FileOnQ Inc.

FileOnQ builds no-code software that public safety and justice agencies run on: evidence management, records, and document workflows, with more than 500 applications deployed and 94 percent customer retention since its founding in 1996. By the time of the sale the company had shifted most of its revenue to subscriptions and invested heavily in moving the platform to the cloud.

Founder Kim Webley is a serial entrepreneur whose defining moment came in the dot-com bust, when he cut the company back to its original six employees rather than let his investors down, then rebuilt it. Selling through Rejigg in 2023, one of the platform's earliest closed deals, he wanted a majority buyer who would carry the company forward with him still in the building: he rolled equity and stayed on as Director of Corporate Development.

FileOnQ connected with Christophe Michotte in April 2023 and had an LOI about a month later. The buyer insisted on meeting in person before proceeding, because chemistry was his stated first filter, and the deal closed in September 2023, roughly five months after the first call.

Christophe Michotte, a Belgian-born M&A professional with years at Morgan Stanley and Merrill Lynch, acquired FileOnQ through Sloane Street Partners, an all-equity vehicle backed by a circle of investors largely connected to Stanford. No debt, no financing contingency, and a stated belief that cultural fit decides whether an acquisition works.