BIRMINGHAM, AL. (March 6, 2025) – Founders Advisors (“Founders”) is pleased to announce that CXT Software (“CXT”) has been acquired by Ionic Partners, a prominent enterprise software investment firm specializing in B2B software businesses. CXT was exclusively advised by principals of Founders in this transaction.

For over 25 years, CXT Software, headquartered in Phoenix, Arizona, has been a trusted partner for logistics and courier businesses, providing a comprehensive platform known for streamlining operations, optimizing delivery logistics, and enhancing customer experiences. This new investment by Ionic Partners will provide CXT with the resources and expertise to further elevate its product offerings and expand its market reach.

“Founders has been a trusted advisor to CXT for many years. Originally meeting them through their Silicon Y’all conference, it became clear to us that they would play a large role in our plans to expand, grow, and elevate CXT. I believe Founders’ integrity, wisdom and core values allowed them to find the best partner to take CXT to the “next level”. They worked tirelessly to guide our team from beginning to end through the acquisition process with our right partner, Ionic Partners.” said Lyndon Edmonson & Dan Calderone, Co-Founders of CXT.

Billy Pritchard, Managing Director at Founders said, “Our team at Founders has enjoyed developing a strong relationship with the CXT leadership team throughout this process, and we are excited for this next chapter of growth alongside Ionic Partners. We are grateful for the opportunity to work collaboratively with all parties involved in this transaction, and we look forward to seeing CXT continue to deliver world class software to its end customers.”

To view the full transaction announcement, please visit: Ionic Partners Acquires CXT Software

About CXT Software

CXT Software is the industry-leading shipment management platform for logistics needs throughout North America. The company provides courier, last-mile, LTL, distribution, and customized logistics businesses with the technology and support service necessary to compete and grow in the ever-evolving delivery industry. CXT Software is headquartered in Phoenix, Arizona, and has been a trusted logistics partner to thousands of businesses for 25 years. For more information, please visit https://cxtsoftware.com/.

About Ionic Partners

Ionic Partners is a global enterprise software investment firm led by seasoned operators, dedicated to acquiring and scaling enterprise software companies. Through hands-on partnership, strategic investment, and world-class operational best practices, Ionic Partners unlocks new opportunities and drives accelerated growth. For more information, please visit https://ionicpartners.com/.

About Founders Advisors

Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, industrial, and healthcare 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 provide securities-related services discussed herein, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory, LLC is a wholly owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit www.foundersib.com.