Creating the Sole Corporate Subscription Management Service in the US
Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, today announced that its client Couranto— a provider of corporate subscription and information contract management services headquartered in Florida—has been acquired by Prenax, the world’s largest European-owned subscription management firm.
The DAK Group served as the exclusive financial advisor to Couranto.
“The owners of Couranto have successfully monetized the exceptional business they founded and led for over 30 years”. said Milton Kahn, Managing Director at The DAK Group, who led the transaction alongside Marvin Ma, Vice President, “With its strong market position, Couranto is a natural strategic fit for Prenax”
This highly strategic and accretive acquisition marks a significant milestone in the subscription management and managed services industry. The combination of Prenax and Couranto creates the only fully integrated corporate subscription management solution in the U.S., offering clients broader capabilities, greater innovation, and enhanced value.
Couranto has served corporate clients spanning most industries for over 30 years, by reducing costs while improving access to subscriptions, licensed content, data resources, intellectual property and corporate memberships.
“By becoming part of the Prenax Global Group, Couranto now offers customers the added benefit of being backed by a well-established international organization. This merging of talent and resources gives us enhanced capabilities and broader reach, while retaining the personalized service and expertise customers value” commented Julie Auslander Founder of Couranto “We’re excited about the opportunities this partnership brings.”
Fredrik Petersson, CEO of Prenax, adds: “Today marks a transformative milestone in our journey. By joining forces, we are not only expanding our capabilities but also reinforcing our commitment to innovation, excellence, and delivering greater value to our customers. Together, we are stronger, more agile, and better positioned to shape the future of our industry.”
About The DAK Group
www.dakgroup.com
The DAK Group is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sales, strategic leadership advisory, valuations, and fairness opinions. Since 1984, The DAK Group has executed hundreds of transactions across a wide range of industries.
About Couranto
www.couranto.com
With more than 30 years’ experience in corporate information contract management, Couranto partners with corporate clients to maximize the value of their information portfolios by reducing costs while improving access to licensed content, data resources, intellectual property, corporate memberships and related contracts. Couranto’s Discovery and Clarity platforms provide custom-configured end-to-end information access, budget planning and license management tools. Built on deep expertise and a long history of client successes, Couranto solutions add value to and help to drive innovation throughout client organizations, creating enduring impact.
About Prenax
www.prenax.com
Prenax started life in Sweden in 1993, and has expanded through organic growth, acquisitions and partnerships to become the world’s largest European-owned subscription management partner. Operating from the US, through Europe to the Asia-Pacific region, it serves financial and legal services, advanced engineering, consulting, medical libraries, pharma and local governments. From its local offices in ten countries worldwide, Prenax simplifies and centralizes the information resources procurement process. It manages and consolidates subscriptions and memberships through a single supplier to ensure customers benefit from lower costs, better visibility and control.
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