OMMAX advised 7pace on its successful sale to Appfire
OMMAX supported 7pace on the sale to Appfire. 7pace is the industry’s first AI-driven multi-cloud time management solution and the leading integration for teams using Azure DevOps and GitHub. Appfire is a leading enterprise collaboration software provider for teams to enhance and extend platforms like Atlassian, Salesforce, and Microsoft. Together, they will form the only true powerhouse for time tracking solutions across various ecosystems.
In preparation for the sale, OMMAX supported 7pace and their M&A advisor 4GC with a tech factbook and examined the company’s value proposition and USPs, product portfolio, IT organization, software development process as well as IT and data landscape. 7pace has a unique offering via deeply integrated time tracking into developer workflows down to work item level, providing most accurate data for team management and financial accounting. The highly customizable tracking and reporting solution provides a seamless and effortless product experience made from developers for developers.
7pace was very satisfied with OMMAX’s work. Mark Schaeffler, founder and CEO of 7pace, on the collaboration: “OMMAX supported us effectively combining software product understanding and tech expertise to derive a concise factbook about our unique offering and underlying technology platform, its competitive positioning and scalability to other cloud platforms going forward. They managed to elaborate the drivers of our success and highlighted valuable insights which were an important factor of the transaction process.”
Florian Ewald, Partner at OMMAX, comments: “We very much enjoyed working with 7pace and the management throughout the process. 7pace has shown a strong trajectory of organic growth since its foundation with high customer retention driven by a unique product offering and constantly expanding product features for Azure DevOps and GitHub. In the future, the company will benefit from rising cloud software penetration for developers and its competence in developer-oriented product development.”
Do you want to know more about OMMAX’s experience in transaction advisory? Get in touch with our partner Florian Ewald: florian.ewald (at) ommax.de.