Tequity's Strategic Advisory Role in DataTrans Solutions' Acquisition by Cleo

On February 7, 2025, Tequity, a prominent North American firm specializing in tech mergers and acquisitions, announced its role as the exclusive financial advisor in the acquisition of DataTrans Solutions by Cleo. This strategic acquisition highlights Tequity's expertise in facilitating major transactions in the B2B SaaS, Cloud, and IT sectors.

DataTrans Solutions is well-known in the industry for its cloud-based procurement automation and Electronic Data Interchange (EDI) solutions. With this acquisition, Cleo aims to augment its capabilities in supply chain integration and enhance the efficiency of its offerings with the Cleo Integration Cloud (CIC) platform. The precise terms of the deal have not been disclosed.

Cleo's President and CEO Mahesh Rajasekharan commented on the acquisition, emphasizing the company's vision to create a harmonious supply chain orchestration that connects planning with execution. With DataTrans's technology being integrated into CIC, the acquisition is set to empower procurement teams by automating processes, lowering operational costs, and minimizing supply chain risks.

Mike Franks, CEO of DataTrans Solutions, expressed his enthusiasm regarding the transition, stating that this partnership represents a significant new chapter for both the company’s employees and its customer base. He affirmed that Cleo's innovation-driven strategy will accelerate the deployment of procurement automation solutions, thereby delivering greater value to existing and new clients.

Franks also praised Tequity's guidance throughout the acquisition process. He noted, “Tequity provided exceptionally professional leadership at every stage, showcasing an impressive capability to navigate the complexities associated with M&A transactions.”

Anish Singla, co-founder and Managing Partner at Tequity, offered insights into the current M&A landscape for SaaS firms. He remarked that 2025 presents an unprecedented opportunity for sellers due to an influx of investor interest and a rising demand for recurring revenue models. Singla encouraged founders to seize this favorable timing to maximize their exit strategies and capitalize on the prevailing market dynamics.

About DataTrans Solutions

DataTrans Solutions has established itself as a leader in EDI, eCommerce, fulfillment, and supply chain automation solutions. The company maintains connectivity with a vast network of enterprises, enabling them to streamline activities through a cloud-based EDI portal, significantly enhancing operational efficiency.

About Cleo

Cleo specializes in ecosystem integration software, enabling businesses to achieve better outcomes through effective workflow automation. The firm focuses on B2B enterprise data movement and integration. Their innovative solutions provide comprehensive visibility and help businesses improve agility while uncovering new revenue opportunities.

About Tequity

Tequity Advisors offers vital partnerships to enterprise B2B SaaS, Cloud, and IT firms, expertly guiding them through growth strategies and exit methodologies via strategic M&A transactions. With deep-rooted industry knowledge and an expansive network, Tequity ensures successful outcomes that maximize value and promote sustained success. Learn more at Tequity Advisors.

For inquiries regarding the acquisition or more information about Tequity, please reach out to Diane Horton, Managing Partner and Co-Founder at Tequity Advisors, or visit their website.