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KippsDeSanto: TELEO’s Flatirons Purchase Shows Buyers’ Interest in Software-Based Platforms

Private equity firm TELEO Capital Management acquired Flatirons Solutions, a technical content management platforms provider for defense and aerospace industries, from Presse Participations.

Investment bank KippsDeSanto & Co. advised Flatirons on the transaction and said Monday the deal highlights trends in the aerospace and enterprise technology mergers-and-acquisitions environment.

KippsDeSanto said buyers are eyeing companies with software-based platforms and deeper relationships with key defense and aerospace customers and that the aviation software market continues to attract investments from private equity firms with “intimate knowledge of target industries / explicit growth strategies.”

Boulder, Colorado-based Flatirons provides software-as-a-service-based digital content management tools that enable defense and government organizations, tier-one original equipment manufacturers and commercial airlines to manage aviation content to improve maintenance procedures and flight operations while ensuring compliance with regulations and industry standards.

The bank said the deal also shows that the continued focus on research-and-development investment is “critical to capitalize on customers’ need for SaaS-based content management solutions.”

Through the transaction, TELEO will help Flatirons further expand its market presence by supporting the continued development of the company’s SaaS-based platforms used to manage technical content.

The bank said Flatirons intends to finalize the launch of its SaaS-based product offerings by mid-2022.

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