M&A Deal Summary

QAD Acquires Phenix

On October 7, 2024, QAD acquired software company Phenix

Acquisition Highlights
  • This is QAD’s 7th transaction in the Software sector.
  • This is QAD’s 1st transaction in Canada.
  • This is QAD’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-10-07
Target Phenix
Sector Software
Buyer(s) QAD
Deal Type Add-on Acquisition

Target

Phenix

Toronto, Ontario, Canada
Phenix provides production scheduling for global companies in the process industry and bridging the gap between planning and execution. Phenix cloud-based scheduling solution enables the people who manage manufacturing the ability to orchestrate production, changeovers and inventory with delivery, cost and sustainability goals. Phenix is headquartered in Toronto, Ontario.

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Buyer(S) 1

Buyer

QAD

Santa Barbara, California, United States
Category Company
Founded 1979
Sector Software
Revenue 308M USD (2021)
DESCRIPTION

QAD is a provider of enterprise applications for global manufacturing companies. The company's applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with customers, suppliers, and partners to make and deliver the right product, at the right cost and at the right time. QAD was founded in 1979 and is based in Santa Barbara, California.

DEAL STATS #
Overall 9 of 9
Sector (Software) 7 of 7
Type (Add-on Acquisition) 9 of 9
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 RedZone Robotics

Warrendale, Pennsylvania, United States

RedZone Robotics is a technology-enabled solutions business that uses proprietary robots and software tools to provide inspection, data collection, and asset management services primarily for wastewater pipeline systems. RedZone Robotics was founded in 1987 and is based in Warrendale, Pennsylvania.

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