FAX Capital-backed Quisitive acquires Catapult Systems

Quisitive Technology Solutions has acquired Catapult Systems, an Austin, Texas-based provider of Microsoft-focused digital solutions and services.

Quisitive Technology Solutions has acquired Catapult Systems, an Austin, Texas-based provider of Microsoft-focused digital solutions and services. The purchase price was $51.5 million in cash. Quisitive, a Toronto-based provider of Microsoft and payment solutions, is backed by FAX Capital Corp.

PRESS RELEASE

TORONTO, Nov. 22, 2021 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS), a premier Microsoft solutions provider and payment solutions provider, announced that it has completed the acquisition of Catapult Systems, LLC (“Catapult”), an Austin, Texas based Microsoft-focused digital solutions and services provider (the “Transaction”). The Transaction was previously announced on November 8, 2021.

The acquisition of Catapult Systems is a transformational milestone in Quisitive’s journey to becoming the premier, global Microsoft partner. This acquisition delivers significant scale to Quisitive’s Cloud Solutions segment through expanded capabilities, including a robust Managed Services offering, net new Security & Compliance practice, and added capacity in Digital Workplace. Additionally, Catapult expands Quisitive’s North American footprint to include four new employee hubs and increases headcount to over 700 employees, including 280 Microsoft Certified Professionals.

With 10 Microsoft Advanced Specializations and multiple Microsoft Partner of the Year awards, Catapult also further strengthens the strategic partnership with Microsoft and continues Quisitive’s exclusive focus on the Microsoft platform. This shared philosophy, alongside similar culture and customer service approaches, provides significant synergies for the integration of Catapult into Quisitive Cloud Solutions.

“Our team is thrilled to be joining Quisitive as our shared philosophy, culture, and focus on customer service is a clear fit with the Catapult brand and reputation. Quisitive is building a novel solution provider with both the broad technical expertise to serve expansive customer needs and the rigorous business acumen that turns implementation into genuine strategy. That level of service and expertise will bring remarkable value to our joint customers,” said Catapult Systems CEO Terri Burmeister.

Quisitive CEO Mike Reinhart added: “This acquisition represents a turning point in our journey to becoming the Microsoft partner of the future by adding technical depth, expanded services, and complementary IP. Catapult has an impeccable reputation for digital transformation, and their expertise, leadership, and Microsoft partnership are all aligned with our strategic growth targets for Cloud Solutions. Catapult’s integration into our marketing, sales, and delivery organizations is bringing exceptional strength and value to Quisitive and our customers.”

About Quisitive:
Quisitive (TSXV: QUIS) is a premier, global Microsoft partner that harnesses the Microsoft platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Centering on our LedgerPay product suite, our Payments Solutions business leverages the Microsoft Azure cloud to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from fifteen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.