M&A Deal Summary

Titan Cloud Software Acquires JMM Global

On October 30, 2019, Titan Cloud Software acquired software company JMM Global from BSM Technologies

Acquisition Highlights
  • This is Titan Cloud Software’s 1st transaction in the Software sector.
  • This is Titan Cloud Software’s 1st transaction in the United States.
  • This is Titan Cloud Software’s 1st transaction in Illinois.

M&A Deal Summary

Date 2019-10-30
Target JMM Global
Sector Software
Buyer(s) Titan Cloud Software
Sellers(s) BSM Technologies
Deal Type Divestiture

Target

JMM Global

Elgin, Illinois, United States
JMM Global is a SaaS organization committed to the success of its clients. JMM Global provides environmental compliance management, fuel inventory management, mobile inspection surveys, and 24/7/365 call center services via a comprehensive software platform and service center. JMM Global assists organizations in the retail, government, waste management, and fleet industries with the optimization of operations and mitigation of risk from fines and violations.

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Buyer(S) 1

Buyer

Titan Cloud Software

Franklin, Tennessee, United States

Category Company
Founded 2012
Sector Software
DESCRIPTION

Titan Cloud Software provides industry-major solutions for environmental compliance, advanced fuel analytics, and facility management so that clients can effectively manage risk and run efficient, profitable businesses. Entrusted by a customer base that comprises the who's who of the retail petroleum industry and commercial fleet market, Titan's software currently monitors 50% of all U.S. consumer gasoline throughput and covers more than 65,000 facilities. Working with this extensive network enables Titan to provide its customers with compelling data and analytics that they can use to manage risk and fuel profit. Titan Cloud Software was founded in 2012 and is based in Franklin, Tennessee.


DEAL STATS #
Overall 1 of 7
Sector: Software M&A 1 of 5
Type: Divestiture M&A Deals 1 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 Environmental Monitoring Solutions Pty

Victoria, Australia

Environmental Monitoring Solutions Pty Ltd (EMS) has been specializing in Wetstock Management and Forecourt Automation for the past 25 years. Its innovative products are used in a variety of industries including retail forecourts, fleets, utilities, and airports. EMS was founded in 2003 and is located near Victoria, Australia.

Buy -

Seller(S) 1

SELLER

BSM Technologies

Toronto, Ontario, Canada

Category Company
Founded 1996
Sector Software
Employees251
Revenue 59M CAD (2018)
DESCRIPTION

BSM Technologies, Inc. is a provider of remote monitoring, fleet tracking and fleet maintenance and a business intelligence engine providing real time web-based tracking of mobile and fixed assets. BSM provides solutions for commercial, government, and law enforcement organizations who manage and operate diverse assets and large fleets, and who seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs. BSM Technologies Inc. was founded in 1996 and is headquartered in Toronto, Ontario. BSM Technologies, Inc. was founded in 1996 and is headquartered in Toronto, Canada.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Mobi

Austin, Texas, United States

Mobi is a privately-held software provider with a core product offering of several modules utilizing GPS data and analytics to enable its customers to better manage operational activities such as planning, scheduling, routing and dispatch. As an example, mobi.Route uses Mobi’s proprietary technology to reduce mileage and increase on time arrival allowing users to balance operational costs and customer satisfaction.

Buy $8M