has been acquired by
4th Source is a leading provider of nearshore software development and IT services to sophisticated clients with complex technology requirements.
4th Source
Type
M&A Sell-Side
Description
has been acquired by
4th Source is a leading provider of nearshore software development and IT services to sophisticated clients with complex technology requirements.
About
Headquartered in Tampa, Florida, 4th Source is a leading provider of nearshore software development and IT services to sophisticated clients with complex technology requirements. 4th Source specializes in the support of the complete software lifecycle including the development, testing, deployment and support of custom and packaged applications. 4th Source delivers its services through a hybrid U.S.-Mexico nearshore model, which is ideally suited for modern software development models that require real-time communication and collaboration.
Situation
Croft & Bender was engaged to help the Company evaluate strategic alternatives, including a majority recapitalization or strategic sale of the business. Croft & Bender worked with the Company to build a financial model, develop marketing materials, conduct management presentations, manage the diligence process and negotiate with buyers.
Result
Croft & Bender successfully negotiated the sale of the Company to AN Global.