was acquired by
Tequity Inc., a North American M&A advisory firm specializing in strategic Technology M&A transactions, acted as the exclusive financial advisor to Innovative Computer Solutions, Inc. (“ICS”), a leading provider of retail point of sale (“POS”) and inventory systems to beer, liquor, and wine stores in the United States, in their strategic sale to Jonas Software.
With the acquisition of ICS, Jonas Software expands upon its presence in the Retail and POS market, and enters into a sub-vertical focused on beer, liquor and wine retailers.
“We are excited to welcome the ICS team to the Jonas family. ICS and its core product, Vision, represent a strong addition to our North American Retail and POS presence.” – Matt Otchet, Portfolio Manager at Jonas Software.
Tony Pitale, Co-founder and President of ICS added, “Our acquisition by Jonas Software is a recognition of 30+ years that we have delivered excellent software and services to our satisfied customers, and provides our customers and our team with increased confidence that Vision will continue to be the solution of choice for years to come. The business will be in great hands under the leadership of Jonas Software, and we feel confident that our brand, staff and customer relationships will remain intact and prosperous going forward.”
About Innovative Computer Solutions, Inc.
ICS is a leading provider of software solutions to the US beer, liquor and wine retail market. ICS’ core product, Vision, provides Point of Sale, Inventory, Purchasing and Reporting solutions for more than 600 retail locations. www.winepos.com
About Jonas Software
Jonas Software operates over 70 independently managed software companies around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets. From our roots formed in the Construction and Club Management markets, our reach has grown extensively within the Hospitality, Fitness and Industrial verticals. Today we are proud to supply industry leading enterprise management software and related services to 17 vertical markets. www.jonassoftware.com
Tequity specializes in strategic M&A advisory work for Software and IT Services companies across North America and around the globe. We help shareholders to achieve their growth or exit goals through synergistic M&A transactions with growth-focused acquirers. As former technology company owners and executives, the advisors at Tequity have a deep understanding of the many factors that can improve, or detract from, a technology company’s valuation. Tequity consistently achieves very high success rates and offers companies a unique competitive advantage through our specific focus on the tech market, one of the largest databases in the industry, and our ability to get deals done discreetly. www.tequityinc.com