Lucasys Expands with Acquisition of PorterLogic
Deal News | Mar 17, 2025 | Globenewswire
Lucasys, a leading provider of tailored financial and operational software for asset-intensive businesses, has announced its acquisition of PorterLogic, known for its advanced, low-code supply chain platforms. Through this acquisition, Lucasys aims to integrate PorterLogic's innovative technology and team, promising to enhance value for their combined customer bases by accelerating the pace of innovation and providing enhanced supply chain and financial management capabilities. This strategic move is structured to ensure a smooth transition for PorterLogic's clients without disrupting existing services. The acquisition is anticipated to deliver a comprehensive suite of solutions that seamlessly merge supply chain optimization with financial management, offering clients improved process streamlining and cost reduction abilities. Leaders from both companies highlighted their shared values and commitment to maintaining a high level of service while pushing operational boundaries.
Sectors
- Technology
- Supply Chain Management
- Financial Software
Geography
- United States – Lucasys and PorterLogic are both based in the United States, making this the primary geography of focus.
Industry
- Technology – Lucasys and PorterLogic operate within the technology sector, focusing on developing software solutions for operational and financial management.
- Supply Chain Management – PorterLogic specializes in low-code supply chain operations platforms, making this a significant industry classification relevant to the article.
- Financial Software – Lucasys's focus on tailored financial software solutions places the article within the financial software industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lucasys | Acquiring Company | Company | A leader in technology solutions for complex, asset-intensive businesses. |
| PorterLogic | Target Company | Company | An innovator of low-code supply chain and operations platforms. |
| Jonathan Porter | Chief Product Officer at PorterLogic | Person | Expressed enthusiasm about the acquisition and shared alignment between the companies. |
| Daniel Chang | Chief Operating Officer at Lucasys | Person | Emphasized the seamless transition for PorterLogic customers. |
| Stephen Strang | Chief Technology Officer at Lucasys | Person | Highlighted the importance of PorterLogic’s integration capabilities. |
| Anya Skomorokhova | Chief Executive Officer at PorterLogic | Person | Shared insights about PorterLogic’s journey and the new phase with Lucasys. |