Sequeira Partners acted as exclusive financial advisor to ComalaTechnology Solutions, Inc. (“Comalatech”) on the sale to AppfireTechnologies, LLC (“Appfire”).
The transaction closed in April 2022:
Description of Transaction
Sequeira Partners was engaged by the shareholders of Comalatech to assist them in identifying and pursuing a transaction with a best-fit partner to support future growth. The sale to Appfire will allow Comalatech to continue its growth by leveraging Appfire’s position in the Atlassian Marketplace, while maintaining the people-first culture that has driven its success to date. The transaction will also enable Comalatech to tap into more talent and resources to keep up with the demands of the market, elevate its current offerings, and continue to provide an exceptional customer experience.
The Sequeira team provided advisory assistance throughout the transaction including marketing the business, negotiating preliminary and final deal terms, transaction structure and consideration, tax valuation analysis, as well as assisting with due-diligence and other pre-closing matters.
Comalatech develops collaboration tools and solutions for the Atlassian Confluence ecosystem. The Company’s tools include document management apps for creation, review, and approval, content apps for staying organized, and agile tools for project visualization and management. The Company is headquartered in Vancouver, Canada with an office in Bilbao, Spain.
Appfire is a global authority in the Atlassian ecosystem. Appfire’s popular solutions help teams with Workflow Automation, Product Portfolio Management, IT Service Management, Document Management, Business Intelligence and Reporting, Administrative Tools, Agile, Developer Tools, and Publishing. The company has the largest portfolio of apps on the Atlassian Marketplace with 225,000 active installations worldwide. Appfire is a portfolio company of TA Associates and Silversmith Capital Partners.