When Izzi Software launched in late 2024, our mission was to help founders of amazing enterprise software companies move to the next phase of their careers (and lives) knowing that their innovations were in good hands – and that we were committed to growing and sustaining their businesses. Our first completed acquisition was ColeSoft, a well-respected company with deep roots in the IBM Z ecosystem. And now, we are expanding into the IBM Power world with the acquisition of CNX Corporation, a Chicago-based technology company that specializes in app development for IBM Power Systems. This step not only marks an exciting expansion for Izzi but also opens new doors for customers relying on IBM Power’s robust ecosystem.
Established in 1996, CNX is best known for its Valence Framework—a groundbreaking software suite for IBM Power systems. It includes the Nitro App Builder, a low-code platform that makes it easier than ever for developers to modernize legacy applications or create new ones. With Valence, productivity soars, offering businesses a significant leg-up in today’s fast-paced digital environment.
For Izzi Software, owned by Big Band Software, a holding company with a stellar reputation for acquiring and scaling B2B SaaS businesses, this acquisition aligns perfectly with Izzi’s growth strategy, who focuses on profitable businesses with ARR between $2M and $10M, and CNX fits the bill perfectly.
For Izzi Software, this is just the beginning of a new chapter. CEO Jennifer Nelson expressed her excitement about CNX joining the Izzi family, saying, “This acquisition not only strengthens our presence in the software industry but positions us strategically in the IBM Power ecosystem. CNX has an innovative modernization product line that’s making waves, and we’re looking forward to leveraging their expertise to push the boundaries of what we can offer.”
The future looks bright for both Izzi Software and CNX Corporation as they join forces to deliver cutting-edge solutions for the IBM Power ecosystem. Customers can look forward to enhanced support, innovative tools, and a shared vision for driving productivity and innovation forward.
Stay tuned as this partnership starts to shape the future of enterprise software. With Izzi and CNX at the helm, the innovation is exciting!