M&A Deal Summary

PYXiS Software Group Acquires TracxTMS

On November 15, 2024, PYXiS Software Group acquired software company TracxTMS

Acquisition Highlights
  • This is PYXiS Software Group’s 1st transaction in the Software sector.
  • This is PYXiS Software Group’s 1st transaction in Canada.
  • This is PYXiS Software Group’s 1st transaction in Alberta.

M&A Deal Summary
Date 2024-11-15
Target TracxTMS
Sector Software
Buyer(s) PYXiS Software Group
Deal Type Add-on Acquisition

Target

TracxTMS

Lethbridge, Alberta, Canada
TracxTMS is a cutting-edge, cloud-based Transportation Management System (TMS) designed to address the top needs of the logistics landscape. TracxTMS provides all the features and access to information required to efficiently serve USPS contractors, general freight, brokerage, intermodal, and livestock hauling businesses. TracxTMS was founded in 2015 and is based in Lethbridge, Alberta.

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Buyer(S) 1

Buyer

PYXiS Software Group

Markham, Ontario, Canada
Category Company
Sector Software
DESCRIPTION

PYXiS Software Group is a buy-and-hold-forever acquirer of vertical market software businesses. PYXiS operates independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets. PYXiS Software Group is based in Markham, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
Mergr

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