Founded in 1999, ActekSoft (Actek) delivered commission, incentive compensation and compliance software solutions for complex selling environments primarily in the insurance and general healthcare payer markets. Actek, once listed by Gartner as a key player in the developing enterprise incentive management industry, positioned itself at the forefront through a focus on delivering user-configurable software, responsive customer service and competitive pricing.

While Actek had built a solid foundation and had numerous opportunities for growth, the company was capital constrained and had strategic buyers inquiring about purchasing the company. Actek decided that, based on the circumstances, selling was the right direction to take. But based on the owners’ past experience, they knew they needed an advisor to assist them with the process. Actek engaged principals of Founders Investment Banking to represent them in a sale.

Actek sold to Callidus Software, now CallidusCloud a publicly-traded company (NASDAQ: CALD), accomplishing what Actek shareholders wanted in the process, including 1) aligning the company and team with a larger and more diverse platform to enable faster growth, 2) providing an ongoing role for owners to maintain leadership in the acquiring company, and 3) establishment of a clear, multifaceted strategy that provided current liquidity and the opportunity to realize upside in the future. Farley Lavett, CEO and co-founder of Actek said, “Founders was a team of professionals that cared about my interests and I certainly would do business with them again.”

In order to assist Founders Investment Banking with securities-related transactions, including this transaction, its principals are registered investment banking agents of M&A Securities Group, member FINRA/SiPC. M&A Securities Group and Founders are not affiliated entities.

About Founders Investment Banking

Founders Investment Banking (Founders) is a merger, acquisition & strategic advisory firm serving middle-market companies. Founders’ focus is on oil and gas, software, industrials, internet, digital media and healthcare companies located nationwide, as well as companies based in the Southeast across a variety of industries. Founders’ skilled professionals, proven expertise and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to assist Founders Investment Banking with securities related transactions certain Principals are registered investment banking agents of M&A Securities Group, Inc., member FINRA/SiPC. M&A Securities Group and Founders are not affiliated entities. For more information, visit www.foundersib.com.