CSG Systems Acquisition & Valuation

AsiaInfo Technologies Ltd is a provider of telecom software products and related services. The company's product portfolio currently consists of CRM, charging & billing, and big data products to IoT and intelligent network products. Its software products are deployed using an on-premises, project-based delivery model, and are accompanied by end-to-end, professional deployment services. The Company's revenue is principally generated from project-based software development contracts, under which the Group develops software products and provides services at fixed prices and or variable prices.

Claroty is a New York-headquartered industrial cybersecurity firm that deploys the Continuous Threat Detection platform to secure operational technology networks in manufacturing, energy, and utilities. The solution maps OT, IoT, and IIoT assets, detects anomalies, and manages vulnerabilities through integrations with SIEM systems from Splunk and ServiceNow. It serves clients including Fortune 500 industrials with passive monitoring and secure remote access controls.

DHC Software Co Ltd is a China-based software enterprise. It offers software and information technology services. The company is principally engaged in providing Application Development and Maintenance (ADM), Computer Information System Integration and other IT-related services in China.

Certus Core is an Austin-based AI platform developer founded by military veterans, specializing in edge computing for robotics and sensors. The IBIS software enables decentralized data fusion from IoT devices using natural language queries and mission context. Certus Core integrates AI governance to deliver verified responses, building cumulative knowledge bases for defense, manufacturing, and logistics teams.

Divergent is a creator of the Divergent Adaptive Production System, an end-to-end software-hardware platform for industrial digital manufacturing. System enables design, additive manufacturing, and automated assembly of complex structures for automotive, aerospace, and defense applications. Technology optimizes designs, reduces material usage, and eliminates traditional capital equipment requirements, transforming manufacturing economics and environmental impact.

Quicktron Robotics is a Shenzhen-based industrial automation specialist and subsidiary of JD.com. The company designs autonomous mobile robots, sort-to-light systems, and AI-driven warehouse solutions for e-commerce fulfillment centers. Quicktron deploys pallet trucks, stackers, and shuttles handling over 1,000 picks per hour in high-density storage. Its products integrate with JD Logistics networks and serve clients in retail, logistics, and manufacturing sectors across Asia. Founded in 2014, Quicktron focuses on scalable robotic fleets with real-time path optimization and 5G connectivity.

Uptake Technologies is a predictive analytics software company founded in 2014 by Groupon co-founders Brad Keywell and Eric Lefkofsky. It applies machine learning to sensor data from industrial equipment such as wind turbines, trucks, and fleets to predict failures and optimize maintenance across industries including energy, agriculture, mining, oil and gas, and trucking. Customers have included Berkshire Hathaway Energy, Caterpillar, and Panduit, with the platform used to flag issues such as gearbox faults before they cause costly breakdowns.

Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services. The company has its presence in the United States and China. The majority of the revenue is generated from the United States.

Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. The Lab uses injection molding, computer numerical control machining, and 3-D printing, and sheet metal to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. Geographically, a majority of the company's revenue is derived from the United States and the rest from Europe.

Glodon Co Ltd provides information technology services and solutions to the construction industry. It is engaged in utilizing BIM and digital technologies such as big data, IoT, mobile internet, and industry AI to provide the construction industry with digital building full lifecycle solutions based on specialized applications in the construction engineering field, thus helping the construction industry transform and upgrade. The products and services provided by the company are Architecture Design, Integrated Solution, Infrastructure Design, Integrated Solution, 5D BIM Digital Cost Management Solution, Client-Cloud Big Data Integrated Solution, Digital Construction Solution, and Others.

Exotec is a Lille, France-headquartered robotics firm producing the Skypod goods-to-person system for e-commerce warehouses. Installed in facilities handling up to 1 million picks per day, Skypod deploys fleets of autonomous vehicles on vertical storage racks adaptable to ambient and chilled environments for clients like LVMH and Decathlon.

EquipmentShare.com Inc is a construction technology solutions and equipment rental company. It operates business through reportable segments: Equipment Rental and Services Operations, comprises of recurring activity performed at full-service branch locations, such as equipment rentals and related services (including allocated telematics revenue related to rental customer access to the T3 platform), and sales of parts, supplies and maintenance services to construction contractors and others; and Equipment Sales, comprises of sales of new or used equipment made at any of branch locations and dealership sites, equipment sales to participants in the OWN Program. Its activities also include telematics subscriptions, software applications, building materials and hardware supplies, and others.

SafetyCulture is an Australian mobile-first operations platform for inspections, issues management, and training. Sydney-headquartered, it powers frontline teams in construction, manufacturing, and aviation with templates for JSA and audits. SafetyCulture supports 85,000 organizations worldwide including United Airlines and Hilton, integrating with PowerBI for corrective action tracking.

Harbin Boshi Automation Co Ltd is engaged in manufacturing robots and automated equipment and system solutions in China. The company's main products and services include industrial robots, automated equipment, and system solutions, and provides related value-added services. The products are mainly used in the post-processing of solid materials in petrochemical, coal chemical, salt chemical, fine chemical, fertilizer, metallurgy, logistics, food, feed, and other industries.

Octave Intelligence PLC provides a suite of software solutions that help organizations design, build, operate, and protect their physical assets, people, and critical infrastructure. The company operates in a single business segment developing enterprise software used in design, construction, operations, and security. Geographically, it operates in Americas that includes the United States, and Other Americas (Canada, and Latin America); EMIA that includes Europe, Middle East, India, and Africa; and APAC that includes the Asia-Pacific region, excluding India. The company derives maximum revenue from Americas. Its products include: Octave Coda Spatial, Octave Alto Twin, Octave Coda, Octave Oncall, Octave Alto, Octave Imagine, Octave Oncall Dispatch, Octave Alto Lightspeed, and Others.

Kylinsoft is a Beijing-headquartered operating system developer under China Electronics Technology Group, formed in 2023 from mergers of prior entities. It supplies NeoKylin and UnionTech OS for desktops, servers, and IoT devices compatible with Feiteng, Kunpeng, Zhaoxin, and Loongson processors. Products secure national government systems, industrial controls, and infrastructure, achieving China's Level 4 security certification for domestic computing independence.

ServiceTitan Inc is an end-to-end technology platform built for contractors to transform the performance of their businesses. The Company’s platform provides business owners, technicians, customer service representatives and other key office staff with technology tools designed to help customers grow revenue, drive operational efficiencies, deliver a superior end-customer experience and monitor key business drivers in real-time. The Company also has subsidiaries in Yerevan, Armenia and British Columbia, Canada that primarily serve as research and development and support centers.