Mergers and Acquisitions

SWK Technologies, Inc., an IT consulting company, recently signed a letter of intent to acquire the assets of Chicago-based Sage business partner, Hightower, Inc., including its customers and intellectual property.

IT consulting firm SWK Technologies, Inc. acquired the Sage accounts of southern California-based IncorTech.

Blackbaud, Inc., a provider of software for nonprofit organizations, has entered into an agreement to acquire Convio, a developer of engagement solutions that help nonprofit organizations more effectively raise funds, advocate for change and develop relationships. Blackbaud and Convio are both publicly traded on the NASDAQ, as BLKB and CNVO, respectively.

Acquisition shows an emerging global perspective on professional tax compliance, and makes Thomson Reuters one of the top three pro-tax providers in Canada, behind CCH, a Wolters Kluwer business, and Intuit.

Combined, the firms will rank in top 15 firms in U.S with more than 41 offices, 2,300 staff, 70,000 clients and annual revenues over $314 million.