was acquired by
Tequity Inc., a progressive M&A advisory boutique specializing in the software and IT services markets, is pleased to announce the acquisition of their client, Frameworks, Inc. of Toronto Ontario by Alchemy Systems of Austin Texas, a platform company in the portfolio of The Riverside Company. The transaction closed in May 2015. Details were not disclosed. Tequity acted as the exclusive advisor to Frameworks.
Incorporated in 2002, Frameworks Inc. has developed an integrated suite of software applications that simplify the complexities of running a large multi-unit retail operation. The systems are designed to address the unique needs of all types of Tier 1, Tier 2, and Tier 3 general or specialty retail chains, including Grocery, Restaurants, and Quick Serve organizations.
The solutions empower Executives, District Managers, and Store Managers at each level in the Retail Chain to identify performance issues, take action, and track results in real time. They provide unprecedented ease-of use with graphical dashboards that abbreviate the learning curve to minutes.
About Alchemy Systems
Alchemy is the global leader in food and workplace safety training for production workers. Companies use Alchemy to increase productivity, reduce food safety incidents, and lower compliance risk. Alchemy’s unique training solution enables companies to build a strong food safety culture.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 380 transactions. The firm’s international portfolio includes more than 75 companies.
Tequity Inc. is a unique M&A advisory firm that works with the shareholders of software and IT services companies across North America and around the globe, helping shareholders to achieve their growth or liquidity objectives through strategic mergers, sales, or acquisitions.