Latest news with #IBMz
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.
