TORONTO, Feb. 1, 2016 /PRNewswire/ — Tequity Inc., a boutique M&A advisory firm focused on strategic transactions for Software and IT Services companies, acted as the exclusive advisor to Massachusetts-based Applied Systems Corporation (ASC) in their recent sale to Mi9 Retail. The addition of ASC will reinforce Mi9 Retail’s position as a leading provider of retail technology solutions and serve as the cornerstone of a new group devoted exclusively to jewelry retailers. ASC is a respected name with a wealth of experience developing software solutions for leading independent and multi-store jewelers, many of whom have worked with them for over 25 years.