Malvern, PA/Chicago, IL – January 4, 2017 — Madison Street Capital (“MSC”), an international investment banking firm serving the middle market, acted as the exclusive financial advisor to DCG Software Value, a global provider of function point analysis, software estimation services and software value management, in the merger with The Spitfire Group, a business-oriented technology consulting firm headquartered in Denver.

The transaction was announced today by Charles Botchway, CEO of MSC and was led by Jay Rodgers. Terms of the transaction were not disclosed.

“Both companies are led by exceptionally experienced management teams including Mike Harris, CEO of DCG Software Value and Mark Richtermeyer, CEO of Spitfire,” said Botchway. “It was a great opportunity to work with both of these Business IT industry leaders.”

From our first engagement with MSC to the closing of this deal, the team led by Jay Rodgers has provided powerful analysis and thoughtful insight.” stated Harris. “Mark and I plan to continue to work with the MSC team to enable us to find additional ways to help more clients grow their software value.”



Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards.

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DCG Software Value is a global provider of software analytics, software quality management and Agile support services. Since 1994, companies of all sizes who depend on their software have relied on DCG to foster improved decision making and resource management and to quantifiably impact their bottom line. DCG maintains a U.S. corporate office in Malvern, Pa and a European corporate office in the U.K. DCG Software Value is the operating name of Objective Integrity, Inc., a Pennsylvania corporation.

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The Spitfire Group is a business and technology consulting firm that specializes in helping clients achieve alignment between business objectives and technology initiatives. Utilizing the “force multiplier” concept, the Spitfire Group is a highly trained and experienced team of professionals who help your technologies, and your team, perform at higher levels. Whether it’s technology architecture assessment, custom development and integration projects or project management (or all three), Spitfire uses only the most up-to-date technologies to tackle your biggest business challenges.

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