Tequity, a leading North American Tech M&A Advisory firm specializing in global enterprise B2B SaaS, Cloud, and IT company transactions, acted as the exclusive financial advisor to DataTrans Solutions, a cloud-based procureme nt automation and EDI solutions provider, in their acquisition by Cleo, a global leader in Ecosystem Integration software solutions and provider of the Cleo Integration Cloud (CIC) platform. The strategic addition of DataTrans expands Cleo’s ability to help businesses streamline procurement, optimize working capital,and strengthen supplier relationships.
“Cleo’s vision is to deliver true supply chain orchestration by bridging the gap between planning and execution,” said Mahesh Rajasekharan, President and CEO of Cleo. “With DTS’s technology embedded into CIC, we’re empowering procurement teams to reduce costs, improve efficiency, and minimize supply chain risks—all through automation.”
Mike Franks, CEO of DTS, emphasized, “Joining Cleo marks a new chapter for DTS customers and employees. With Cleo’s innovation-driven approach, we will accelerate the adoption of procurement automation and deliver even greater value.”
On working with Tequity, Mike shared, “Tequity provided very professional guidance and leadership during each step of the acquisition process. Diane and Anishhave the experience necessary to address complex M&A issues and certainly exceeded our expectations. I highly recommend Tequity for a very successful M&A outcome.”
Anish Singla, Managing Partner &Co-Founder at Tequity added "The M&A landscape for SaaS companies in 2025 presents a unique window of opportunity for sellers. With strong investor appetite, increasing demand for recurring revenue models, and strategic buyers looking to expand through acquisition, the timing is optimal for founders to capitalize on market momentum and maximize their exit potential.”
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