LONDON and NEW YORK, Dec. 4, 2015 /PRNewswire/ — Mooreland Partners (http://www.moorelandpartners.com) the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to iTAC Software on its sale to Durr Group.
Based in Montabaur, Germany, iTAC is a leader in industrial Internet of Things (IoT) software. The company combines expertise in the fields of IT and production technology, and has already equipped over 140 factories worldwide in various industry segments with its cloud-based MES software, iTAC.MES.Suite. Customers include carmakers and automotive component suppliers as well as major producers in the electronics, telecommunications and medical technology sectors.
“Powered by the industrial IoT, the global manufacturing sector is entering into a new phase of automation where information is gathered in production processes on the shop floor, and used in real-time by decision makers in product planning and corporate planning processes. iTAC is a key enabler of industrial IoT, a technology sector that we expect to see substantial financing and M&A activity in the short term,” said Victor Garcia, Managing Director, Mooreland Partners.
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