Westerville-based JAAS Systems Ltd. has sold its Advanced Manufacturing Software to Acumatica, Inc., a portfolio company of the global investment firm EQT Group. Terms were not disclosed. 

JAAS Systems is a developer of manufacturing software for small and mid-size businesses. Founded in 1999, it provides software for make-to-stock, make- to-order, engineer-to-order, project centric, job shop, batch and repetitive manufacturing companies.

“Acquiring JAMS was the right thing to do," Acumatica CEO Jon Roskill said. "For Acumatica, it is all about accelerating our growth and with the JAMS acquisition, we are going to be investing and further scaling up in manufacturing for our customers.”

“JAMS is a key piece in our product portfolio,” said Nigel LeGresley COO/CFO of Acumatica.

Columbus-based Footprint Capital was the exclusive sell-side advisor to JAAS, working with both parties to consummate the agreement under a tight deadline for announcement at the 2020 Acumatica Summit earlier this year.

“JAAS was quite impressed with Footprint’s ability to dig in, get up to speed in short order, and help us achieve an outcome that was mutually beneficial for both JAAS and Acumatica,” JAAS co-founder and President Gary James said in a statement. “We greatly appreciated the guidance and counsel by Josh Curtis, Christian Olson, and their team.”

“Footprint’s responsiveness and ability to act as a single point of contact was invaluable in leading us all to a successful conclusion,” said Chuck Arbuckle, co-founder and CFO of JAAS.