Prism Facilitate Sale of CPQ Software Provider
Prism Corporate Broking is pleased to announce that it has facilitated the sale of channelcentral.net Limited, a leading Configure Price Quote (CPQ) software provider for the IT Channel, to 360insights.com Europe (360insights), a Channel Incentives Management (CIM) provider. The acquisition widens 360insights’ Channel Success Platform’s capabilities and further positions them to deliver highly functional Channel Ecosystem visibility and insights.
channelcentral.net Limited (channelcentral) provides highly specialised and bespoke SaaS to the IT Channel – IT manufacturers, distributers and resellers around the world. Its flagship services – iQuote, PowerQuote and Market Pro – help companies to optimise their workflows and become more efficient, whilst driving sales revenues and providing a better customer experience. When embedded into online web stores they allow customers to configure their own order and self-serve at any time. channelcentral has transformed the way that the IT Channel sells complex products and solutions.
360insights has developed the Channel Success Platform, the leading platform for optimizing both B2B and B2C channel incentives all from one platform. 360insights is founded on the idea that the world of incentive management could be dramatically improved by utilising technology, with a business model driven by innovation and the latest technology. It seeks to deliver a better way of doing business and to provide unbelievable experiences for customers. This is 360insights’ seventh strategic acquisition in just three years.
“I’m delighted that channelcentral.net is joining 360insights. It’s an exciting opportunity for our staff, who will be able to experience new projects, technology and customer interactions as part of their career development,” said Tim Moyle, CEO of channelcentral. “For our customers, we want to ensure that we continue to provide outstanding services that deliver strong ROI. We also believe that there is a great opportunity to listen to 360insights’ sales teams and customers about how our CPQ capabilities can enhance their Channel Ecosystems.”
Jason Atkins, Founder & CEO of 360insights, adds, “As we continue with our growth momentum, the acquisition of channelcentral is a natural evolution in that process. We couldn’t be more excited to not only integrate channelcentral’s powerful CPQ tools and other Channel software solutions onto the Channel Success platform, but to also welcome its diverse and highly-capable team.”
Peter Watson, Managing Director of Prism Corporate Broking (Prism) says, “360insights were identified early on in the process, presenting a clear strategic fit, which has been confirmed as the deal has progressed. 360Insights provides a perfect home for channelcentral and the response from both customers and staff has been very positive. It has been a pleasure working with the channelcentral team, and their swift provision of information certainly helped the deal progression.”
Prism is a boutique corporate broker specialising in helping people to buy and sell businesses throughout the technology sector. Prism advises clients on every aspect of buying or selling from essential pre-sale advice or acquisition preparation, through negotiations to successful deal completion.
Aquabridge Law provided the legal support for the sale.