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Jun 2, 2021
Published on July 14, 2017 July 14, 2017 • 8 Likes • 0 Comments 0 On June 15, 2017, the business of Tibersoft Corporation was acquired by Volaris Group, a division of Constellation Software (TSX:CSU). Tibersoft is a leading provider of SaaS analytics solutions for CPG foodservice providers. Constellation Software acquires, manages, and builds industry-specific software businesses designed to provide specialized, mission-critical software solutions that address particular customer needs. Tibersoft will continue as a fully owned, but autonomous, business within the Volaris Group and Constellation Software. The transaction is the successful culmination of a highly competitive sale process for Tibersoft. According to Tibersoft CEO Chris Martin, “The number one reason we chose Constellation is the long-term stability of the relationship. Constellation’s practice is to buy and hold companies for the long term. Tibersoft can now make long term R&D investments that leverage and extend the OpTRADE database and Explore software platforms.” Continued Jonathan Hodson-Walker, Managing Partner of Silverwood Partners, “The acquisition of Tibersoft by Constellation Software is a tremendous outcome for both companies. The transaction is also illustrative of an acceleration of the use of leading edge technology in the consumer products and food sector. In a fast-changing industry, it is becoming increasingly important for food and beverage product manufacturers, and retailers to establish and deepen a direct relationship with consumers.” Silverwood Partners served as the exclusive financial adviser to Tibersoft Corporation.
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