M&A Deal Summary

Fog Software Group Acquires ProShip

On March 2, 2020, Fog Software Group acquired software company ProShip from Quadient

Acquisition Highlights
  • This is Fog Software Group’s 3rd transaction in the Software sector.
  • This is Fog Software Group’s 3rd transaction in the United States.
  • This is Fog Software Group’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2020-03-02
Target ProShip
Sector Software
Buyer(s) Fog Software Group
Sellers(s) Quadient
Deal Type Divestiture

Target

ProShip

Brookfield, Wisconsin, United States
ProShip, Inc. is a provider of enterprise-wide, automated, multi-carrier shipping and manifesting software that allows retailers, manufacturers, third-party logistics and healthcare companies to ship at lighting speeds, stay carrier compliant, and build stronger-than-ever customer revenue streams. ProShip was established in 1987 and is based in Brookfield, Wisconsin.

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Buyer(S) 1

Buyer

Fog Software Group

Deerfield, Illinois, United States

Category Company
Founded 1995
Sector Software
DESCRIPTION

Fog Software Group acquires, manages, and builds software companies in a variety of vertical markets, enabling them to be clear leaders in their industries. Their companies provide mission-critical enterprise solutions for vertical industries across the entire industry value chain. The group is all about strengthening businesses within the markets in which it competes and enabling them to grow – whether through organic measures such as new initiatives and product development, day-to-day business, or through acquisitions.


DEAL STATS #
Overall 3 of 5
Sector (Software) 3 of 5
Type (Divestiture) 1 of 2
State (Wisconsin) 1 of 1
Country (United States) 3 of 4
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 ASC Software

Beavercreek, Ohio, United States

ASC provides innovative supply chain software solutions for complex supply chain challenges. The company’s products are consistently rated and awarded as some of the best in the industry, unsurpassed for price and performance. For over 30 years, ASC has provided the tools for manufacturers and distribution companies to intelligently and efficiently serve customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-17 Optitex

New York, New York, United States

Optitex is a global software provider of integrated 2D-3D computer-aided design (CAD) solutions for fashion and apparel, automotive, upholstery, and industrial fabrics. Optitex digitally streamlines design, development, and production throughout the supply chain, enabling efficient workflows and quick response to market demands. Informed by over three decades of experience and a growing base of 30,000 users, the company’s innovative solutions are highly accurate, sustainable, and cost-effective, offering brands, retailers, and manufacturers a one-vendor solution for delivering high-quality products on demand and on budget. Optitex was formed in 1988 and is based in

Buy -

Seller(S) 1

SELLER

Quadient

Bagneux, France

Category Company
Founded 1924
Sector Information Technology
Employees4,662
Revenue 1.1B EUR (2024)
DESCRIPTION

Quadient guides and supports organizations in how they send and receive communications and goods, helping them to better connect with their customers. Its services include customer experience management (CXM), business process automation (BPA), mail-related solutions, and parcel locker solutions. Quadient was founded in 1924 and is based in Bagneux, France.


DEAL STATS #
Overall 4 of 6
Sector (Software) 3 of 3
Type (Divestiture) 4 of 6
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Human Inference B.V.

Arnhem, Netherlands

Human Inference is a field of solutions for improving the quality of corporate data. Human Inference software allows customers to work with reliable data that is complete, correct, up-to-date and unique. The software also enables the integration of data from different sources. It is geared to high-quality solutions and has been specially designed for large databases.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Beanworks

Vancouver, British Columbia, Canada

Beanworks specializes in Software as a Service (SaaS) Accounts Payable Automation solutions. The company was founded in 2012 and is headquartered in Vancouver, Canada. A highly performing FinTech with an attractive SaaS recurring revenue model and a track record of high double-digit annual revenue growth, Beanworks supports the accounts payable processes of nearly 800 customers that, combined, currently process more than €11.9 billion a year through the platform.

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