- Colin Riley
IT ExchangeNet Facilitates Reporting-Central's Merger With Custom Information Services
CLEVELAND, October 19, 2021 - Reporting-Central, a leading ISV innovator and developer of The Closer and The Corrector aka "The Closer Guys", announced it has merged with Custom Information Services, a 30-year Dynamics GP and IT Managed Service partner.
The transaction was facilitated by IT ExchangeNet, a global leader in smaller mid-market mergers and acquisitions focusing on IT Services businesses, MSSPs, MSPs, Microsoft, and Oracle channel partners. It marks the firm's fifteenth transaction in the past 10 months.
In a continuing environment of transition and change in the extended Dynamics GP community, the merged companies are committed to providing a long-term consistent place for support, enhanced user experience, and continued innovation with new and existing solutions.
"Working with ITX proved to be more than worthwhile," said Shane Hall, President of Reporting-Central. "Their process provided clarity and stability to something that doesn't necessarily have a roadmap and introduced us to an ideal partner in CIS."
The merger with Reporting-Central further enhances CIS' ERP product and service offerings. CIS will leverage Reporting-Central's exclusive Microsoft GP Dynamics ISV tools to provide affordable and time-saving options to its customers and the greater Dynamics GP user base.
"We're excited to see what comes next for Shane and the Reporting-Central team. This merger is a great result for clients of Reporting-Central and CIS, and we're thrilled to have been part of it," commented Matthew Putzulu, COO of ITX.
Founded in 1998 by technology CEOs and M&A professionals, IT ExchangeNet (ITX) was acquired by martinwolf in January of 2021. The deal creates a globally recognized provider of M&A advisory services for transactions spanning $5 to 500 million, with both companies each having more than 20 years of experience in the IT mid-market space.
IT ExchangeNet owns a network of more than 50,000 global IT decision makers. Focusing on smaller companies that are historically ignored by large investment banks and M&A advisors, ITX leverages industry knowledge and relationships to work with companies that are ready to be sold, and buyers that are ready to buy. Specific segments of the IT industry served include: Managed IT Services, MSSPs, software as a Service (SaaS), Hosting, Infrastructure as a Service (IaaS), Cyber Security, IT Services, Software Development, and Big Data.
To learn more about ITX: www.itexchangenet.com