Deals
Seriously, It's Tinder for M&A
- Axial's software makes online matches in mid-market mergers
- `I was sourcing deals from my boxers,' says one broker
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If you’re into hooking up, you’ve probably tried Tinder. If you’re a small company, and you want to hook up with another company, Axial Networks Inc. can be your go-between.
The closely held software maker has created what’s essentially a matchmaking application for management, bankers and private-equity firms looking to buy or sell companies. Executives plug in their company’s financials and related essential information that only Axial sees. Then the firm uses an algorithm to match the company with prospective buyers. Like Tinder, users swipe right on their mobile phones, or click on a desktop, to “like” a company, allowing them to message a company’s broker or executive directly.