Software Equity Group Announces Fourth SaaS Transaction of 2011
SAN DIEGO, CA – December 21, 2011. Software Equity Group, LLC (SEG) announced today that its client, Pointandship Software, a provider of cloud-based shipping and expense management software, has been acquired by Kewill (LSE: KWL), a global supply chains solutions provider.
Terms of the transaction were not disclosed.
With this asset acquisition Kewill adds cloud-based software for both parcel shipping and expense management to its market-leading portfolio of shipping (parcel, LTL, TL) solutions. Kewill provides multi-carrier desktop shipping to large and mid-sized companies. These organizations typically have significant, but distributed package shipping requirements but lack an in-house infrastructure to manage the shipping process. Pointandship’s SEMS software will join Kewill's portfolio of shipping products that include Kewill Flagship™, a multi-carrier, multi-facility, high volume solution, and Kewill Clippership™, a multi-carrier solution for the SMB segment. SEMS enables Kewill to offer a cloud-based desktop shipping capability for this important market.
"We are very pleased to be adding Pointandship's SEMS to our range of shipping products", said Michael Dolan, Chief Operating Officer for Kewill Inc.. "With this SaaS solution we are able to support the largest enterprises as well as the small and mid-size business markets (SMB) with both premise - as well as cloud-based shipping solutions. This enables us to not only offer scalable choices for the market but also supports our rapidly expanding VAR, reseller, and partner channels."
About Software Equity Group
Software Equity Group is an investment bank and M&A advisory serving the software and technology sectors. Founded in 1992, our firm has guided and advised companies on five continents, including privately-held software and technology companies in the United States, Canada, Europe, Asia Pacific, Africa and Israel. We have represented public companies listed on the NASDAQ, NYSE, American, Toronto, London and Euronext exchanges. Software Equity Group also advises several of the world's leading private equity firms. We are ranked among the top ten investment banks worldwide for application software mergers and acquisitions.