M&A Deal Summary

Sylogist Acquires Municipal Accounting Systems

On March 18, 2021, Sylogist acquired software company Municipal Accounting Systems for 38M USD

Acquisition Highlights
  • This is Sylogist’s 2nd transaction in the Software sector.
  • This is Sylogist’s largest (disclosed) transaction.
  • This is Sylogist’s 2nd transaction in the United States.

M&A Deal Summary
Date 2021-03-18
Target Municipal Accounting Systems
Sector Software
Buyer(s) Sylogist
Deal Type Add-on Acquisition
Deal Value 38M USD

Target

Municipal Accounting Systems

Shawnee, United States
Municipal Accounting Systems was founded in 1985 and has grown to serve nearly 85% of the Oklahoma K-12 public education market with its integrated Wen-GAGE platform. The modern SaaS solution includes advanced budgeting and accounting, comprehensive student information tracking, grading and scheduling, and lunchroom administration.

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Buyer(S) 1

Buyer

Sylogist

Calgary, Alberta, Canada
Category Company
Founded 1993
Sector Information Technology
Employees200
Revenue 66M CAD (2023)
DESCRIPTION

Sylogist is a publisher of mission-critical software products that satisfy the unique and sophisticated functionality requirements of public sector entities, nonprofit organizations, educational institutions, government agencies as well as public compliance driven and funded businesses. Sylogist was founded in 1993 and is based in Calgary, Canada.

DEAL STATS #
Overall 2 of 4
Sector (Software) 2 of 2
Type (Add-on Acquisition) 1 of 3
Country (United States) 2 of 2
Year (2021) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 K12 Enterprise

Towson, Maryland, United States

K12 Enterprise LLC is a state of the art, software-as-a-service (SaaS) solution, offered on a subscription basis and based on Navigator ERP solution. Navigator ERP extends the functional capabilities of Microsoft Dynamics, to address the public sector and not-for-profit market places worldwide. K12E is a certified solution, with customers in 7 U.S. states and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Mission CRM

Toronto, Ontario, Canada

Mission CRM provides nonprofits with an innovative SaaS fundraising and donor engagement platform built on Microsoft's Dynamics 365, Azure, and Common Data Model, allowing charities to accelerate the momentum of their operations and advance their missions. Mission CRM was founded in 2016 and is based in Toronto, Ontario.

Buy -
Mergr

Product

Company

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