Today, June 29, 2018, we are pleased to announce that Palmetto Engineering & Consulting has sold its CrescentLink software division to longtime friend and business partner, Mr. Bruce Smith, and his new firm, GeoGraph Technologies, LLC. The owners of PEC have been working with Bruce and his team for several months, crafting a deal that would protect our clients, allow the best possible future for the advancement of the software, and be financially fair to both companies.
Although Bruce will be leaving Palmetto to head this new venture, we remain in lockstep with him in our desire to work together for the benefit of clients, prospects, and mutual interests of our independent firms. The goodwill that Bruce has earned, through decades of friendship with the owners of PEC, will continue.
This transaction represents a "once-in-a-lifetime" opportunity for our two firms to focus on core competencies while pursuing the passions of consulting engineering and software development fueled by our respective specialties. By "spinning off" the CrescentLink software division, these different market niches can be emphasized and developed to the fullest extent and capability of the individual companies.
Please join us in celebrating the software potential, financial commitment, and new energy being initiated by GeoGraph Technologies as they take CrescentLink to the next level of GIS!
Congratulations to the PEC and GGT teams for working together to give birth to this great new future for CrescentLink!