Tequity Advises Saas Procurement Automation Provider, DataTrans Solutions, on Acquisition by Cleo

TORONTO, Feb. 7, 2025 /PRNewswire/ -- Tequity, a leading North American Tech M&A Advisory firm specializing in global enterprise B2B SaaS, Cloud, and IT company transactions, acted as the exclusive financial advisor to DataTrans Solutions, a cloud-based procurement automation and EDI solutions provider, in their acquisition by Cleo, a global leader in Ecosystem Integration software solutions and provider of the Cleo Integration Cloud (CIC) platform. Terms of the transaction were not disclosed.

The strategic addition of DataTrans expands Cleo's ability to help businesses streamline procurement, optimize working capital, and strengthen supplier relationships.

"Cleo's vision is to deliver true supply chain orchestration by bridging the gap between planning and execution," said Mahesh Rajasekharan, President and CEO of Cleo. "With DTS's technology embedded into CIC, we're empowering procurement teams to reduce costs, improve efficiency, and minimize supply chain risks—all through automation."

Mike Franks, CEO of DTS, emphasized, "Joining Cleo marks a new chapter for DTS customers and employees. With Cleo's innovation-driven approach, we will accelerate the adoption of procurement automation and deliver even greater value."

On working with Tequity, Mike shared, "Tequity provided very professional guidance and leadership during each step of the acquisition process. Diane and Anish have the experience necessary to address complex M&A issues and certainly exceeded our expectations. I highly recommend Tequity for a very successful M&A outcome."

Anish Singla, Managing Partner & Co-Founder at Tequity added "The M&A landscape for SaaS companies in 2025 presents a unique window of opportunity for sellers. With strong investor appetite, increasing demand for recurring revenue models, and strategic buyers looking to expand through acquisition, the timing is optimal for founders to capitalize on market momentum and maximize their exit potential."

About DataTrans Solutions 
DataTrans specializes in leading EDI, eCommerce, fulfillment and supply chain automation solutions. DataTrans is the leading EDI provider that maintains connections with thousands of companies allowing users to easily manage activity within a cloud-based EDI portal.  See www.datatrans-inc.com  

About Cleo
Cleo is an ecosystem integration software company focused on business outcomes, ensuring each customer's potential is realized by delivering solutions that make it easy to discover and create value through the movement and integration of B2B enterprise data.  Cleo gives customers strategic, "outside-in" visibility into the critical end-to-end business flows happening across their ecosystems of partners and customers, marketplaces, and internal cloud and on-premise applications.  Our solutions empower teams to drive business agility, accelerate onboarding, facilitate the modernization of key business processes, and capture new revenue streams by reimagining and remastering their digital ecosystem through robust application, B2B, and data integration technologies. For more information, visit www.cleo.com or call +1.815.282.7695.

About Tequity
Tequity Advisors partners with enterprise B2B SaaS, Cloud, and IT companies to drive growth and expertly navigate exit strategies through strategic M&A. With decades of experience as executives, consultants, and business owners in the software and technology sectors, Tequity offers unparalleled industry insights and a vast network of strategic, growth-driven buyers. Tequity is committed to facilitating successful M&A transactions that maximize value and fuel long-term success. Discover more at www.tequityadvisors.com.

For more information about the acquisition or to learn more about Tequity, please contact:

Media Contact:
Diane Horton
Managing Partner & Co-Founder
Tequity Advisors
416.993.1734
[email protected]

SOURCE Tequity Advisors