graphs and chartsgraphs and chartsgraphs and chartsgraphs and charts

Nolan & Associates is pleased to announce that it exclusively advised Thompson Street Capital Partners and its Portfolio Company, Global Software, Inc. in its acquisition of Globe Software Pty. Ltd., the creator of Atlas, a leading Microsoft Excel-based reporting software solution, based in Western Australia.

The Companies had no previous connection.

“After recapitalizing Global in 2016, we chose Nolan as our advisor for acquiring add-ons that would supplement the organic growth of Global. We are pleased with the results of our search, and the Nolan team was very helpful in navigating this cross-border transaction. Nolan’s adaptability and experienced advisory processes were much appreciated in efficiently closing this transaction.”

– Craig Albrecht, Director, Thompson Street Capital Partners

St. Louis, MO – (Feb. 27, 2017) Nolan & Associates is pleased to announce that it exclusively advised Thompson Street Capital Partners (TSCP) and its Portfolio Company, Global Software, Inc. (GSI), in its acquisition of Globe Software Pty. Ltd. (Atlas), the creator of Atlas, a leading Microsoft Excel-based reporting software solution, based in Western Australia. The Companies had no previous connection.

About Our Client: Thompson Street Capital Partners

  • Founded in 2000, Thompson Street Capital Partners is a private equity firm that has managed over $1.5 billion in private equity capital.
  • From its headquarters in St. Louis, MO, TSCP has completed in excess of 100 acquisitions in more than 35 industries.
  • TSCP brings broad financial and operational knowledge to its portfolio companies to accelerate growth — both organically and through acquisitions.

Objectives of Thompson Street Capital Partners

  • In May 2016, TSCP announced a partnership with management to recapitalize Global Software, Inc. of Raleigh, North Carolina. GSI is the leading provider of Microsoft Excel-based automation and reporting software solutions to enhance enterprise resource planning (ERP) and business intelligence platforms.
  • ERP’s allow for automation in key business areas including technology, finance, customer relationship management, human resources and supply chain management. With the automation of these functions comes the critical ability for business leaders to access valuable data and aggregated dashboards for their use in a variety of decision-making scenarios.
  • GSI’s signature product is Spreadsheet Server, an Excel reporting add-in solution that transfers dynamic reporting data from an ERP system into Microsoft Excel. GSI’s products integrate with more than 60 ERP systems.
  • Following the recapitalization of GSI, TSCP sought add-on business opportunities, including software solutions for business intelligence and for ERPs.

Solution: Acquisition of Atlas

  • Founded in 1997 and headquartered in Perth, Western Australia, Atlas is known as today’s market leader and business standard for Excel reporting and automation in Microsoft Dynamics 365 and AX.
  • Atlas software serves more than 1,500 Microsoft Dynamics AX customers in a broad range of industries.
  • Some of the world’s leading brands are Atlas users, including the Associated Press, Air Asia, Fuji Film, Guylian, Lotus F1 team, Polaris, The Pokémon Company, Tommy Hilfiger, Walmart, Cathay Pacific, Georg Jensen, Kumon, Marks & Spencer, Mazda and Remy Martin.
  • Atlas maintains additional offices in London, England and Fargo, North Dakota.

Buy Side Process Results

  • Nolan was engaged by TSCP to investigate the technology market for relevant GSI add-on opportunities that aligned with TSCP’s goals of adding software solutions in the business intelligence and ERP categories to GSI’s existing suite of product offerings.
  • The Atlas acquisition will broaden the customer base and ERPs that GSI can currently serve, along with increasing their international range. GSI will now reach more than 75,000 users and 4,500 customers in more than 60 countries.
  • Atlas has furthered GSI’s role as the market leader in Excel reporting and automation, and GSI will continue to build on the category leadership position Atlas currently holds as the standard for Excel reporting and automation in Microsoft Dynamics 365 and AX.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.