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Tecsys Reports Record Revenue for the Fourth Quarter and Full Year Fiscal 2024

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SaaS subscription bookings set new record in fourth quarter, SaaS RPO climbs 43%

MONTREAL, June 27, 2024 /CNW/ — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management SaaS company, today announced its results for the fourth quarter and full year of fiscal 2024, ended April 30, 2024. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).

“Fiscal 2024 has been a landmark year for Tecsys in which we have demonstrated our ability to drive continued growth and expand market opportunity,” said Peter Brereton, president and CEO at Tecsys. “Our SaaS revenue surged by 39% in fiscal 2024 and we achieved record-breaking SaaS bookings in our fourth quarter as well as for the full year. We head into fiscal 2025 with confidence that we are delivering exceptional value to our customers and are well-positioned to capitalize on our market momentum.”

Mark Bentler, chief financial officer of Tecsys Inc., added, “Our financial performance in fiscal 2024 underscores the strength of our business model. With a 43% increase in SaaS RPO in fiscal 2024 and positive evolution in our gross margin profiles, we continue to see the path for AEBITDA margin expansion to 8-9% in fiscal 2025 and 10-11% in fiscal 2026.”

Fourth Quarter Highlights:

SaaS revenue increased by 27% to $14.2 million, up from $11.1 million in Q4 2023.SaaS subscription bookingsi (measured on an ARRi basis) increased by 108% to a record $8.0 million, compared to $3.9 million in the fourth quarter of fiscal 2023.SaaS Remaining Performance Obligation (RPOi) increased by 43% to $196.9 million at April 30, 2024, up from $137.7 million at the same time last year.Annual Recurring Revenue (ARRi) at April 30, 2024 was up 21% to $94.7 million compared to $78.3 million at April 30, 2023.Total revenue increased 7% to a record $44.0 million compared to $41.2 million in Q4 2023. Professional services revenue decreased by 2% to $14.4 million compared to $14.6 million in Q4 2023.Gross margin was 47% for the fourth quarter of fiscal 2024 compared to 45% for the same period in fiscal 2023.Total gross profit increased to $20.6 million, up 12% from $18.4 million in Q4 2023.Operating expenses increased to $21.3 million, higher by $4.3 million or 25% compared to $17.0 million in Q4 last year. Q4 2024 operating expenses included $2.1 million of restructuring costs.Loss from operations (including the impact of restructuring costs) was $0.6 million in Q4 2024, compared to a profit from operations of $1.4 million in Q4 2023.Net profit was $0.3 million or $0.02 per share on a fully diluted basis in Q4 2024, compared to $0.4 million or $0.03 per share for the same period in fiscal 2023.Adjusted EBITDAii was $2.8 million, up 14% compared to $2.4 million reported in Q4 last year.In the fourth quarter of fiscal 2024, Tecsys acquired 128,300 of its outstanding common shares for approximately $5.0 million as part of its ongoing normal course issuer bid.

Fiscal 2024 Highlights:

SaaS revenue increased by 39% to $51.9 million, up from $37.5 million in fiscal 2023.SaaS subscription bookingsi (measured on an ARRi basis) increased to $18.6 million, up 13% from $16.4 million in fiscal 2023.Total revenue increased 12% to $171.2 million compared to $152.4 million in fiscal 2023.Professional services revenue was $55.2 million, down slightly compared to $55.4 million in fiscal 2023.Gross margin was 46% for fiscal 2024 compared to 44% for fiscal 2023.Total gross profit increased to $78.4 million, up 17% from $66.8 million in the same period of fiscal 2023.Operating expenses increased to $76.5 million, higher by $13.2 million or 21% compared to $63.2 million in fiscal 2023.Profit from operations (including the impact of restructuring) was $1.9 million, down from $3.6 million in fiscal 2023.Net profit was $1.8 million, or $0.13 per diluted share in fiscal 2024, compared to a net profit of $2.1 million, or $0.14 per diluted share, for fiscal 2023.Adjusted EBITDAii was $9.6 million, up slightly compared to $9.5 million in fiscal 2023.

Financial Guidance:

Tecsys is providing financial guidance as follows:

FY25 Guidance

FY26 Guidance

Total Revenue Growth

7-9%

n.a.

SaaS Revenue Growth

30-32%

n.a.

Adjusted EBITDAii Margin

8-9%

10-11%

 

On June 27, 2024, the Company declared a quarterly dividend of $0.08 per share to be paid on August 2, 2024 to shareholders of record on July 12, 2024.

Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be “eligible” dividends.

Q4 and FY2024 Financial Results Conference Call
Date: June 28, 2024
Time: 8:30 a.m. ET
Phone number: 800-836-8184 or 646-357-8785
The call can be replayed until July 5, 2024, by calling:
888-660-6345 or 646-517-4150 (access code: 46999#)

i See Key Performance Indicators in Management’s Discussion and Analysis of the 2024 Financial Statements.

ii See Non-IFRS Performance Measures in Management’s Discussion and Analysis of the 2024 Financial Statements.

About Tecsys

Tecsys is a global provider of advanced supply chain solutions. With a commitment to innovation and customer success, the company equips organizations with the essential software, technology and expertise needed for operational excellence and competitive advantage. Its cloud solutions serve a diverse range of industries, including healthcare, distribution and converging commerce, across multiple complex, regulated and high-volume markets. Built on the Itopia® low-code application platform, Tecsys’ offerings include enterprise resource planning, warehouse management, consolidated service management, distribution and transportation management, supply management at the point of use and order management solutions. Tecsys provides critical data insights and control across the supply chain, ensuring that organizations are agile, responsive and scalable. Tecsys is publicly traded on the Toronto Stock Exchange under the ticker symbol TCS. For more about Tecsys and its solutions, please visit www.tecsys.com.

Forward Looking Statements
The statements in this news release relating to matters that are not historical fact are forward-looking statements that are based on management’s beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.’s business can be found in the MD&A section of the Company’s annual report and the most recently filed annual information form. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR+ (www.sedarplus.ca).

Copyright © Tecsys Inc. 2024. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

Non-IFRS Measures

Reconciliation of EBITDA and Adjusted EBITDA

EBITDA is calculated as earnings before interest expense, interest income, income taxes, depreciation and amortization. Adjusted EBITDA is calculated as EBITDA before stock-based compensation, gain on remeasurement of lease liability, recognition of tax credits generated in prior periods and restructuring costs. The exclusion of interest expense, interest income, income taxes and restructuring costs eliminates the impact on earnings derived from non-operational activities and non-recurring items, and the exclusion of depreciation, amortization, stock-based compensation, gain on remeasurement of lease liability and recognition of tax credits generated in prior periods eliminates the non-cash impact of these items. 

The Company believes that these measures are useful measures of financial performance without the variation caused by the impacts of the items described above and that could potentially distort the analysis of trends in our operating performance. In addition, they are commonly used by investors and analysts to measure a company’s performance, its ability to service debt and to meet other payment obligations, or as a common valuation measurement. Excluding these items does not imply that they are necessarily non-recurring. Management believes these non-IFRS financial measures, in addition to conventional measures prepared in accordance with IFRS, enable investors to evaluate the Company’s operating results, underlying performance and future prospects in a manner similar to management. Although EBITDA and Adjusted EBITDA are frequently used by securities analysts, lenders and others in their evaluation of companies, they have limitations as an analytical tool, and should not be considered in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS.

The reconciliation of EBITDA and Adjusted EBITDA to the most directly comparable IFRS measure is provided below.

Year ended April 30,

(in thousands of CAD)

2024

2023

2022

Net profit for the period

$

1,849

$

2,089

$

4,478

Adjustments for:

Depreciation of property and equipment and right-of-use assets

1,477

1,775

2,162

Amortization of deferred development costs

583

496

290

Amortization of other intangible assets

1,493

1,603

1,612

Interest expense

163

406

622

Interest income

(1,015)

(686)

(474)

Income taxes

641

1,624

946

EBITDA

$

5,191

$

7,307

$

9,636

Adjustments for:

Stock based compensation

2,301

2,177

1,684

Gain on remeasurement of lease liability

(573)

Recognition of tax credits generated in prior periods

(617)

Restructuring costs

2,122

Adjusted EBITDAii

$

9,614

$

9,484

$

10,130

 

Consolidated Statements of Financial Position
(In thousands of Canadian dollars)

April 30, 2024

April 30, 2023

Assets

Current assets

Cash and cash equivalents

$

18,856

$

21,235

Short-term investments

16,713

15,835

Accounts receivable

22,090

22,900

Work in progress

4,248

1,734

Other receivables

134

523

Tax credits

6,422

5,338

Inventory

1,359

1,034

Prepaid expenses and other

9,143

8,193

Total current assets

78,965

76,792

 

Non-current assets

Other long-term receivables and assets

421

363

Tax credits

4,737

5,368

Property and equipment

1,372

1,802

Right-of-use assets

1,251

1,708

Contract acquisition costs

4,478

3,738

Deferred development costs

2,683

2,254

Other intangible assets

7,703

9,287

Goodwill

17,363

17,467

Deferred tax assets

9,073

8,137

Total non-current assets

49,081

50,124

Total assets

$

128,046

$

126,916

Liabilities

Current liabilities

Accounts payable and accrued liabilities

20,030

21,669

Deferred revenue

36,211

30,388

Lease obligations

812

793

Total current liabilities

57,053

52,850

 

Non-current liabilities

Other long-term accrued liabilities

496

253

Deferred tax liabilities

826

1,255

Lease obligations

1,302

2,120

Total non-current liabilities

2,624

3,628

Total liabilities

$

59,677

$

56,478

 

Equity

Share capital

$

52,256

$

44,338

Contributed surplus

9,417

15,285

Retained earnings

8,121

10,832

Accumulated other comprehensive loss

(1,425)

(17)

Total equity attributable to the owners of the Company

68,369

70,438

Total liabilities and equity

$

128,046

$

126,916

 

Consolidated Statements of Income and Comprehensive (loss) Income 
(In thousands of Canadian dollars, except per share data)

Three Months Ended

Twelve Months Ended

April 30,

April 30,

2024

2023

2024

2023

Revenue:

SaaS

$

14,191

$

11,133

$

51,918

$

37,476

Maintenance and Support

8,140

7,992

33,957

32,714

Professional Services

14,390

14,614

55,188

55,353

License

282

529

1,386

3,116

Hardware

6,952

6,924

28,793

23,765

Total revenue

43,955

41,192

171,242

152,424

Cost of revenue

23,341

22,828

92,853

85,615

Gross profit

20,614

18,364

78,389

66,809

Operating expenses:

Sales and marketing

8,437

7,778

32,976

28,080

General and administration

3,264

2,599

11,844

11,218

Research and development, net of tax credits

7,435

6,597

29,514

23,943

Restructuring costs

2,122

2,122

Total operating expenses

21,258

16,974

76,456

63,241

(Loss) profit from operations

(644)

1,390

1,933

3,568

Other income (costs)

122

(189)

557

145

(Loss) profit before income taxes

(522)

1,201

2,490

3,713

Income tax (benefit) expense

(781)

755

641

1,624

Net profit

$

259

$

446

$

1,849

$

2,089

Other comprehensive income (loss):

Effective portion of changes in fair value on designated revenue hedges

(2,187)

(521)

(1,086)

(6)

Exchange differences on translation of foreign operations

102

489

(322)

1,423

Comprehensive (loss) income

$

(1,826)

$

414

$

441

$

3,506

Basic and diluted earnings per common share

$

0.02

$

0.03

$

0.13

$

0.14

 

Consolidated Statements of Cash Flows
(In thousands of Canadian dollars)

Three Months Ended

Twelve Months Ended

April 30,

April 30,

2024

2023

2024

2023

Cash flows from operating activities:

Net profit

$

259

$

446

$

1,849

$

2,089

Adjustments for:

Depreciation of property and equipment and right-of-use-assets

361

440

1,477

1,775

Amortization of deferred development costs

147

145

583

496

Amortization of other intangible assets

347

402

1,493

1,603

Interest (income) expense and foreign exchange (gain) loss

(122)

189

(557)

(145)

Unrealized foreign exchange and other

481

1,336

(569)

1,754

Non-refundable tax credits

(596)

(429)

(1,961)

(2,095)

Stock-based compensation

531

455

2,301

2,177

Income taxes

65

124

519

554

Net cash from operating activities excluding changes in non-cash
   working capital items related to operations

1,473

3,108

5,135

8,208

Accounts receivable

2,714

955

764

(5,915)

Work in progress

(856)

208

(2,518)

(151)

Other receivables and assets

(135)

163

1

(58)

Tax credits

(728)

3,239

113

(114)

Inventory

544

268

(327)

(226)

Prepaid expenses

299

21

(646)

(1,452)

Contract acquisition costs

(784)

(190)

(1,045)

(908)

Accounts payable and accrued liabilities

(3,052)

1,645

(2,455)

3,259

Deferred revenue

5,506

1,258

5,833

5,713

Changes in non-cash working capital items related to operations

3,508

7,567

(280)

148

Net cash provided by operating activities

4,981

10,675

4,855

8,356

Cash flows from financing activities:

Repayment of long-term debt

(8,400)

Proceeds from short-term investments

5,000

Payment of lease obligations

(193)

(119)

(786)

(689)

Payment of dividends

(1,175)

(1,094)

(4,560)

(4,225)

Interest paid

(27)

(17)

(163)

(406)

Issuance of common shares on exercise of stock options

3,897

185

6,964

297

Shares repurchased and cancelled

(5,010)

(7,215)

Net cash used in financing activities

(2,508)

(1,045)

(5,760)

(8,423)

Cash flows from investing activities:

Interest received

6

27

97

90

Transfers from short-term investments

40

Acquisitions of property and equipment

(144)

(340)

(599)

(850)

Acquisitions of other intangible assets

(62)

Deferred development costs

(203)

(283)

(1,012)

(880)

Net cash used in investing activities

(341)

(596)

(1,474)

(1,702)

Net Increase (decrease) in cash and cash equivalents during the period

2,132

9,034

(2,379)

(1,769)

Cash and cash equivalents – beginning of period

16,724

12,201

21,235

23,004

Cash and cash equivalents – end of period

$

18,856

$

21,235

$

18,856

$

21,235

 

Consolidated Statements of Changes in Equity
(In thousands of Canadian dollars, except number of shares)

Share capital

Number

Amount

Contributed
Surplus

Accumulated
other
comprehensive
income (loss)

Retained
earnings

Total

Balance, May 1, 2023

14,582,837

$

44,338

$

15,285

$

(17)

$

10,832

$

70,438

Net profit

1,849

1,849

Other comprehensive (loss) income:

Effective portion of changes in fair value on designated revenue hedges

(1,086)

(1,086)

Exchange difference on translation of foreign operations

(322)

(322)

Total comprehensive (loss) income

(1,408)

1,849

441

Shares repurchased and cancelled

(204,500)

(684)

(6,531)

(7,215)

Stock-based compensation

2,301

2,301

Dividends to equity owners

(4,560)

(4,560)

Share options exercised

461,813

8,602

(1,638)

6,964

Total transactions with owners of the Company

257,313

$

7,918

(5,868)

$

$

(4,560)

$

(2,510)

Balance, April 30, 2024

14,840,150

$

52,256

9,417

$

(1,425)

$

8,121

$

68,369

Balance, May 1, 2022

14,562,895

$

43,973

13,176

$

(1,434)

$

12,968

$

68,683

Net profit

2,089

2,089

Other comprehensive income:

Effective portion of changes in fair value on designated revenue hedges

(6)

(6)

Exchange difference on translation of foreign operations

1,423

1,423

Total comprehensive income

1,417

2,089

3,506

Stock-based compensation

2,177

2,177

Dividends to equity owners

(4,225)

(4,225)

Share options exercised

19,942

365

(68)

297

Total transactions with owners of the Company

19,942

$

365

2,109

$

$

(4,225)

$

(1,751)

Balance, April 30, 2023

14,582,837

$

44,338

15,285

$

(17)

$

10,832

$

70,438

 

 

SOURCE Tecsys Inc.

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NEW RESEARCH ASSOCIATES DANCE AND POSITIVE AFFECT IN CHILDREN AND ADOLESCENTS

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The study, one of the largest of its kind, finds that children and adolescents consistently reported more positive mood after structured dance classes than before them — across every skill level, instructor, and dance style examined.

LIVERMORE, Calif., June 16, 2026 /PRNewswire/ — Raising the Barre – In one of the largest prospective field studies to examine session-level mood change in recreational youth dance, children and adolescents reported maintained or improved mood in roughly 86% of dance classes, according to peer-reviewed research published in Frontiers in Psychology.

Study associates structured youth dance classes with maintained or improved mood across 4,000+ sessions.

Across more than 4,000 class sessions, students’ mood ratings after class were consistently higher than before. Skill level, dance genre, instructor experience, time of day, and day of week made no significant difference to the size of the effect, suggesting the benefit is a general property of well-run dance classes rather than something that requires a specific style, schedule, or instructor.

“What I find incredible is not just that the kids felt better after class. It’s how consistent it was. It didn’t matter what style they danced, how advanced they were, or who was teaching. It showed up for the whole class,” said Tiffany C. Henderson, the study’s lead author, co-founder of Tiffany’s Dance Academy, Twinkle Star Dance Academy, and the non-profit Raising the Barre.

Research began in 2024 as the capstone project of Henderson’s applied positive psychology studies at the University of Pennsylvania and was conducted in collaboration with faculty members there.

With rising rates of youth anxiety and depression reported internationally and many youth mental health resources focusing on clinical intervention, dance represents a widely accessible activity to potentially support young people’s physical, mental, and social wellbeing.

Building on the initial findings, studies are now being led by Dr. Monica Ellwood-Lowe, assistant professor at the Stanford University Graduate School of Education and director of the Minds, Experiences, and Language Lab, to investigate the role of dance and executive and cognitive function.

“We have the incredible opportunity to delve deeper into these initial findings, to watch in real time as children learn and perfect new dance skills,” said Ellwood-Lowe. “In close collaboration with Tiffany’s Dance Academy and the Twinkle Star Dance curriculum, we will investigate children’s moment-to-moment learning dynamics, how those dynamics interact with the broader classroom environment, and how all of this shapes children’s development over time.”

More information is available at https://www.frontiersin.org/journals/psychology/articles/10.3389/fpsyg.2026.1719704/full.

View original content to download multimedia:https://www.prnewswire.com/news-releases/new-research-associates-dance-and-positive-affect-in-children-and-adolescents-302801904.html

SOURCE Raising the Barre

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Siemens partners with Databricks and FFT to turn production data into scalable AI-driven insights

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Siemens Industrial Edge and FFT DataBridge connect shopfloor and plant data directly to the Databricks Platform – no IoT middleware requiredNew edge to cloud connectivity offers scalable advanced analytics and a unified, AI‑ready production data foundation Industrial customers can optimize their operations, reduce costs and increase productivity

ERLANGEN, Germany, June 16, 2026 /PRNewswire/ — Siemens announced a new edge-to-cloud integration with Databricks, the Data and AI company, and long‑time automation partner FFT Produktionssysteme GmbH (FFT). Together, the partners will connect production data directly to enterprise AI – without complex IoT middleware. This will help industrial customers transform their production data into actionable insights and scale industrial AI across global operations.  

With the new integration, customers are able to stream contextualized shopfloor and plant data from Siemens Industrial Edge via the FFT DataBridge directly to the Databricks Platform, where it can be analyzed and used to train AI models centrally for implementation across global production networks. These models can then be deployed back to the edge for execution at the point of production. This approach helps industrial companies optimize their operations, reduce costs and increase productivity with low‑latency, data‑driven decision‑making. It lays the foundation for physical AI and future autonomous operations.

“Industrial AI only delivers value when data, context and execution come together,” said Rainer Brehm, COO Automation and CTO at Siemens Digital Industries. “With Databricks and FFT, we enable our customers to scale industrial AI across factories and plants and make AI-powered production real.”

Operationalizing Industrial AI with seamless IT/OT integration

With Siemens Industrial Edge and Industrial Information Hub (integration layer for industrial data), customers benefit from a secure, scalable and low-maintenance edge platform designed to unlock siloed industrial data and execute intelligent applications close to the production process. This includes advanced local analytics, physical AI and closed loop AI workflows that require low latency, high availability and strict security compliance.

Databricks complements this with advanced analytics, machine learning and agentic AI for industrial data in a cloud agnostic, governed environment with minimal infrastructure overhead. This supports a wide range of advanced use cases, including predictive maintenance, quality optimization, energy management, supply chain optimization and agentic AI applications.

“By uniting Siemens’ industrial automation and edge expertise with the Databricks Platform, we help industrial companies close the gap between industrial data and scalable business impact across their industrial network,” said Shiv Trisal, Global Industrials GTM Leader at Databricks. “This partnership is a foundational step in making human-agent collaboration a reality for industrial operations.”

Siemens Industrial Edge enables customers to deploy and manage edge devices and apps on the production site. The app ecosystem allows seamless connectivity to industrial assets, IT systems and the cloud.

FFT DataBridge: Industrial‑grade data pipelines for adaptive production

FFT Produktionssysteme GmbH plays a key role in operationalizing the joint Siemens–Databricks architecture. As a long-standing Siemens partner with deep shopfloor expertise, FFT provides the DataBridge application that securely and efficiently connects Siemens Industrial Edge with the Databricks platform. FFT DataBridge streams contextualized, AI-ready production data from the edge to the cloud, where it can be combined with additional IT and OT data sources.

“Together with our partners Databricks and Siemens, FFT DataBridge provides a simple, powerful gateway to the cloud for more than 30,000 potential customers,” said Volker Stark, COO at FFT Produktionssysteme. It is ready to use and does not require expensive and time-intensive transformation of data. By natively bridging the gap between IT and OT, we eliminate the need for complex IoT layers and significantly simplify industrial connectivity for customers of Databricks.”

With the combined offering from Siemens, Databricks, and FFT, industrial producers can unlock AI‑ready production data, scale Industrial AI, and optimize operations across global production sites

This press release and press pictures are available at https://sie.ag/3qTP9k

For more information on Siemens Industrial Edge Computing Architecture please see https://www.siemens.com/en-us/products/industrial-edge/edge-computing-architecture/

For more information on Databricks please see https://www.databricks.com/

For more information on FFT DataBridge please see https://www.fft.de/en/fft-data-bridge

Follow us at: blog.siemens.com and linkedin.com/siemens-industry

Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI’s unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 72,000 employees internationally.

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. A leader in industrial AI, Siemens leverages its deep domain know-how to apply AI – including generative AI – to real-world applications, making AI accessible and impactful for customers across diverse industries. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

In fiscal 2025, which ended on September 30, 2025, the Siemens Group generated revenue of €78.9 billion and net income of €10.4 billion. As of September 30, 2025, the company employed around 318,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

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SOURCE Siemens AG

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DELCAM CAPITAL EXPANDS SPACE AGE ELECTRONICS’ FIRE & LIFE SAFETY PLATFORM WITH ACQUISITION OF SPRINKGUARD

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BOSTON, June 16, 2026 /PRNewswire/ — DelCam Capital announced today that its portfolio company, Space Age Electronics (“SAE”), has acquired SprinkGuard, a leading manufacturer of specialty fire sprinkler protection products used in commercial, industrial, and mission-critical facilities throughout North America.

Founded by Matt Hunsberger and Troy Marino, SprinkGuard has developed a strong reputation for innovative sprinkler-head protection products used in demanding environments where code compliance, facility protection, and system reliability are essential. SprinkGuard products are specified in a wide range of commercial and industrial applications, including distribution centers, manufacturing facilities, warehouses, and other high-value properties.

SprinkGuard will operate as part of Space Age Electronics, immediately gaining access to SAE’s national distribution network, engineering resources, manufacturing capabilities, and relationships with more than 1,000 fire systems integrators across the United States.

“SprinkGuard is a highly respected niche manufacturer with products that solve real problems for fire protection professionals,” said Steve Trotta, Managing Partner of DelCam Capital. “The business has built a strong reputation through product quality, innovation, and customer relationships. By combining SprinkGuard with Space Age Electronics, we believe we can significantly expand market reach while continuing to invest in product development, manufacturing excellence, and customer service.”

“We built SprinkGuard by focusing on product performance, customer trust, and helping contractors meet demanding code requirements,” said Matt Hunsberger, Co-Founder of SprinkGuard. “Joining Space Age Electronics and DelCam Capital provides access to resources, manufacturing capabilities, and distribution channels that will help accelerate the next stage of growth.”

Matt Grady, Chief Executive Officer of Space Age Electronics, added, “SprinkGuard complements our existing product portfolio exceptionally well. The addition strengthens our ability to serve fire protection professionals with a broader range of engineered solutions while leveraging the sales, customer support, and operational infrastructure we have already established nationwide.”

The transaction represents another step in DelCam Capital’s broader strategy of investing in and growing American manufacturing businesses that serve essential infrastructure markets. Through its ownership of Space Age Electronics and related fire and life safety businesses, DelCam continues to build a platform focused on product innovation, operational excellence, and long-term value creation.

Consistent with DelCam Capital’s operating philosophy, employees across the platform participate in ownership and value creation, aligning the interests of management, employees, and investors around long-term growth.

“Fire and life safety remains one of the most attractive sectors within industrial manufacturing,” added Trotta. “The industry benefits from recurring demand, strong regulatory drivers, and mission-critical applications. We continue to seek opportunities to partner with founders and family-owned businesses that have built differentiated products and strong customer relationships.”

About DelCam Capital

DelCam Capital is a Massachusetts-based private equity firm focused on acquiring and growing niche American manufacturing businesses. The firm partners with founders, management teams, and employees to build enduring companies through operational improvement, strategic growth initiatives, and long-term ownership.

About Space Age Electronics

Space Age Electronics is a leading manufacturer of fire and life safety equipment headquartered in Sterling, Massachusetts. The company designs and manufactures engineered products serving the fire alarm, emergency communications, and life safety markets and maintains relationships with more than 1,000 fire systems integrators nationwide.

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SOURCE DelCam Capital, LLC

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