Cherry Tree Advises Renodis in Acquisition of 12 Points Consulting

Renodis Announces Acquisition of 12 Points Consulting

Renodis expands hospitality telecommunications management services with the addition of 12 Points Consulting

ST. PAUL, MINN. (November 9, 2022) — Renodis, a leading telecom management firm, today announced the acquisition of 12 Points Consulting, a telecommunications equipment and managed solutions provider for the hospitality industry. This acquisition enhances Renodis telecom and utilities management services and enables the employees, partners, and clients of both companies even more positive benefits as a result of the combined capabilities.

Craig Beason, CEO and Owner of Renodis commented, “We are thrilled to welcome the 12 Points team and its clients to our company. This acquisition, along with the recent acquisition of The Eric Ryan Corporation, will strengthen our ability to offer a variety of services to our combined clients and prospects. Our priority is to ensure the resiliency of our clients’ connectivity, advise on the right technologies, and provide best-in-class managed solutions.”

“I am excited for this new adventure and the new services and value we can offer our clients,” said Curtis Olien, President of 12 Points Consulting. For almost 10 years, 12 Points has specialized in hospitality telecommunications and can provide, service, and support equipment for all hotel needs. Curtis and employees will continue to serve their clients as a subsidiary of Renodis, operating as: 12 Points, a Renodis Company.

For 20 years, Renodis has paved the way in client-centric connectivity technology solutions, driving a shift to end-to-end outsourced management. With solutions focused on Consulting, Sourcing, Lifecycle Management, and Expense Management, Renodis serves their clients’ full telecommunications and mobility environments. The Renodis Promise is to free IT leaders from telecom frustration while saving time, money, and increasing productivity.

Minneapolis based Cherry Tree & Associates served as the investment banking advisor to Renodis, and Faegre Drinker Biddle & Reath LLP served as their legal advisor on the transaction.

About Renodis
Renodis is a connectivity technologies consulting, sourcing, and managed services firm. We help enterprises accelerate their copper-to-cloud journey resulting in less frustration from managing legacy technologies and suppliers, better utilized IT talent, and improved support experience for their offices and people. All while client experience skyrockets and IT costs are reduced. A Saint Paul, Minnesota-based company since 2002, Renodis has helped hundreds of organizations with their connectivity technology transformations. Find out more at Renodis.com.

About 12 Points Consulting
12 Points Consulting provides, services, and supports telecom equipment and provides telecom expense management services in the hospitality industry. Based in Fargo, North Dakota since 2013, 12 Points has become a one-stop-shop for all of their clients’ facility and hardware equipment support needs, including 24/7 support. Find out more at 12PointsConsulting.com.

Cautionary note regarding forward-looking statements.

This announcement includes forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Such statements are based on current expectations, and actual results may differ materially. The forward-looking statements in this announcement are subject to a number of risks and uncertainties including, but not limited to, the possibility of continuing operating losses, the ability to adapt to rapid technological change, cost and difficulties we may face in integrating the businesses of XATA and GeoLogic Solutions, dependence on positioning systems and communication networks owned and controlled by others, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products, the ability to fund future research and development activities, the ability to establish and maintain strategic partner relationships, and the other factors discussed under “Risk Factors” in Part IA, Item 1 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2008 (as updated in our subsequent reports filed with the SEC). These reports are available under the “Investors” section of our Web site at www.xata.com and through the SEC Web site at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.

“We are thrilled to welcome the 12 Points team and its clients to our company. This acquisition, along with the recent acquisition of The Eric Ryan Corporation, will strengthen our ability to offer a variety of services to our combined clients and prospects. Our priority is to ensure the resiliency of our clients’ connectivity, advise on the right technologies, and provide best-in-class managed solutions.” 
—Craig Beason, CEO and Owner, Renodis

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

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