Generational Equity Announces the Acquisition of the CPA Review Division of Matrix Learning Systems, Inc., by Abitus
DALLAS, March 11, 2014 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of the CPA Review Division of its client, Matrix Learning Systems, Inc., headquartered in Littleton, Colorado, by Abitus, headquartered in Tokyo, Japan. The acquisition closed on February 18, 2014.
Founded over 10 years ago, Matrix Learning Systems, Inc., sells computer-based professional certification exam preparation courses with textbook supplements and exam preparedness assessment tools. Approximately 50% of the Company's total revenue comes from sales of ExamMatrix's CPA Exam Review software, preparation materials, and support services. Customers include accounting firms, corporate entities and resellers. The Company has a fully-functional, e-commerce-enabled website and is well-positioned within its industry.
Managing Directors Stephen Crisham and Mike Meredith, along with their affiliate David Lewis, led the Generational Equity deal team that advised Matrix Learning Systems, Inc., on the transaction.
Abitus, Inc., is based in Tokyo, Japan and offers business development courses in various areas from CPA to Master programs. Abitus' courses for professional development are focused on those for the world's "de facto standard" professional qualifications. Abitus is the market leader in CPA education in Japan with an annual enrollment of over 1,000 students. For more information, please visit their website at http://www.abitus.co.jp.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their companies successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, has more than 200 professionals in North America, and was recently recognized by the M&A Advisor as the M&A Consulting Firm of the Year. For more information visit the following websites at www.genequityco.com, www.gecpress.com or http://blog.genequityco.com/.
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