CKSource
- sold to -
Tiugo Technologies

Aventis advised CKSource on its sale to Tiugo Technologies, backed by Providence Strategic Growth (PSG). CKSource, known for its flagship product CKEditor 5, provides text editing and real-time collaboration tools used by blue-chip clients worldwide. Tiugo Technologies is a leading platform for API-first developer tools.

Background 

Founded in 2003, CKSource started as an open-source project with a clear mission: improving text editing for developers. Over the years, the company developed CKEditor 5, which became a reliable text editing solution used by numerous companies globally.

In 2018, the founder made a strategic decision to transition daily operations to the management team, creating space for fresh perspectives and independent growth. By 2021, the company was ready to explore a partnership that could provide additional resources and expertise.

The Challenge

Finding the right strategic partner was key. The goal was to identify an investor who could:

• Bring expertise in scaling technology companies
• Provide strategic resources
• Align with CKSource’s core values and innovative approach

Transaction

Our team at Aventis Advisors provided comprehensive software M&A advisory support to the management team of CKSource throughout the transaction process, leveraging our financial and industry expertise to:

• Design and execute a competitive sales process
• Attract interest from a diverse pool of potential partners
• Secure and evaluate multiple indicative offers
• Negotiate Letters of Intent that balanced financial value with strategic alignment
• Provide hands-on support during due diligence
• Facilitate a smooth closing process

We prioritized finding a partner that not only offered financial value but also aligned culturally and strategically with CKSource’s vision.

Outcome 

The transaction culminated in CKSource’s acquisition by Providence Strategic Growth (PSG), completed through Tiugo Technologies—a platform specializing in global API-first developer tools. This strategic partnership provides CKSource with unparalleled access to expertise and resources.

Looking Ahead 

The partnership with Tiugo positions CKSource to:

• Continue developing cutting-edge solutions
• Deliver exceptional value to more clients and users worldwide

Why should you partner with a software M&A advisor?

Selling a software company involves more than just negotiating a price—it’s about finding the right buyer, maximizing value, and ensuring a seamless process. Software M&A advisors bring deep industry expertise, manage complex workstreams, and position your business to attract competitive offers

While you focus on running your company, software M&A advisors handle the negotiations, due diligence, and strategy, ensuring no detail is overlooked. The M&A advisor’s success aligns with yours, often making a significant impact on the final deal value and outcome

About Aventis Advisors

Aventis Advisors is an M&A advisor focusing on technology and growth companies. We believe the world would be better off with fewer (but better quality) M&A deals done at the right moment for the company and its owners. Our goal is to provide honest, insight-driven advice, clearly laying out all the options for our clients – including the one to keep the status quo.

Get in touch with us to discuss how much your business could be worth and how to maximize the valuation.