K12 Enterprise Acquires Virginia-based Software Firm

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Goldman & Minton has advised Baltimore-based K12 Enterprise LLC on the acquisition of Sartox, LLC, a Virginia-based software firm specializing in business solutions for K-12 public schools.

K12 Enterprise is Microsoft’s leading enterprise-grade financial and human resource management software for K-12 school systems. Built within Microsoft Dynamics, K12 Enterprise was created with the specific financial management, HR, payroll and state reporting functionality required by school systems nationwide.

Sartox currently serves more than 50% of the school systems in North Carolina, as well as customers in Virginia. The acquisition will give K12 Enterprise access to Sartox’s strong and loyal customer base, as well as the software company’s experienced personnel and resources, enabling faster development and expansion of products.

Sartox has been developing and supporting enterprise business solutions since 1978, including central administration systems, child nutrition and cafeteria management systems, and employee time and attendance software. The company – a Microsoft certified partner – will continue to support all of the same products offered prior to the acquisition.

K12 Enterprise and Sartox established a partnership in 2010 when Sartox became an official reseller of K12 Enterprise software. The acquisition solidifies the relationship begun in 2010 and extends K12 Enterprise’s team with additional professionals who hold deep expertise in the K-12 environment.

Kathryn Goldman of Goldman & Minton took the lead in negotiating and closing the interstate transaction within a tight timeline allowing K12 Enterprise to increase significantly its profile in the market.

K12 Enterprise’s headquarters will remain in Towson, Maryland, while Sartox’s Richmond location will become K12 Enterprise’s Virginia office, serving North Carolina and states in the southern United States. With the acquisition, K12 Enterprise increases staff size by an additional 11 employees.

Photo Credit: bareknuckleyellow via Compfight cc

Photo Credit: bareknuckleyellow via Compfight cc

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