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August 7, 2018

For Immediate Release
Tennant & Russell Successfully Exits Aleyant Systems to Volaris

(Jacksonville, FL) - Tennant & Russell, LLC (T&R), an award-winning business consulting and M&A advisory firm announced this morning the acquisition of its client Aleyant Systems, LLC by Volaris Group, an operating unit of Constellation Software (TSE: CSU) portfolio company.

Headquartered in Chicago, IL with an additional office in Spain and development resources in India, Aleyant Systems is an industry leading global web-to-print, estimation and production, and prepress automation workflow software provider to graphics and commercial print professionals.

Founded in 2005, Aleyant’s flagship product, Pressero, powers some of the most advanced, cloud-based websites, stores and portals for commercial printers, in-plants, print brokers and distributors, digital and wide format printers, and specialty printers. Financial terms of the acquisition were not disclosed. The Aleyant team has joined Volaris, including CEO and founder Greg Salzman, who will remain CEO of Aleyant.

"We were very pleased to be working with another well-respected and forward-thinking company like Aleyant." said T&R President, James McCarthy. "Greg and his team were an absolute pleasure to work with. They have a strong company and will be a great addition to the Volaris team."

Aleyant joins the Volaris family and its rapidly expanding portfolio of industry-leading business technologies. "Adding the Aleyant team's exceptional talent and technical know-how helps us drive our innovation even further", said David Nyland, Volaris’ Portfolio Leader and President Communications & Media. "As we looked for the best way to fully capitalize on Aleyant’s potential, Volaris stood out as the type of purchaser we were seeking,” said Greg Salzman, Aleyant’s Founder and President. “We liked Volaris’ practice of buy and hold forever, giving us the chance for the best future.” 

Salzman also spoke highly of Tennant & Russell. In discussing the transaction Salzman said, "The acquisition process can be very involved, time consuming, and complicated. We were delighted to have Jim and his team working alongside us. They went above and beyond, starting with their preparation, and managed to move the process very quickly from offer to closure."

About Tennant & Russell:

Tennant & Russell is an award-winning global business consulting and M&A advisory firm specializing in strategic services for small to mid-size companies. Winner of prestigious M&A Insider Excellence awards in 2017 and 2018, a large portion of clients are in the software industry, but T&R has clients in several other industries. T&R works with organizations to identify and leverage their greatest strengths to take advantage of all available strategic opportunities. Based in Jacksonville, FL, T&R has represented clients in North America, South America, Europe and Australia.
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