M&A Deal Summary

Aptean Acquires Momentis

On February 14, 2024, Aptean acquired software company Momentis from Otimo Retail

Acquisition Highlights
  • This is Aptean’s 32nd transaction in the Software sector.
  • This is Aptean’s 7th transaction in Canada.
  • This is Aptean’s 1st transaction in Quebec.

M&A Deal Summary
Date 2024-02-14
Target Momentis
Sector Software
Buyer(s) Aptean
Sellers(s) Otimo Retail
Deal Type Add-on Acquisition

Target

Momentis

Montreal, Quebec, Canada
Momentis provides software solutions to apparel and softgoods wholesalers, manufacturers and vertically integrated retailers. The Momentis Fashion System (MFS) is a fully integrated web-based application that offers an end-to-end enterprise resource planning (ERP) and a host of other features. Momentis is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Aptean

Alpharetta, Georgia, United States
Category Company
Sector Software
DESCRIPTION
Aptean's headquarters in Atlanta, Georgia.
Aptean's headquarters in Atlanta, Georgia.

Aptean provides industry-specific software solutions that help businesses manage their resources, supply chains, employees, and customer relationships. The company offers clients ERP, supply chain management, and customer experience solutions. Aptean is based in Alpharetta, Georgia.

DEAL STATS #
Overall 47 of 50
Sector (Software) 32 of 35
Type (Add-on Acquisition) 35 of 38
State (Quebec) 1 of 1
Country (Canada) 7 of 7
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-21 3T Logistics & Technology Group

Enderby, United Kingdom

3T Logistics is a SaaS transport management technology business. 3T provides transportation management (TMS) technology. 3T Logistics was founded in 2000 and is based in Enderby, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 Principal Logistics Technologies

Dublin, Ireland

Principal Logistics Technologies provides mission-critical software designed to manage complex warehouse operations, optimize supply chain efficiency, and increase ROI. Principal Logistics Technologies was founded in 1991 and is headquartered in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

Otimo Retail

Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Otimo Retail is a specialist private equity firm focused on growth-stage investments in small and mid-sized businesses. The Firm seeks companies providing technology and software solutions that support the retail industry. Otimo Retail was founded in 2014 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 XCCommerce

Montreal, Quebec, Canada

XCCommerce is a software development and implementation company that specializes in retail-specific solutions. the company is a developer and deployer of promotion management solutions, implements projects on time and in budget, and generates optimal ROI for customers. XCCommerce was formed in 2012 and is based in Montreal, Quebec.

Buy -
Mergr

Product

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