Situation
Tauxbe Data is a leading provider of software and data processing services for enterprise business applications with an expertise in data mining, ETL data pipelines, artificial intelligence and machine learning. Looking to streamline operations, Tauxbe began looking for solutions and settled on divesting a joint venture business – a criminal database software and a core technology for background checks.
Solution
Moving forward with divestiture, Tauxbe recognized the need for expert guidance. Leaning on his connections in the Charlotte area, Tauxbe CEO Robert Reddick identified TOBIN as the seasoned partner he needed to successfully traverse the M&A landscape. Recognizing TOBIN’s reputation for providing comprehensive advisory services, Tauxbe was impressed by TOBIN’s track record of successfully guiding companies through similar deals and its ability to deliver favorable outcomes. Tauxbe saw TOBIN as a trusted advisor who could help it navigate the intricacies of the sale process, from valuation to negotiation and everything in between.
Results
During Tauxbe’s negotiation with the buyer, TOBIN played a pivotal role in advising and counseling Tauxbe, providing valuable expertise and guidance every step of the way. With its vast experience in mergers and acquisitions, TOBIN was able to provide Tauxbe with insightful advice and clear recommendations, ensuring that the client was well-informed and empowered to make informed decisions. With TOBIN’s guidance and support, Tauxbe was able to successfully navigate the complexities of the transaction and maximize the value of its asset. TOBIN also referred Tauxbe to new legal counsel, which was engaged in the transaction. Tauxbe successfully completed the sale, achieving its objectives and securing a favorable outcome in the transaction.
