News: Press Release
Offit Kurman Business Law and Transactions Attorneys Assist Swift Software and Swift Systems in Recent Merger Under New Parent Company, Step3
October 17, 2017 | Frederick, MD Swift Software, Inc and Swift Systems, Inc have announced their merger under a newly formed parent company: Step3, Inc. Offit Kurman Business Law and Transactions attorneys Michael Mercurio and Brent Salmons assisted the companies with the merger.
Swift Systems, founded in 1998, provides IT managed services and cloud services to mid-market businesses. In 2003, the company spun off Swift Software, which developed JobTraQ®: a workflow and business process management SaaS platform. JobTraQ® customers include leading organizations such as NASA, Comcast, and Fifth Third Bank.
According to a press release issued by the new company, “the merger creates unique opportunities for delivering greater customer value and improving both companies highly praised support even more.” To read the full announcement, click here.
“Rolling up both companies under a new, singular banner platform, Step 3, allows for the best of all worlds – a united and coordinated brand with synergies among the ownership while simultaneously allowing for the continued uniqueness of the individual companies” said Michael N. Mercurio.
Offit Kurman offers comprehensive legal services for individuals and organizations seeking to grow their businesses during every stage of the business life cycle. The firm has successfully advised and represented private business clients in formation, contract, compensation, and finance and capital matters, as well as ownership transitions through mergers, acquisitions, and other transactions and agreements. With offices throughout the Mid-Atlantic, Offit Kurman is well-positioned to meet the needs of dynamic companies in burgeoning industrial regions in Maryland, Virginia, Pennsylvania, and more.
To find out more about Offit Kurman's M&A practice representing buyers and sellers in the mid-market, and for news about recent deals, click here.
To learn more about Offit Kurman recent deals, click here to read about our sizzling summer of deals.
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