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  6. Candor USA Acquires Tenex Systems

M&A Deal Summary

Candor USA Acquires Tenex Systems

On December 16, 2017, Candor USA acquired software company Tenex Systems from N. Harris Computer

Acquisition Highlights
  • This is Candor USA’s 1st transaction in the Software sector.
  • This is Candor USA’s 1st transaction in the United States.
  • This is Candor USA’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-12-16
Target Tenex Systems
Sector Software
Buyer(s) Candor USA
Sellers(s) N. Harris Computer
Deal Type Divestiture

Target

Tenex Systems

King of Prussia, Pennsylvania, United States
TENEX Systems, Inc. is a provider of Internet capable, financial and student administrative software (grades K-12). Its applications are backed by dedicated and experienced support personnel who provide rapid response to the individual needs of clients. Because many staff members are former school district employees, TENEX is sensitive to the concerns of educators and understands the challenge of school administration. TENEX has been meeting the needs of schools since 1984 and is committed to producing the latest in both Student and Fund Accounting Software. The TENEX solution is in use at over 750 schools.

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Buyer(S) 1

Buyer

Candor USA

Rome, Georgia, United States
Category Company
Sector Information Technology
DESCRIPTION

Candor USA, Inc. is a technology and marketplace company providing powerful analytics, tools, and methodologies to benefit Agencies, Carriers, and Healthcare Providers. We are the health companion that enables Americans to access the information and solutions they need to achieve a state of complete independence, success and wellbeing.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

N. Harris Computer

Ottawa, Ontario, Canada
Category Company
Founded 1976
Sector Software
DESCRIPTION

N. Harris Computer Corp. is a provider of software solutions for utilities, healthcare, local governments, public safety, and schools throughout the US and Canada. Harris' focus is to acquire businesses with growth potential, manage them well and then build them for the future. N. Harris Computer Corp. was established in 1976 and is headquartered in Ottawa, Ontario.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Syscon Justice Systems

Richmond, British Columbia, Canada

Syscon Justice Systems Ltd. is a provider of an Offender Management Systems, with major deployments in the US, Canada, UK, and Australia. Syscon offers a full suite of solutions, including prison management, jail management, trust accounting, inmate health records, probation and parole monitoring, and risk assessment tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 PsyTech Solutions

Lancaster, Pennsylvania, United States

PsyTech Solutions, Inc. provides customizable software across all areas of behavioral healthcare. The company serves many segments, including mental health, autism spectrum disorders, and chemical dependency.

Buy -
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