SEG Client, CRW Systems, Acquired By SunGard
SAN DIEGO, CA - June 12, 2015 - Software Equity Group, LLC (SEG) announced today its client, CRW Systems, a leading provider of solutions that help local government agencies manage community development, has been acquired by SunGard.
With annual revenue of $2.8 billion, SunGard is one of the world's leading providers of software for financial services, the public sector and education.
CRW's TRAKiT software streamlines planning management, permitting and code enforcement for cities, counties, and states nationwide. CRW has been serving the needs of local government municipalities through the TRAKiT application for more than twenty years. TRAKiT reflects CRW's ever-evolving outlook on understanding the business practices of community development departments.
"Our acquisition of CRW brings together two companies with shared values," said Mike Borman, CEO of SunGard Public Sector. "Like SunGard Public Sector, the CRW team has specialized solely in public sector technology solutions with a long and proven track record of innovation and success. Like CRW, our corporate culture is driven by an agile mindset, which the CRW team demonstrates on a daily basis as they serve more than 170 customers across North America. Most importantly, we share a passion for our customers' success. Together we will continue to help our customers envision the future happening today.“
"All of us at CRW are extremely enthusiastic about this strategic move forward, and we are proud to join such a dynamic company," said Chris Wuerz, founder and CEO of CRW Systems. "Combining CRW's cutting edge TRAKiT software with SunGard's resources, reputation and expertise in the public sector will help create many benefits and opportunities for CRW's valued customers nationwide."
About Software Equity Group
Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.