Legacy software management company Fresche Legacy has acquired Boston-based Quadrant Software, which offers application modernization, mobile development, business intelligence, and document distribution solutions and services.
Fresche said that the combination of these companies positions it as a leader in providing value and solutions for customers using IBM i — its main customer base — second only to IBM. The transaction was supported by Fondaction, Fonds de solidarite FTQ, Investissement Quebec, BMO Corporate Banking, and BMO Capital Partners. In December 2015, Fresche announced a raise of $7.8 million in funding.
“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,” said Andy Kulakowski, President and CEO of Fresche. “We are thrilled to welcome all of the amazing and incredibly talented people joining us from The Quadrant Group who share the same commitment.”
Quadrant brings to Fresche its solutions focused on helping companies maximize their investments in IBM i, which has 150,000 clients worldwide. Fresche said that the IBM i platform (formerly AS/400, iSeries, System i) is considered a strategic ‘workhorse’ within the enterprise, and a high value component of IBM’s Power Systems business. However, organizations are struggling with maintaining and evolving their aging applications and a shortage of skills due to a retiring workforce.
“All of us at The Quadrant Group are pleased to join Fresche, a company as passionate about IBM i as we are,” said Stephen Woodard, CEO of Quadrant Software and Fresche’s newly appointed Chief Revenue Officer. “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.”
