Latest news with #IzziSoftware
Yahoo
09-07-2025
- Business
- Yahoo
Izzi Software Expands into IBM Power Ecosystem with Acquisition of CNX Corporation
International Business Machines Corporation (NYSE:IBM) is one of the best US stocks to buy and hold in 2025. On July 7, Izzi Software announced its acquisition of Chicago-based CNX Corporation. CNX Corporation specializes in accelerating app development for users of IBM Power Systems. The acquisition marks Izzi Software's entry into the IBM Power ecosystem. IBM Power Systems are high-performance server computers built by IBM to handle demanding workloads like big data and AI. The company had previously launched in 2024 and focused on the IBM Z sphere with the acquisition of ColeSoft, which is a Virginia-based company that debugs tools for IBM mainframes. A closeup of a woman's hands typing rapidly on a laptop in a corporate office setting. As part of the acquisition, Izzi Software plans to expand the CNX team to support existing and future customers and help them maximize the value of their investment in the Valence framework. Izzi Software was founded by M&A experts and is led by a team with deep expertise in both IBM Power and IBM Z environments. The company is owned by Big Band Software, which has a record of acquiring and operating growing and profitable B2B SaaS businesses with ARR ranging from $2 to $10 million. International Business Machines Corporation (NYSE:IBM) provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It's more commonly known as IBM. While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-07-2025
- Business
- Yahoo
Izzi Software Acquires CNX Corporation, Extends Reach into IBM Power Ecosystem
Company to expand development and improve support for users of flagship Valence framework MINNEAPOLIS, July 07, 2025--(BUSINESS WIRE)--Izzi Software, a leading provider of innovative enterprise software solutions, is pleased to announce the acquisition of Chicago-based CNX Corporation, a technology company specializing in accelerating app development for users of IBM Power Systems. This strategic move marks a significant milestone for Izzi as it expands its capabilities and offerings into the IBM Power ecosystem. The company launched in 2024 in the IBM Z sphere with the acquisition of Virginia-based ColeSoft. As part of the acquisition, Izzi will grow the CNX team to empower current and future customers to maximize the value of their Valence investment. Richard Milone, Co-founder and Managing Director of CNX Corporation, expressed his enthusiasm about the acquisition, stating, "This acquisition could not have come at a better time because we are at a critical stage in our growth. We have had dozens of new customers over the last few years, and we needed a way to build our team at an accelerated rate to meet the market need. This acquisition will allow us to grow in multiple departments and provide even more value to the IBM Power community." Jennifer Nelson, CEO of Izzi Software, says, "We are thrilled to welcome CNX Corporation into the Izzi Software family. This acquisition not only strengthens our position in the software industry but also marks our entry into the IBM Power ecosystem. CNX Corp is an innovative and growing company with a modern product line that resonates in the Power marketplace, and we look forward to leveraging CNX Corporation's expertise to deliver innovative solutions and enhanced services to our clients." About Izzi Software Izzi Software was founded by experienced M&A experts and is led by a team with deep expertise in the IBM Power and IBM z environments. The company is owned by Big Band Software, which has an impressive track record in buying and running B2B SaaS businesses that are growing and profitable, with ARR in the range of $2M to $10M. About CNX Corporation Headquartered in Chicago and founded in 1996, CNX Corporation develops the Valence Framework, a comprehensive software suite for IBM Power systems. Valence enables businesses to modernize legacy applications and create new applications, with its flagship Nitro App Builder offering a low-code solution for fast, user-friendly development. By allowing developers to build and deploy modernized or new applications much faster, Valence significantly boosts productivity, delivering substantial value to organizations using IBM Power systems. View source version on Contacts Press Contact:Cameron Thomas for Izzi SoftwareCameron@ 416-660-9801
Business Wire
07-07-2025
- Business
- Business Wire
Izzi Software Acquires CNX Corporation, Extends Reach into IBM Power Ecosystem
MINNEAPOLIS--(BUSINESS WIRE)-- Izzi Software, a leading provider of innovative enterprise software solutions, is pleased to announce the acquisition of Chicago-based CNX Corporation, a technology company specializing in accelerating app development for users of IBM Power Systems. This strategic move marks a significant milestone for Izzi as it expands its capabilities and offerings into the IBM Power ecosystem. The company launched in 2024 in the IBM Z sphere with the acquisition of Virginia-based ColeSoft. As part of the acquisition, Izzi will grow the CNX team to empower current and future customers to maximize the value of their Valence investment. Richard Milone, Co-founder and Managing Director of CNX Corporation, expressed his enthusiasm about the acquisition, stating, 'This acquisition could not have come at a better time because we are at a critical stage in our growth. We have had dozens of new customers over the last few years, and we needed a way to build our team at an accelerated rate to meet the market need. This acquisition will allow us to grow in multiple departments and provide even more value to the IBM Power community.' Jennifer Nelson, CEO of Izzi Software, says, 'We are thrilled to welcome CNX Corporation into the Izzi Software family. This acquisition not only strengthens our position in the software industry but also marks our entry into the IBM Power ecosystem. CNX Corp is an innovative and growing company with a modern product line that resonates in the Power marketplace, and we look forward to leveraging CNX Corporation's expertise to deliver innovative solutions and enhanced services to our clients.' About Izzi Software Izzi Software was founded by experienced M&A experts and is led by a team with deep expertise in the IBM Power and IBM z environments. The company is owned by Big Band Software, which has an impressive track record in buying and running B2B SaaS businesses that are growing and profitable, with ARR in the range of $2M to $10M. About CNX Corporation Headquartered in Chicago and founded in 1996, CNX Corporation develops the Valence Framework, a comprehensive software suite for IBM Power systems. Valence enables businesses to modernize legacy applications and create new applications, with its flagship Nitro App Builder offering a low-code solution for fast, user-friendly development. By allowing developers to build and deploy modernized or new applications much faster, Valence significantly boosts productivity, delivering substantial value to organizations using IBM Power systems.
Business Wire
13-05-2025
- Business
- Business Wire
ColeSoft Signs Reseller Agreement with UK-Based Mainframe IT Leader Vertali
NEW YORK--(BUSINESS WIRE)-- ColeSoft, an Izzi Software company, today announced that it has inked a global reseller deal with Vertali for its z/XDC product, the leading debugging tool purpose-built for mainframe systems. This is the first-ever reseller agreement signed by ColeSoft, which was acquired by Izzi Software in 2024. z/XDC will be bundled with technologies from leading mainframe technology companies to help Vertali's customers solve their biggest business and technical challenges. Andrew Penlington, Channel Partner Manager at Vertali, says that, 'It is impossible to overstate the importance of debugging as early in the development process as possible, and ColeSoft has a 30+ year track record of helping organizations get their products to market faster while reducing errors that can cost organizations time and money. We have never had a product like this in our arsenal, and Vertali couldn't be happier to work with Dave Cole and his amazing team to add this critical capability to our stack.' Calin Cole, President of ColeSoft, says, 'Debugging is often seen as a way to fix problems that pop up in the development process, but it's much more fundamental than that - it's about preventing structural problems that can delay or destroy the ability to build and release products on time and on budget. Vertali has built a world-class suite of services and products for the mainframe world, and we are honored to have been selected as their debugging tool of choice to help major organizations that depend on IBM Z optimize their operations.' About Izzi Software Izzi Software was founded by experienced M&A experts and is led by a team with deep expertise in the IBM i and IBM z environments. The company is owned by Big Band, which has an impressive track record in buying and running B2B SaaS businesses that are growing and profitable, with ARR in the range of $2M to $10M. Izzi acquired ColeSoft, which was founded in 1982, in 2024. About Vertali Headquartered in the UK, Vertali provides mainframe services, skills, resources, and software to organizations globally. Working for clients in sectors such as financial services, retail, utilities and government, its consulting approach blends unparalleled expertise with many years' hands-on experience. It offers a pool of skills that are not available anywhere else, including mainframe consultants, security experts, and other senior practitioners. Vertali's stated mission is to help clients to reduce risk, work smarter, and deliver on their mainframe strategy.
Yahoo
30-01-2025
- Business
- Yahoo
Enterprise Software Veterans Launch Izzi Software, Announce ColeSoft as First Mainframe Industry Acquisition
Company plans multiple acquisitions in IBM z and IBM Power Sectors in 2025 MINNEAPOLIS, January 30, 2025--(BUSINESS WIRE)--Izzi Software today announced that it has completed the acquisition of ColeSoft, a Virginia-based developer of debugging products for software engineers and support staff working on IBM mainframes, and is currently exploring numerous other acquisitions in the enterprise software space. The company also named mainframe veteran Jennifer Nelson as CEO of Izzi, which is backed by Big Band Software. Nelson, a former United States Air Force intelligence analyst, spent more than 15 years at Rocket Software before serving as a global vice president at Diebold Nixdorf. Mainframes and midrange systems remain foundational to today's modern enterprises, and there is an ecosystem of specialized companies that support these markets. Izzi Software is cultivating a roster of powerhouse solutions by bringing together successful, proven companies that empower users of these platforms to extend the value of their infrastructure investments and drive successful outcomes. "Mainframes and other enterprise systems still run the world, and our mission is to acquire successful companies that enable users to continue benefiting from the tools and services that they've trusted for years," Nelson says. "Izzi is building a full-service technology business specializing in the legendary systems that power the modern world, and we are looking to acquire innovative companies that make this ecosystem so vibrant." David Cole, founder of ColeSoft, says, "Our z/XDC suite has enhanced the software development process for many customers in the mainframe industry for four decades, and in recent years I have received and ignored numerous 'partnership' and buyout inquiries. Izzi was different because their people are from the mainframe world, they know the mainframe software development process, and they understand the importance of our products to our customers. I agreed to partner with them because they convinced me of their commitment to enhancing both the power of z/XDC and its reach in our industry. With their resources behind us, we can grow in ways I could not achieve on my own." About Izzi Software Izzi Software was founded by experienced M&A experts and is led by a team with deep expertise in the IBM i and IBM z environments. The company is owned by Big Band, which has an impressive track record in buying and running B2B SaaS businesses that are growing and profitable, with ARR in the range of $2M to $10M. About Big Band Software Big Band Software is a better software holding company for amazing B2B SaaS companies. With a strong focus on culture and leadership development for the businesses they buy, Big Band Software is a great home for people and software that creates more value for more customers year after year. Big Band buys businesses that have high customer retention, showcase profitable growth, and have revenues from two to ten million. For more information, please visit View source version on Contacts Press Contact: Cameron Thomas for Izzi SoftwareCameron@ 416-660-9801 Sign in to access your portfolio
