Proceed

Proceed North America

Business Description

Proceed North America LLC (PNA), based in Stamford, Connecticut, was a leading developer and marketer of packaged services for enterprise software applications.

Background

PNA's exclusive relationship with SAP for packaged services in the US. required a rapid rollout of the Company's services. As an early stage company, PNA lacked the resources to fully exploit the SAP opportunity.

Solution

PNA engaged Carter Morse & Mathias to assist in finding a strategic partner to accelerate and fund its growth plan. PNA was sold to Technology Solutions Company (TSC) (Nasdaq: TSCC) under an asset purchase agreement whereby PNA continued to serve as a primary implementation partner for SAP Direct Packaged Services in the U.S.