Completed Transaction by Avema

Avema

has acquired

Breakaway

Tequity acted as the exclusive financial advisor to Avema, the developer of Wireless Expense Management, Telecom Expense Management and Telecom Audit Software in their acquisition of Breakaway, a professional services firm focused on the many challenges faced by corporations and other entities in managing telecommunications services, assets and expenses.

About Avema Corporation

A pioneer in telecom and wireless cost optimization, and a leader in mobile device management deployment, Avema’s expertise has helped hundreds of organizations including Suncor, RBC and Spectra Energy. Avema’s software and managed services helps large organizations to clearly understand their telecom and mobile costs, rid themselves of manual administrative chores, address their mobile security needs and free up more time to focus on higher value strategic work. For more information, visit www.avemacorp.com.

About Breakaway Services

Breakaway Services is a professional services firm focused on the many challenges faced by corporations and other entities in managing telecommunications services, assets and expenses. Its services cover both traditional land-line telecommunications, and use-based services such as wireless. Breakaway’s goal is to help its clients save money and time, eliminating the headaches that can accompany a diverse telecommunications infrastructure. Breakaway is an AOTMP top-10 ranked expense management provider, with clients that include UDR, City and County of Denver, Oppenheimer Funds, and the Denver International Airport. Breakaway Services is headquartered in Denver Colorado, with clients across the United States.

Tech M&A transactions are all we do

Tequity provides M&A advisory services to Enterprise Software and Information Technology companies in the mid-market across North America and around the globe with a primary focus on strategic sales, mergers, and carve-outs. As business operations and growth specialists who have built companies, raised capital, and successfully exited, we bring real world experience to any M&A discussion.

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