Prism Advise on Sale of EDI Software Developer

We are pleased to announce that the Prism Team have advised on the sale of AdvanceFirst Technologies Ltd, a leading provider of Electronic Data Interchange (EDI) solutions, to PipeChain, a Swedish provider of global supply chain management software.

AdvanceFirst Technologies (AFT), based in Staines, is a supply chain software company providing EDI solutions mainly for the retail industry. AFT delivers tailored, scalable solutions that ensure compliance and seamless integration with existing ERP systems. Their advanced analytics tools on a cloud-based platform provide end-to-end visibility of business document flows.

PipeChain provides cloud-based Multi-Enterprise Network software for the automotive & retail industry and Collaborative Planning & Execution software for global supply chains. One of PipeChain’s two business areas, PipeChain Networks AB, acquired AFT – this combination of the two businesses will enable retailers and their suppliers to rapidly build highly connected, agile and resilient supply chains.

Prism Corporate Broking (Prism) is a specialist M&A advisory that has been helping owner-managers to buy and sell businesses for over 20 years. The Prism team are experts in the tech sector including B2B software and IT services. AFT’s two shareholders had decided to retire and they joined one of Prism’s insightful live webinars for tech business owners. The Prism team then supported them throughout the whole of the sale process – from pre-sale preparation and identifying potential buyers, through negotiations and due diligence, to the successful completion.

Malcolm Miller, co-founder and previous major shareholder of AFT, said “Joining PipeChain is a fantastic opportunity for AdvanceFirst Technologies. Our team is eager to integrate AdvanceFirst Technologies solutions with PipeChain’s robust platform and explore new possibilities for our customers as well as our personnel.”

Peter Thomas, co-founder and previous shareholder of AFT, said “Prism were very professional, helpful, supportive and informative. They enabled us to complete our business sale within the timeframe we required.”

Hans Berggren, Group CEO & Co-founder of PipeChain, said “This strategic acquisition significantly strengthens PipeChain Networks’ retail offering and expands its footprint across Europe.”

Peter Watson, Managing Director of Prism, said “We are delighted to have been able to help AFT’s owners through the sale process. The business has a strong future with PipeChain.”

Sell-side legal advice was provided to AFT by lawyers Stevens & Bolton LLP. The buy-side was advised by lawyers DLA Piper.

Find out more about our business sale service here: www.prismcorporatebroking.com/sell-your-business

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