Earlier this month, Shorewood native and Madison entrepreneur Max Lynch sold his mobile application development startup Ionic to Boston software firm OutSystems.

The companies didn’t disclose the terms of the deal but “everyone is very happy, both with the financial outcome but also the strategic fit,” Lynch told Wisconsin Inno.

The opportunity to sell Ionic came out of a potential partnership the two companies had been working on, said Lynch, Ionic’s co-founder and CEO. The acquisition process took around six months, he said.

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