CKSource
- sold to -
Providence Strategic Growth

CKSource was founded as an open-source project in 2003 and had been steadily growing until 2018 when the founder entrusted the day-to-day operations to the management team. In 2021, the founder decided to exit the company and find a partner who would bring the business to the next level, while leaving the team with the freedom to innovate.

Background

CKSource is a developer of open-source WYSIWYG text editing solutions. Their flagship product, CKEditor 5, allows developers to seamlessly implement text editing and real-time collaboration functionality in their applications. The platform is used by hundreds of blue-chip clients and millions of users worldwide.

CKSource was founded as an open-source project in 2003 and had been steadily growing until 2018 when the founder entrusted the day-to-day operations to the management team.

In 2021, the founder decided to exit the company and find a partner who would bring the business to the next level, while leaving the team with the freedom to innovate. 

The challenge was to find a partner who had the experience and resources that would help a very talented team realize their potential.

Transaction

Aventis Advisors advised the client throughout their selling journey, building a competitive sales process, attracting multiple indicative offers, negotiating LOIs, and supporting the company throughout due diligence and closing. 

We listened closely and paid attention to the fit between the CKSource team and the potential investor and were able to successfully close the deal. 

Providence Strategic Growth (PSG), a leading growth equity fund, acquired CKSource through Tiugo Technologies, an M&A platform focused on global API-first developer tools.