Expertise: Financing & Debt Advisory|Mergers & Acquisitions

Transaction Announcement

Image API, a provider of tech-enabled business process optimization, document digitization services, and document management software to State and Local government agencies, has been acquired by Docufree, a leading provider of information management and business process automation.

The acquisition strengthens Docufree’s position as a trusted partner for government organizations seeking to modernize their document management, optimize workflows, and maintain regulatory compliance. “We are excited to welcome Image API to the Docufree family,” said Brad Jenkins, chief executive officer at Docufree.

“This acquisition will significantly enhance our software capabilities and operational efficiency, positioning our AI- driven SaaS and BPaaS platform as a leading solution in the Intelligent Document Management market, particularly for state, local, and education (SLED) agencies.”

To learn more, please visit our website: www.glca.com

We engaged the GLC Technology Team to manage the Image API sale process. The team exhibited utmost professionalism and perseverance, as well as specialized GovTech sector knowledge, in executing a transaction with delicate complications. In addition to technical M&A expertise, the GLC team used sensitive people skills to guide us to a successful conclusion. Milestone highly recommends GLC to any tech company planning to navigate a sale process.

Scott Warren
Partner, Milestone Partners

GLC Technology Team Overview

GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.

Transaction Announcement

FortyAU, a leading onshore/nearshore software development firm delivering world-class software development solutions to growing and innovative clients in the Healthcare and Financial Services sectors, received a growth investment from ASH Investment Partners, an Atlanta- based private equity firm focused on digital services, SaaS, and tech-enabled businesses.

“We have built a team of deep technical talent with significant domain expertise in healthcare and other critical end markets. We are now poised to capitalize on these capabilities with a new partner that is supportive of growth and investment.” says Andrew Kerr, CEO of FortyAU.

To learn more, please visit our website: www.glca.com

GLC did a fantastic job managing a successful sale process. The entire GLC team was with us every step of the way, offering invaluable insights and support by leveraging their rich M&A experience and applying a hands-on approach to tackle complex deal challenges. The GLC team worked tirelessly and remained steadfast in their commitment to providing value to all of FortyAU’s stakeholders. We are excited about the future and grateful for their guidance during this pivotal process.

Logan Buchanan
Co-founder, FortyAU

GLC Technology Team Overview

GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.