Ponterra Business Advisors Represents TimeManagement Corporation on Sale of Assets to Agilysys
MCLEAN, VA, June 18, 2013 – Ponterra Business Advisors, a leading global middle market Mergers & Acquisitions (M&A) advisory firm focused on the travel, hospitality, foodservice and retail technology and services sector, today announced that it acted as the exclusive M&A advisor to TimeManagement Corporation in its sale of specific assets to Agilysys, Inc., a leading developer and marketer of proprietary enterprise workforce management software to the hospitality and retail industries. The financial terms of the deal were not disclosed.
TimeManagement Corporation is a Minneapolis-based technology provider with solutions that streamline workforce management environments for hospitality operators. Its TMx labor management solution seamlessly integrates to numerous POS, PMS, inventory and payroll systems, including Agilysys InfoGenesis™ POS and Agilysys Eatec® inventory & procurement solution. The acquisition, which was completed this week, adds TMx to Agilysys’ expansive portfolio of hospitality technology solutions.
Barrs Lewis, CEO of TimeManagement Corporation said, “We are very excited about joining forces with Agilysys, and very appreciative of the expert guidance and advice we received from John Rovani and Ponterra Business Advisors throughout the process, including restructuring and positioning to optimize our exit options. He and his team were instrumental in preparing us for the transition. Their knowledge of and deep contacts within the global hospitality and technology sectors were invaluable, and something a generalist could not have provided.”
John Rovani, managing partner of Ponterra Business Advisors and 2012 M&A Advisor Dealmaker of the Year finalist, stated, “We are pleased that we were able to help TimeManagement shareholders achieve their goals with this win-win transaction for both TimeManagement and Agilysys. As a specialty firm with sector operating experience, our knowledge of the industry, deep contacts with decision makers and in-depth deal experience, allow us to recognize the value of financial and strategic investor approaches and negotiate the best possible terms. We are honored to be a part of this deal, which further strengthens Agilysys’ position in the hospitality software sector.”
Ponterra Business Advisors is an independent strategic business and mergers & acquisitions advisory firm organized to work with middle market companies in the $5 million to $100 million annual revenue range. The firm’s mission is to help entrepreneurs, business owners, family offices and private equity groups achieve global opportunities through business mentoring, strategic advisory, exit planning and preparation, as well as mergers and acquisitions. With extensive and unique experience in over 30 countries in Europe, Asia, India, the Americas and Africa/Middle East, Ponterra provides international reach and specialty financial and business advisory expertise.
About Ponterra Business Advisors Ponterra Business Advisors is a strategic specialty middle market Mergers & Acquisitions advisory firm with a unique focus on the global travel, hospitality, retail and foodservice technology and services sectors. Originally founded as JSR International, LLC in 1997, the company re-branded in December 2012 as Ponterra Business Advisors. With world headquarters in McLean, Virginia, Ponterra is active globally, and in many cases works with complementary in-country investment banking affiliates who bring local market, regulatory, accounting, cultural and language expertise, thereby providing certain clients in countries such as India, Germany, the UK and France, a comprehensive full service investment banking solution with local knowledge, expertise and presence. Ponterra Business Advisors offers proven success in closing deals around the globe through a diligent M&A process, with comprehensive business financial services including: mergers and acquisitions advisory; exit planning and business mentoring; capital formation; business valuation; and board advisory. For more information, please visit www.ponterra.com or call toll-free in North America, 1-855-205-2500. Internationally, please call +1 703-565-2177.