[vc_row][vc_column][vc_column_text]Montreal, Canada, 13 July, 2023 – Valsoft Corporation Inc. (“Valsoft”), a Montreal-based company specializing in the acquisition and development of vertical market software businesses, is pleased to announce the acquisition of Thatcher Technology Group (“TTG”), an industry-leading Multi-Level Marketing (MLM) software and services provider.
Established in 1999, the Thatcher Technology Group has partnered with direct-selling businesses of all sizes, across all markets with its Ascend and Prowess platforms, the direct-selling industry’s most powerful, configurable, and scalable cloud MLM platform.
“I firmly believe the acquisition of Thatcher by Valsoft will usher in a new era of growth and prosperity for our company. This partnership brings us a valuable ally who is deeply committed to building long-term partnerships, said Dave Siembieda, Founder at Thatcher. With their support, we will embark on a journey of innovation and excellence, propelling us to new heights and guaranteeing unmatched customer satisfaction. Together, we will shape the future and create unparalleled value for our clients.”
Thatcher’s platforms are specifically designed for network marketing companies and are based on decades of experience with all sizes of direct sales organizations. By delivering the latest technology, TTG’s offerings enable our customers to work the way they want to work, discovering insights within their data, tap into emerging markets globally, and teaming up with their customers and distributors. With this latest acquisition, TTG becomes Valsoft’s initial business in the MLM space.
“Thatcher Technology Group, like Valsoft, is all about growth and recognizes the crucial need for direct selling businesses to enhance sales team productivity, streamline organizational efficiency, and foster sustainable growth,” said Aspire Software CEO Michael Assi. “We are excited with the acquisition of TTG as it offers a cutting-edge software solution, developed by a team of technology and business process experts, that empowers businesses to achieve their goals and unlock their full potential.”
About Thatcher Technology Group
Established in 1999, The Thatcher Technology Group has partnered with direct-selling businesses of all sizes, across all markets with its Ascend and Prowess platforms, the direct selling industry’s most powerful, configurable, and scalable cloud MLM platform. Specifically designed for party plan and network marketing companies. Sophisticated yet simple to use, Prowess supports your business growth, every step of the way.
About Valsoft Corporation
Valsoft Corporation acquires and develops vertical market software companies through which each business can deliver the best mission-critical solutions for customers in their respective industries or niche. A key tenet of Valsoft’s philosophy is to invest in well-established businesses and foster an entrepreneurial environment that shapes a company into a leader in its respective industry. Unlike private equity and VC firms, Valsoft does not have a predefined investment horizon and looks to buy, hold, and create value through long-term partnerships with existing management and customers.
Valsoft was represented internally by Shinjay (Ssin) Choi, Senior Legal Counsel, David Felicissimo, General Counsel and Elisa Marcon, paralegal. Thatcher was represented by James F. Groth from the law office Funkhouser Vegosen Liebman & Dunn Ltd. (Chicago, Illinois).
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