Recognize Partners Acquires AST LLC

Applications Software Technology Acquires Computer Technology Resources

January 9, 2023

IT Services

Applications Software Technology (AST) acquired Computer Technology Resources, Inc. (CTR) to expand AST’s Oracle Cloud, NetSuite, analytics, and managed-services capabilities and deepen vertical expertise in manufacturing and healthcare. CTR’s leadership (President Pankaj Mundra) will join AST to help integrate and grow the combined services offering.

Recognize Partners (with Stellus financing) Makes Strategic Growth Investment in 2X

March 29, 2023

Marketing & Advertising

Recognize Partners made a strategic growth equity investment in 2X, the B2B marketing-as-a-service (MaaS) pioneer, marking 2X's first institutional financing. Stellus Capital Management provided unitranche debt and an equity co-investment to support the transaction; 2X's management team will remain in place to scale the firm's MarTech, delivery, and global capabilities.

Recognize Acquires Majority Stake in Sprout

January 9, 2025

IT Services

Recognize, a private equity firm focused on digital services, has made a majority investment in IT asset disposition (ITAD) provider Sprout. New Capital Partners will remain a minority investor; Recognize plans to invest in Sprout’s technology, expand solutions, and pursue M&A to accelerate growth as demand for secure data destruction and hardware refresh cycles rises.

UST Acquires Tailwind Business Ventures

January 19, 2026

Financial Services

UST has acquired Tailwind Business Ventures, a Texas-based fintech firm with operations in Brazil and other delivery centers, to strengthen UST's digital banking solutions and core banking implementation capabilities. The deal expands UST's presence in South America and enhances its ability to serve mid-market and regional banks with AI-driven modernization and implementation services.

Applications Software Technology Acquires 9Edge

May 8, 2023

IT Services

Applications Software Technology (AST) has acquired 9Edge, a global IT and Oracle services provider, to broaden AST's Oracle Cloud application and platform capabilities and expand its global market reach. The deal brings 9Edge's consulting expertise and customer base into AST's full-service digital transformation offering, with 9Edge managing partners joining AST as vice presidents; 7 Mile Advisors acted as sell‑side advisor.

Applications Software Technology (AST) Acquires Symatrix

May 20, 2024

IT Services

Applications Software Technology (AST), a US-based enterprise solutions provider, has acquired Symatrix, a United Kingdom-based Oracle HCM, ERP and SCM cloud consulting and outsourced payroll provider. The deal expands AST’s Oracle Cloud capabilities and provides a UK/European presence to accelerate AST’s global expansion while Symatrix’s leadership and team will remain in place to grow the combined customer base.