TTS, Inc.

July 24, 2013

LockeBridge, a Boston based investment bank focused on mergers, acquisitions, capital raises and valuations announced today that it has advised on the sale of Teledata Technology Solutions, Inc. (TTS) to Quadrant 4 Systems Corporation.  TTS  is a privately held premier provider of end-to-end IT services with solutions including IT staff augmentation, Oracle consulting and implementation and managed services for both medium and large enterprises.  Quadrant 4 Systems Corporation is a publicly traded company which provides software as a service based technology products. Quadrant 4 offers software products, platforms, consulting services, and solutions comprising proprietary technologies in social media, mobility, analytics, and cloud applications to small, medium, and large enterprise customers. 

Lenny Lozinsky, Managing Director at LockeBridge states: “The acquisition of TTS has the potential of substantially increasing the revenue and profit of Quadrant 4.  After engaging with another prominent investment bank TTS failed to receive any significant offers. Within a few months LockeBridge brought the Company numerous bids from strategic buyers with significant synergies.  We are pleased to conclude the transaction with Quadrant 4 and expect that the capabilities of the combined entities will result in superior offerings to both the domestic and international markets.

Scott Waxler, LockeBridge Managing Partners adds: “Our significant experience in the IT Services space was a material benefit in quickly identifying potential suitors and closing the transaction.  The transaction was closed via a relatively complex structure consisting of cash, Q4 stock and the assumption of debt.”


About LockeBridge
LockeBridge is a Boston based investment banking firm focused on lower middle market transactions; primarily assisting clients with liquidity events, capital raises, mergers, acquisitions and divestitures generally between $5M – $100M. The LockeBridge team offers seasoned domestic and international expertise generally not accessible to the lower middle market. Through its client-centric business model LockeBridge eliminates conflicts of interest, while delivering high-level expertise, multiple global bids and unprecedented closing rates without charging upfront retainer fees.


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