Lexington Solutions is the developer of Fusion, an industry leading software solution utilized by institutional real estate asset management firms for portfolio management, asset performance measurement, and compliance reporting. A wholly-owned subsidiary of Boston Capital, Lexington Solutions created the Fusion software product to provide an integrated offering that provides customizable reporting, construction and lease-up monitoring, tax credit calculation and measurement, financial statement analysis, and a host of other capabilities within a single platform.
As the Fusion product continued to evolve, Boston Capital sought to divest of this business unit to support its core business strategy. Through an introduction by Boston Capital’s accounting firm, Promontory Point Capital was introduced to company leadership and shortly thereafter PPC was engaged to explore strategic alternatives for the Lexington Solutions business. Given prior M&A experience advising software and business services enterprises, PPC quickly approached a targeted group of software and technology companies where the acquisition of the Fusion product would augment existing markets of interest. PPC successfully arranged for a sale transaction with Taazaa, a product engineering and software company that serves real estate and other complementary markets, which closed during December of 2020.