was acquired by
Cambar Solutions Inc., a progressive developer of innovative warehouse management software serving manufacturers, distributors and 3rd party logistics providers based in Charleston, South Carolina, has been acquired by Robocom Systems International based in Farmingdale, NY. Tequity acted as advisor to Cambar. Terms were not disclosed. The combined companies will operate as Robocom Systems International and will maintain an office in Charleston SC.
Kevin Tribe, lead advisor and Managing Director at Tequity said “Strategic buyers with cash are accelerating the ongoing consolidation in maturing software markets. They are supplementing slow organic growth with synergistic acquisitions. It is an ideal time for the shareholders of tech firms considering “selling up” to buyers that can take their company to the next level of success.” He further added “The addition of Cambar’s domain expertise in Order Management and Distribution will allow Robocom to expand its product offering while Robocom’s labor management, voice-directed technology, and transportation solutions will offer strong value to Cambar’s customers.