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Washington, DC, (March 30, 2023) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that the assets of Professional Computing Resources (“PCR”), a leading developer of software solutions serving enterprise IT departments, has been acquired by Valsoft Corporation, Inc. (“Valsoft”), a Montreal-based company specializing in the acquisition and development of software companies in vertical markets. This will mark Valsoft’s entry into the IT service and asset management (ITSM/ITAM) space. FOCUS represented PCR in this transaction.
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In the short 10 months since ServiceNow announced the expansion of its partner program and industry-aligned solutions in May 2020, Partners have benefited from rapid growth in the ServiceNow category. Furthermore, as most IT projects move to a virtual environment in the post-COVID-19 era, ServiceNow has emerged as the preferred IT service management (ITSM) platform for enterprise IT departments.