M&A Deal Summary

SICOM Systems Acquires NEXTEP SYSTEMS

On June 12, 2018, SICOM Systems acquired software company NEXTEP SYSTEMS

Acquisition Highlights
  • This is SICOM Systems’ 4th transaction in the Software sector.
  • This is SICOM Systems’ 2nd transaction in the United States.
  • This is SICOM Systems’ 1st transaction in Michigan.

M&A Deal Summary

Date 2018-06-12
Target NEXTEP SYSTEMS
Sector Software
Buyer(s) SICOM Systems
Deal Type Add-on Acquisition

Target

NEXTEP SYSTEMS

Troy, Michigan, United States
NEXTEP SYSTEMS is a provider of self-ordering point of sale solutions, digital signage and restaurant management software for managed food service, quick service and fast casual restaurants. NEXTEP SYSTEMS was founded in 2005 and is based in Troy, Michigan.

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Buyer(S) 1

Buyer

SICOM Systems

Doylestown, Pennsylvania, United States

Category Company
Founded 1987
Sector Software
DESCRIPTION

SICOM Systems, Inc. is a provider of end-to-end solutions for quick service and fast casual restaurants. SICOM offers front-of-house solutions (i.e. Digital Menu Boards, Point-of-Sale (POS) and Order Confirmation Units); back-of-house solutions (Drive-Thru Director™ and Chef™ Kitchen Management); as well as above restaurant solutions (360° Data Analytics and SEMS4 Restaurant Management) that are helping major restaurant chains around the globe to streamline their operations. SICOM Systems, Inc. was founded in 1987 and is based in Doylestown, Pennsylvania.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 4 of 4
Type: Add-on Acquisition M&A Deals 2 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Posera - FingerPrints Point Of Sale System

London, Ontario, Canada

Posera - FingerPrints Point Of Sale (POS) System is an user interface and fully redundant system with integrated payment, EMV, loyalty and gift card capabilities as well as centralized menu and pricing programming, together with enabled mobile ordering.

Buy -