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Angoss Software today announced it had entered into a binding letter of intent with Peterson Partners, in a a proposed acquisition that would see an affiliate of Peterson Partners acquire 100% of its outstanding shares.Just when we thought the M&A trend has reversed it course after many Canadian techs made significant acquisitions of their own, news today confirms the opposite circumstance is still very much in play. Angoss Software (TSXV:ANC) today announced it had entered into a binding letter of intent with Peterson Partners, in a a proposed acquisition that would see an affiliate of Peterson Partners acquire 100% of its outstanding shares. Angoss's board of directors is unanimously recommending that shareholders vote in favour of the Transaction at an upcoming special meeting. That recommendation, however, remains subject a fairness opinion and, obviously, any better bid that may arise in the meantime. The Peterson offer is for cash in the amount of $0.525 per share, which values the company at approximately $5.4-million. Angoss CEO Martin Galligan said the deal is fair. "This proposal represents a significant premium to Angoss' current market price," he said, "and we are pleased to provide shareholders an opportunity to realize immediate value for their shares." Salt Lake City-based Peterson Partners, which was founded in 1995, has carved out a niche in investing in small to medium sized companies in the manufacturing, business services and transportation spaces, where it has had more than fifty transactions, including companies such Cranium, JetBlue, and Franklin Covey Founded in 1984, Toronto’s Angoss Software makes powerful predictive analytics software the company says helps “clients discover the patterns in their own data, predict the impacts of their marketing, sales and risk strategies, and act on this insight by helping them create actionable, predictive rules. The company's revenue has remained approximately steady for years; it posted a topline of $6.94-million in 2011. ______________

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