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M&A Deal Summary

Advanced Acquires Modern Systems

On April 17, 2019, Advanced acquired software company Modern Systems from BluePhoenix Solutions

Acquisition Highlights
  • This is Advanced’s 6th transaction in the Software sector.
  • This is Advanced’s 1st transaction in the United States.
  • This is Advanced’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-04-17
Target Modern Systems
Sector Software
Buyer(s) Advanced
Sellers(s) BluePhoenix Solutions
Deal Type Divestiture

Target

Modern Systems

Dallas, Texas, United States
Modern Systems is a provider of modernization solutions for legacy application source code, data, and platform transformations. Modern Systems was founded in 1983 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Advanced

Birmingham, United Kingdom
Category Company
Sector Software
DESCRIPTION

Advanced is a provider of software and IT services to the public, private, and not-for-profit sectors which enable organizations to improve efficiency, reduce costs and drive growth. Advanced Computer Software Group is based in Birmingham, United Kingdom.

DEAL STATS #
Overall 8 of 12
Sector: Software M&A 6 of 8
Type: Divestiture M&A Deals 1 of 2
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 Kirona Solutions

Cheshire, United Kingdom

Kirona Solutions Ltd. is mobile cloud platform that enables customers to store and access data securely off site. By hosting this software online rather than through a network, the cloud technology significantly reduces upfront costs whilst adding full scalability benefits.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 CareWorks

Dublin, Ireland

CareWorks is a provider of Cloud-based case management software for health and social care organizations, used by over 50,000 care professionals and clinicians and more than three million citizens.

Buy -

Seller(S) 1

SELLER

BluePhoenix Solutions

Seattle, Washington, United States
Category Company
Sector Information Technology
DESCRIPTION

BluePhoenix Solutions Ltd. is a provider of value-driven modernization IT solutions for legacy information systems.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-17 Amalgamated Software of North America

San Antonio, Texas, United States

Amalgamated Software of North America, Inc. (ASNA) specializes in the extension, modernization, and migration of IBM midrange RPG applications. ASNA offers a full complement of integrated software and services that elevate IBM i RPG assets.

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