TekSoft, Inc. develops software for integrating wire frame and solids modeling design with CNC machining, turning and fabricating equipment. Cimtronics, Inc. is a reseller of computer assisted manufacturing software. The company’s parent, OnCourse Technologies, Inc., is a public company that develops, markets and supports proprietary software for manufacturing.
Geometric Software Solutions Co. Ltd., headquartered in Bombay , India , provides product life cycle management solutions to the global mechanical design, manufacturing and industrial markets. The company employs over 1,000 software professionals at its offshore development centers and has wholly owned subsidiaries in the US , Asia and Europe .
OEM Capital was asked by Mertz Associates, Inc. a Milwaukee based firm serving as the exclusive financial advisor to OnCourse Technologies, Inc. and, along with OEM Capital , a member of the International Association of Merger and Acquisition Professionals, to assist it in the sale of TekSoft, Inc. and Cimtronics, Inc. by helping to position the company for a sale and identifying and contacting potential buyers.
OEM Capital worked closely with Mertz Associates, Inc. to develop a marketing program aimed at soliciting interest from strategic acquirers. This program elicited a number of interested parties, from which a few were selected to meet with management and receive a detailed business presentation.
Our success with OnCourse Technologies, Inc. illustrates that superior results can be realized by a well-executed approach by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.