Lexington Solutions is the developer of Fusion, an industry leading software solution utilized by institutional real estate asset management firms for portfolio management, asset performance measurement, and compliance reporting. A wholly-owned subsidiary of Boston Capital, Lexington Solutions created the Fusion software product to provide an integrated offering that provides customizable reporting, construction and lease-up monitoring, tax credit calculation and measurement, financial statement analysis, and a host of other capabilities within a single platform.
As the Fusion product continued to evolve, Boston Capital sought to divest of this business unit to support its core business strategy. Through an introduction by Boston Capital’s accounting firm, Promontory was introduced to company leadership and shortly thereafter Promontory was engaged to explore strategic alternatives for the Lexington Solutions business. Given prior M&A experience advising software and business services enterprises, Promontory quickly approached a targeted group of software and technology companies where the acquisition of the Fusion product would augment existing markets of interest. Promontory successfully arranged for a sale transaction with Taazaa, a product engineering and software company that serves real estate and other complementary markets.
By Christopher Riegg
Christopher Riegg, CFA, CPA is the Founding Partner of Promontory Strategy Group (PSG), providing strategic and financial advisory support to privately held and family-owned businesses. He also co-leads Promontory Point Capital (PPC), the investment banking firm he co-founded in 2004, and is the creator of RieggInsights.com, a platform focused on strategic growth, value creation, and successful transaction outcomes.
