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BDO SELLS JOBOPS TO INVESTOR GROUP Featured

JobOpsAccounting firm BDO Seidman has sold its JobOps manufacturing software to Anania & Associates Investment Co. Anania, located in Windham, Maine, also purchased Synergistic Software Solutions, the unit that markets the software line. In a message to the Synergistic channel, general manager Ryan Rick said Anania focuses on manufacturing and two of its portfolio companies use JobOps. Rick's view was that the sale "means there is a new surge of energy and life to the JobOps product you have worked with for years."

Anania, whose tagline is "Investing in Small Business" says it typically takes a majority position in its portfolio companies. The firm is generally a buy, grow and sell investor. Its web page says there is a "strong likelihood of an exit within a 5-7 year period." All staffers, except three, go with the sale. Chuck Wunderlich, a long-time BDO director, remains with the accounting firm as do Monte McNally in IT and Traci Portwood, an administrative person. JobOpps is officially tagged as integrated job management for SageERP. Its website shows a channel of about 50. This follows the notable trend for private equity investors to pick up technology companies or products. My sentiment would echo Rick's – I can't remember hearing much about JobOps in a long time. It would probably get the same boost that the former Sage products, SalesLogix, Act and the nonprofit software now called Abila, got under new private equity owners.

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