Quadrant Software Has Been Acquired by Fresche Legacy

Quadrant Software Profile

  • Quadrant is a leading provider of software solutions that businesses count on to access, manage and deliver critical business applications running on legacy platforms
  • Quadrant serves approximately 1,800 customers worldwide, including Bank of America, Google, Lowe’s, SAP and Starbucks
  • Following the company’s acquisition by Candescent Partners in 2010, Quadrant successfully executed a consolidation strategy, acquiring BCD, Excel Systems, SoftBase and NetLert
  • Quadrant was founded in 1990 and is headquartered in Mansfield, MA

Fresche Legacy Profile

  • Fresche Legacy is a leading provider of application development and midrange system productivity tools, founded in 1976 and headquartered in Quebec
  • Fresche Legacy focuses on application management and modernization solutions, including planning and analysis, application and database modernization, development and deployment, staff augmentation, complete project management and ongoing application services
  • Companies running RPG, COBOL, CA 2E SYNON and Java applications rely on their comprehensive, automated solutions that optimize IBM i systems and help take advantage of the Web & Mobile Solutions Summit

Transaction Notes

  • The acquisition of Quadrant by Fresche Legacy was announced on June 9, 2016
  • The combination of these companies positions Fresche as the leading independent vendor of solutions for IBM i customers, second only to IBM itself
  • With a 100 percent focus on helping customers achieve their IT goals, our solutions enable customers to better understand, leverage and extend the value that resides within their IBM i applications and systems.  We are thrilled to welcome all of the amazing and incredibly talented people joining us from Quadrant who share the same commitment.”  (Andy Kulakowski, President and CEO of Fresche Legacy)
  • All of us at Quadrant are pleased to join Fresche, a company as passionate about IBM i as we are.  The significant resources and technologies at Fresche allow us to further invest in our customers, partners, employees, solutions and our future. Companies around the world with a strategic investment in IBM i can look ahead with confidence, safe in the knowledge they have a clear path forward with Fresche/Quadrant as their partner.”  (Stephen Woodard, CEO of Quadrant Software)
  • Shea & Company served as the exclusive financial advisor to Quadrant Software and the company’s owner, Candescent Partners
 
Financial terms not disclosed
has been acquired by
Shea & Company served as the exclusive financial advisor to Quadrant and Candescent Partners