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OMMAX Advised 7pace on Its Successful Sale to Appfire

OMMAX supported 7pace, a multi-cloud time management software and creator of the top-selling app for Azure DevOps, on its successful sale to Appfire.

7pace is the industry’s first AI-driven multi-cloud time management solution and the leading integration for teams using Azure DevOps and GitHub. Appfire is a leading enterprise collaboration software provider for teams to enhance and extend platforms like Atlassian, Salesforce, and Microsoft. Together, they will form the only true powerhouse for time tracking solutions across various ecosystems.

In preparation for the sale, OMMAX supported 7pace and their M&A advisor 4GC with a tech factbook and examined the company’s value proposition and USPs, product portfolio, IT organization, software development process as well as IT and data landscape. 7pace has a unique offering via deeply integrated time tracking into developer workflows down to work item level, providing most accurate data for team management and financial accounting. The highly customizable tracking and reporting solution provides a seamless and effortless product experience made from developers for developers.

7pace was very satisfied with OMMAX’s work. Mark Schaeffler, founder and CEO of 7pace, on the collaboration: “OMMAX supported us effectively combining software product understanding and tech expertise to derive a concise factbook about our unique offering and underlying technology platform, its competitive positioning and scalability to other cloud platforms going forward. They managed to elaborate the drivers of our success and highlighted valuable insights which were an important factor of the transaction process.”

Florian Ewald, Partner at OMMAX, comments: “We very much enjoyed working with 7pace and the management throughout the process. 7pace has shown a strong trajectory of organic growth since its foundation with high customer retention driven by a unique product offering and constantly expanding product features for Azure DevOps and GitHub. In the future, the company will benefit from rising cloud software penetration for developers and its competence in developer-oriented product development.”

Do you want to know more about OMMAX’s experience in transaction advisory? Get in touch with Partner Florian Ewald: florian.ewald@ommax.de

 

ABOUT 7pace

7pace is the industry’s first AI-driven multi-cloud time management solution and the leading integration for teams using Azure DevOps and GitHub.

For more information about 7pace, please visit: 7pace.com

 

ABOUT 4GC

4GC is a founder-led M&A advisory and investment boutique based in Germany focusing on technology driven business models.

For more information about 4GC, please visit: 4growthcapital.com

 

About appfire

Appfire is a leading enterprise collaboration software provider for teams to enhance and extend platforms like Atlassian, Salesforce, and Microsoft.

For more information about Appfire, please visit: appfire.com

 

ABOUT OMMAX 

OMMAX is a fast-growing digital strategy consultancy in Europe, specializing in transaction advisory, strategy and end-to-end execution of digital initiatives. The vision of OMMAX is building digital leaders in Europe with the overall objective of driving innovation and accelerating digital growth and profitability. Over the last 10 years, OMMAX realized 200+ M&A deals with >€15B deal value, and 800+ international value creation projects in 7 industries for leading private equity firms in the areas of strategy, digital operational excellence, advanced data strategy and analytics, tech and automation.

As a front-runner for holistic data-driven strategy consulting and end-to-end execution, OMMAX is the leading consultancy within the European Private Equity sphere, specialized as both the architect and the executor of best-in-class value creation.

OMMAX advised 7pace on its successful sale to Appfire

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