Magazine Article | February 1, 2019

Inside The Acquisition Of A 10-Year-Old Startup

Source: Software Executive magazine

By Abby Sorensen, Chief Editor

The aftermath of the CaterTrax acquisition proves software companies can find long-term solutions without needing headline-grabbing VC-backed exits.

In 2015, Jeff Luchetti became CFO of CaterTrax, a company that described itself as a “10-year-old startup.” The catering management software company is all grown up now, thanks in part to Luchetti’s guidance through its acquisition by Volaris Group, an operating group of Constellation Software Inc. When Luchetti started at the Rochester, NY-based company, the owners had some kind of exit in mind a few years down the road, but that picture was still fuzzy. It helped that Luchetti had participated in over $2 billion worth of restructuring and buy- and sell-side deals throughout his career in finance and corporate development. Luchetti, a CFO-turned-CEO, had a front row seat to CaterTrax’s evolution before, during, and after the Volaris deal.