has merged with

a portfolio company of

ControlScan is a leading provider of security and compliance solutions.

The undersigned acted as financial advisor to ControlScan in this Transaction

ControlScan

Description

ControlScan is a leading provider of security and compliance solutions.

Situation

ControlScan engaged Croft & Bender to evaluate its strategic alternatives, which included valuing the Company, drafting the offering memorandum and related materials, marketing the Company, selecting a partner, and negotiating the transaction. Early in the marketing process, the Company received an attractive offer from EchoSat, Inc. (“EchoSat”), a portfolio company of Thompson Street Capital Partners, to merge the two complementary businesses.

Result

Croft & Bender successfully negotiated the merger of the Company with EchoSat, creating a combined company able to offer a full suite of security and compliance products and services.