a leap of faith, Occam joined the Volaris family, and the former competitors now thrive today as one.
Looking towards retirement and ready to engage a broker, SoftChalk didn’t want a buy-and-flip acquirer – they were interested in growing the organization, product, and staff long-term. With a bootstrapped operation and a desire to de-risk, SoftChalk joined Volaris and accessed a robust professional network, industry best practices, and leaders dedicated to developing their team.
This formerly shrinking business was acquired shortly before the pandemic. Despite the highly impacted market, Artifax has experienced double-digit annual organic growth since joining the Volaris family; the founders have been able to pursue new business ventures with the certainty that Artifax’s customers and employees are in good hands.