RelianSys® is an Australian governance, risk and compliance software company servicing a range of markets, including Australian local government customers.
Private-equity-backed Springbook Software, is a USA-based provider of finance and administration software for local government agencies.
Under new ownership Reliansys® is positioned to deliver even greater value to its customers, with the benefit of resources and strategic investment, and close collaboration with other Springbrook companies, such as Pulse Software.
McKellar Partners represented Reliansys® throughout the entire sale process, including helping the shareholders to understand the valuation range of the business, preparing the information memorandum, identifying and approaching well-suited acquirers, managing the due diligence process and assisting with the contract negotiation process. Our client was delighted with the outcome.
“Establishing and building a business is a tough journey. It requires a specific skill set and perseverance to succeed. When it came time to exit, I wanted to be sure that the people in whom I placed my trust also had these qualities. I checked out a few M&A consultants; McKellar Partners were an easy choice and they delivered. The business analysis they conducted at the start was amazing in its breadth and insight. The negotiation and sale process that followed is a complex undertaking; they were creative in the deal, and ensured it worked for all parties. They guided the process to completion with a calm confidence and constant consultation. I’m 100% pleased we worked together, and readily recommend the firm”.
– Jeff Ryall
Founder of Reliansys®