Izzi Software Strengthens Portfolio with ColeSoft Acquisition
Izzi Software has recently completed the important acquisition of ColeSoft, a prominent developer specializing in debugging products for software engineers and support teams engaged with IBM mainframe systems. This strategic move highlights Izzi's mission to build a comprehensive suite of powerful solutions that cater to the evolving demands of mainframe technology users.
Leadership Transition and New Vision
In conjunction with the acquisition, Jennifer Nelson has been appointed as the CEO of Izzi Software. Nelson brings extensive experience, previously serving as a global vice president at Diebold Nixdorf and having a rich background as an intelligence analyst in the United States Air Force. This leadership transition is poised to drive Izzi Software further into the mainstream of enterprise technology.
The Importance of Mainframes in Modern Enterprises
Mainframes and midrange systems serve as fundamental components for numerous modern enterprises. They underpin essential operations and host vital applications that millions of users depend upon daily. Izzi Software is on a mission to enhance these systems by acquiring successful, proven companies, thus enabling enterprises to maximize their investment in technology and improve operational efficiencies.
Acquisition Strategy for Growth
Jennifer Nelson elaborated on the acquisition's significance, stating, “Mainframes and other enterprise systems still run the world. Our goal is to acquire successful companies that maintain the trust users have placed in existing tools and services.” This reflects Izzi's broader strategy to create a full-service technology business that leverages the rich history and dependability of mainframe platforms.
Insights from Key Industry Players
David Cole, the founder of ColeSoft, expressed enthusiasm about the collaboration, emphasizing that their flagship z/XDC suite has significantly contributed to the software development landscape for four decades. Cole noted that he had previously declined various partnership offers but was impressed by Izzi’s commitment to understanding and enhancing the core functionalities of his company’s products.
Commitment to Customer Success
Cole remarked, “Izzi showed a clear understanding of our software development process and the pivotal role our products serve in the industry. They convinced me of their dedication to enhancing the z/XDC’s capabilities and scaling our reach.” He believes that with Izzi's backing, ColeSoft will achieve growth opportunities that were previously unattainable.
Company Background: Izzi Software
Founded by seasoned mergers and acquisitions professionals, Izzi Software is led by a knowledgeable team that specializes in IBM i and IBM z environments. Backed by Big Band Software, they have a proven track record of acquiring and nurturing B2B software companies that are not only growing but also profitable. With annual recurring revenues ranging from $2 million to $10 million, their focus is on building sustainable value.
Company Background: Big Band Software
Big Band Software is a distinguished holding company dedicated to the acquisition of B2B software companies. Their approach centers around enhancing corporate culture and leadership for the businesses within their portfolio. Big Band Software is recognized for acquiring companies that demonstrate high customer retention and consistent, profitable growth.
Frequently Asked Questions
What is Izzi Software's primary mission?
Izzi Software aims to build a robust portfolio by acquiring successful companies that enhance the functionality and reliability of enterprise software, especially on mainframe systems.
Who is the new CEO of Izzi Software?
Jennifer Nelson has been appointed as the CEO, bringing in extensive experience from her previous roles in the technology sector.
What key acquisition did Izzi Software recently complete?
Izzi Software has acquired ColeSoft, a notable player in the debugging products space for IBM mainframe systems.
How long has ColeSoft been in operation?
ColeSoft has been enhancing the software development process for nearly 40 years, particularly within the mainframe industry.
What distinguishes Big Band Software?
Big Band Software is known for its strong emphasis on culture, leadership development, and acquiring profitable software companies, focused on sustaining year-over-year growth.
