• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Equity Firm Merges Quadrant and Softbase, Eyes Further IBM i Acquisitions

    September 4, 2012 Alex Woodie

    Candescent Partners last month announced that it has merged two of its holdings, Quadrant Software and Softbase, into a single entity. The move will pave the way for Quadrant, the parent company, to make further acquisitions in the IBM i and z/OS software market.

    Candescent acquired IBM i document automation software vendor Quadrant Software nearly two years ago in a deal that also saw the spin-off of Quadrant’s content management and workflow product line, called IntelliChief, into its own company, leaving Quadrant with the FastFax and Formtastic products. Candescent then acquired Softbase, a provider of z/OS coding, testing, and deployment tools, in October 2011, and put Quadrant CEO Steve Woodard in charge of both companies.

    Stephen Jenks, managing partner of Candescent Partners, explains the decision to formally merge both entities under Quadrant. “The merger of Quadrant and Softbase provides a greater breadth of resources, market reach, channel options and, in particular, it expands the opportunity for the company to make further acquisitions in the IBM iSeries and DB2 markets and add additional offerings for customers who rely on these platforms,” Jenks says in a press release.

    Candescent, which is based, like Quadrant, in the Boston, Massachusetts, area, says it focuses its acquisition efforts on “lower middle market companies” in various industries with gross earnings between $2 and $8 million and enterprise values between $10 and $75 million. There are many dozens, if not hundreds, of IBM i software vendors who match that description.

    It’s unclear if the merger will have a big impact on Woodard’s workload or travel. The CEO lives in the Boston area, and visited Softbase headquarters in Asheville, North Carolina, on a regular basis. Softbase will continue to function as a division of Quadrant, so his trips to Asheville will likely continue.

    Candescent says that Silicon Valley Bank provided a term loan to recapitalize the combined companies as part of the merger.

    RELATED STORIES

    Quadrant Launches Fax Over IP Software

    Quadrant And Mainline Seal Partner Deal

    Quadrant Expands Reseller Program`

    Customer Service Initiative Launched by Quadrant

    Candescent Buys Quadrant Software as IntelliChief Spins Out



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags:

    Sponsored by
    New Generation Software

    FREE Webinar:

    Creating Great Data for Enterprise AI

    Enterprise AI relies on many data sources and types, but every AI project needs a data quality, governance, and security plan.

    Wherever and however you want to analyze your data, adopting modern ETL and BI software like NGS-IQ is a great way to support your effort.

    Webinar: June 26, 2025

    RSVP today.

    www.ngsi.com – 800-824-1220

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Sponsored Links

    System i Developer:  RPG & DB2 Summit, Oct 23-25 in Minneapolis. Register by Oct 12 to save $100!
    Profound Logic Software:  Webinar: Developing Mobile Applications for the IBM i. October 3
    Help/Systems:  2012 Solutions Summit. September 17-20 in Minneapolis, MN.

    IT Jungle Store Top Book Picks

    BACK IN STOCK: Easy Steps to Internet Programming for System i: List Price, $49.95

    The iSeries Express Web Implementer's Guide: List Price, $49.95
    The iSeries Pocket Database Guide: List Price, $59
    The iSeries Pocket SQL Guide: List Price, $59
    The iSeries Pocket WebFacing Primer: List Price, $39
    Migrating to WebSphere Express for iSeries: List Price, $49
    Getting Started with WebSphere Express for iSeries: List Price, $49
    The All-Everything Operating System: List Price, $35
    The Best Joomla! Tutorial Ever!: List Price, $19.95

    The Ethernet Switch Market Is Booming Future Coding

    Leave a Reply Cancel reply

Volume 12, Number 23 -- September 4, 2012
THIS ISSUE SPONSORED BY:

Profound Logic Software
Help/Systems
Townsend Security
Tembo Application Generation
Connectria Hosting

Table of Contents

  • Attachmate Add Features with MFT Update
  • Security Bundle Blocks Unwanted Web Traffic from Reaching IBM i
  • IBM i Excel Spreadsheet Generator Now Unicode Compliant
  • Maxava Taps Baseline to Resell HA in the Cloud
  • Trimble to Buy Trucking Software Firm TMW Systems for $335M
  • Indigo Chooses CNX’s Valence to Modernize RPG App
  • Liaison Grows Its Cloud with Acquisition of HubSpan
  • Equity Firm Merges Quadrant and Softbase, Eyes Further IBM i Acquisitions
  • ManageEngine Bolsters Performance Management Tools
  • IntelliChief to Provide Document Automation for B&L

Content archive

  • The Four Hundred
  • Four Hundred Stuff
  • Four Hundred Guru

Recent Posts

  • Big Blue Raises IBM i License Transfer Fees, Other Prices
  • Keep The IBM i Youth Movement Going With More Training, Better Tools
  • Remain Begins Migrating DevOps Tools To VS Code
  • IBM Readies LTO-10 Tape Drives And Libraries
  • IBM i PTF Guide, Volume 27, Number 23
  • SEU’s Fate, An IBM i V8, And The Odds Of A Power13
  • Tandberg Bankruptcy Leaves A Hole In IBM Power Storage
  • RPG Code Generation And The Agentic Future Of IBM i
  • A Bunch Of IBM i-Power Systems Things To Be Aware Of
  • IBM i PTF Guide, Volume 27, Numbers 21 And 22

Subscribe

To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

Pages

  • About Us
  • Contact
  • Contributors
  • Four Hundred Monitor
  • IBM i PTF Guide
  • Media Kit
  • Subscribe

Search

Copyright © 2025 IT Jungle