Harris williams & co. advises manatron, inc. in its sale to thomson
reuters
Boston--(business wire)--harris williams & co. announces that manatron, inc., a portfolio company of thoma bravo, has been acquired by strategic buyer thomson reuters (nyse:tri). harris williams & co. advised manatron, with garin arevian and rahul swani executing the transaction from the firm’s technology, telecom & digital media (ttdm) group in boston. “manatron’s leading market position, high barriers to entry and growing recurring revenue base made it a very attractive acquisition target for strategic buyers, who are increasingly placing a premium on revenue visibility,” commented garin arevian, a director in harris williams & co.’s ttdm group. with over 70% of the ttdm group’s recent deals sold to strategic buyers, including transactions with dell, transunion and epiq systems, harris williams & co. continues to leverage its global relationships to deliver superior results for its clients. “manatron is the only provider of an end-to-end property tax management software solution from land registry to tax billing and collection. the combination with thomson reuters further enhances manatron’s global reach and ability to address growing demand from local and foreign governments to establish new property management systems or to optimize existing tax collections,” added rahul swani, vice president in hw&co’s ttdm group. manatron is a leading provider of integrated, enterprise-level property tax solutions for governments and municipalities around the world. the company’s software manages the entire property life cycle, which includes deed recording, land records, gis (geographic information system) integration, valuation, assessment administration, personal property, business licenses, cashiering, tax billing and collection, delinquents and tax sales and e-government services. manatron serves over 1,400 clients in 40 u.s. states and 20 countries in north america, europe, africa, asia and the caribbean. thoma bravo is a leading private equity investment firm that has been providing equity and strategic support to experienced management teams building growing companies for 30 years. the firm originated the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. thoma bravo applies its investment strategy across multiple industries, with a particular focus on the software and service sectors, and works in partnership with management to implement its operating and consolidation expertise to build long-term value. in software, thoma bravo has completed more than 40 add-on acquisitions across 18 platform companies with total annual earnings of approximately $1 billion. harris williams & co. (www.harriswilliams.com), a member of the pnc financial services group, inc. (nyse:pnc), is the premier middle market advisor with a two-decade legacy of m&a advisory excellence serving clients worldwide. the firm is focused exclusively on the middle market, providing sell side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services. the firm’s ttdm team focuses on software, it services, communications and digital media. for more information on harris williams & co.’s efforts in ttdm, contact jeff bistrong at +1 (617) 654-2102 or thierry monjauze at +44 207 518 8900. investment banking services are provided by harris williams llc, a registered broker-dealer and member of finra and sipc, and harris williams & co. ltd, an appointed representative of sturgeon ventures llp, which is authorized and regulated by the financial services authority. harris williams & co. is a trade name under which harris williams llc and harris williams & co. ltd conduct business in the u.s. and europe, respectively. for general release inquiries, please contact kimberly baker, marketing director, at +1 (804) 648-0072.
