Information Technology Deals for May 2021
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Information Technology Deals for May 2021 Company Name Description Deal Synopsis 21 Labs Provider of artificial intelligence-based mobile testing The company was acquired by Perforce Software, via its services intended to help businesses deliver quality financial sponsors Francisco Partners and Clearlake Capital software faster. The company's platform offers Group, through an LBO on May 17, 2021 for an undisclosed autonomous testing and releases through production sum. analytics to businesses, thereby considerably reduces manual and automated quality assurance efforts. 9Fold Operator of an online software platform designed for The company was acquired by HungerRush, via its financial restaurateurs to grow the online business. The company's sponsor The CapStreet Group, through an LBO on May 12, 2021 platform allows restaurant owners to receive orders, for an undisclosed sum. change, update menus, edit hours and manage a delivery zone in minutes from different devices with promo tools and social engagement and email marketing tools, enabling clients to convert the customer base from third party commission platforms to a platform accessible via the restaurant website, social media and other various online channels. Ad Remover Developer of an ad-blocking tool intended to be used as The company was acquired by Corel, via its financial sponsor an extension for web browsers. The company offers its Kohlberg Kravis Roberts, through an LBO on May 4, 2021 for an web tool and mobile application on a subscription basis undisclosed sum. that effectively removes online ads and trackers, enabling clients to maintain their privacy while being able to load sites faster. Advicent Solutions Developer and provider of SaaS-based financial planning The company was acquired by InvestCloud, via its financial software intended for the financial services industry. The sponsors Fiserv, Accenture, Citi Ventures, Motive Partners and company specializes in financial planning software for Clearlake Capital Group, through an LBO on May 5, 2021 for an financial advice and financial planning process, products undisclosed sum. including web-enabled marketing communications, helping financial professionals and their clients understand and impact their financial future. Agari Developer of a data security platform designed to protect The company was acquired by HelpSystems, via its financial businesses against phishing. The company's platform sponsors Charlesbank Capital Partners, Pamplona Capital offers internet scale, data-driven security technology Management, TA Associates Management and Split Rock services that eliminate email as a channel for cyber- Partners, through an LBO on May 12, 2021 for an undisclosed attacks, enabling businesses and consumers to interact sum. safely. Cook M&A Advisory Services 212 W Kinzie Street, Ste. 600 Arnis Kins (312) 755-5615 Chicago, IL 60654 Managing Director [email protected] Information Technology Deals for May 2021 Company Name Description Deal Synopsis Anova Apps (46 apps product Portfolio of 46 apps. The portfolio includes Power Suite of The 46 app portfolio of Annova Apps was acquired by Appfire portfolio) apps and its premier Jira workflow automation tool, Technologies, via its financial sponsors Silversmith Capital Power Scripts, as well as other top-selling products like Partners and TA Associates Management, through an LBO on Power Custom Fields for Jira, SAFe EPIC to Feature May 19, 2021 for an undisclosed sum. Translator for Jira, Issue History Collector, and Prometheus Exporter Pro for Jira and Confluence. Aspect Software (Massachusetts) Developer of integrated customer engagement platform The company was acquired by ABRY Partners through an LBO on for interaction management and workforce optimization. May 6, 2021 for an undisclosed sum. Jefferies Finance, Credit The company's interaction management platform Suisse, TD Bank, Macquarie, Truist and Apollo Global provides workforce optimization and self-service Management provided $935 million debt financing in the form omnichannel applications, thereby helping enterprises of a $75 million revolver credit facility, a $610 million senior break down the walls between people, processes, secured first lien term loan and a $250 million senior secured systems and data sources, allowing organizations to unite second lien term loan in support of this transaction. around the customer journey with has offices in Africa, Asia, Oceania, Europe, North America and South America. Astound Commerce Provider of digital commerce consultation intended to The company was acquired by Riordan Lewis & Haden and propel business revenues and customer relations. The Salesforce Ventures through an LBO on May 6, 2021 for an company's platform combines technology, customer undisclosed sum. The funds from the acquisition will be used by experience, customer engagement strategy, research and the company to accelerate expansion of its capabilities and a proven methodology to offer strategies, designing, data footprint into new commercial and technology markets. analysis and business optimization, helping clients to generate and capture consumer demand and improve customer experience. attune Consulting Provider of software for the management of business The company, a subsidiary of Sabre Technologies and MAS processes to the fashion and lifestyle industries. The Holdings, was acquired by Rizing, via its financial sponsors company provides system applications and products (SAP) Cerberus Capital Management, LLR Partners and One Equity products to help fashion companies elevate their business Partners, through an LBO on May 4, 2021 for an undisclosed performance in the digital-fashion world. sum. Cook M&A Advisory Services 212 W Kinzie Street, Ste. 600 Arnis Kins (312) 755-5615 Chicago, IL 60654 Managing Director [email protected] Information Technology Deals for May 2021 Company Name Description Deal Synopsis Bar Code Direct Developer of custom enterprise wireless mobile The company was acquired by Peak-Ryzex, via its financial computing and barcode systems for supply chain, retail, sponsor Sole Source Capital, through an LBO on May 18, 2021 healthcare, and hospitality industries. The company offers for an undisclosed sum. barcode scanners, enterprise tablets, wireless networking and cold chain logistics that help in increasing efficiency in production and labor. Beyond Security Developer of an automated vulnerability assessment and The company was acquired by HelpSystems, via its financial compliance solutions software for businesses and sponsors TA Associates Management, Split Rock Partners, governments. The company offers a range of tools for Pamplona Capital Management and Charlesbank Capital network vulnerability management, static application Partners, through an LBO on May 11, 2021 for an undisclosed security testing and web application scanning, enabling sum. clients to reduce the vulnerability to attack and data loss. Bradford & Galt Provider of IT services intended for forming a business The company was acquired by Ettain Group, via its financial model that allows for the deployment of IT talent and sponsor A&M Capital, through an LBO on May 12, 2021 for an services. The company provides project staffing, undisclosed sum. consulting services, site management and EMR go-live support and training, thereby delivering client-centric, flexible and customized services to customers. Carousel Industries of North Provider of information technology and managed IT The company was acquired by NWN, via its financial sponsor America services based in Exeter, Rhode Island. The company New State Capital Partners, through an LBO on May 12, 2021 for offers data networking, video conferencing, IT security, an undisclosed sum. With this acquisition, NWN is doubling virtualization services, data infrastructure as well as down on its solutions for cloud communications, engagement, collaboration services for Microsoft practices and unified networking, devices, security and infrastructure built for the communications, voice services, including mobility, work-from-anywhere environment. messaging and video services such as video conferencing and A/V integration to its clients. Change Merchant Solutions Provider of custom integrated payment platforms The company was acquired by Fortis Payment Systems, via its catering to merchants and businesses. The company financial sponsor Lovell Minnick Partners, through an LBO on provides curated hardware packages and payment May 26, 2021 for an undisclosed sum. The acquisition will allow services that can be seamlessly incorporated to offer Fortis Payment Systems to expand its presence in the not-for- secure processing of payments at low rates as well as profit market and further enhance its specialty hospitality offers premier client services through a dedicated single business. point of contact, providing clients with an effortless processing experience. Cook M&A Advisory Services 212 W Kinzie Street, Ste. 600 Arnis Kins (312) 755-5615 Chicago, IL 60654 Managing Director [email protected] Information Technology Deals for May 2021 Company Name Description Deal Synopsis Chesapeake Technology Provider of advanced software solutions, systems The company was acquired by Bluestone Investment Partners International engineering and operational support to military and through an LBO on May 24, 2021 for an undisclosed sum. security organizations. The company specializes in developing software, hardware and data management solutions and utilizes a variety of open source and open government-owned