Capstone Partners has advised Archon Technologies, an enterprise software solutions for motor vehicle agencies, on their sale to 3M Company (3M). Terms of the deal were not disclosed.
Based out of Denver, CO Archon Technologies enterprise software systems manage and integrate motor vehicle agency operations including vehicle registration, titling, driver licensing, professional licensing, dealer credentialing and revenue management. Demand for comprehensive integrated software solutions is expected to increase as motor vehicle agencies upgrade aging systems to improve efficiency and to address new federal security requirements. The acquisition will help strengthen 3M’s core solutions and help motor vehicle agencies operate more efficiently.