Evergreen funds WorkForce Software


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Evergreen Coast Capital Corp, the tech-focused private equity arm of Elliott Management Corporation, has made a “significant” investment in WorkForce Software, a provider of cloud-based workforce management solutions. No financial terms were disclosed. As a result of the transaction, Evergreen will become equal partners with WorkForce Software’s majority investor Insight Partners.

PRESS RELEASE

LIVONIA, Mich., June 24, 2019 (GLOBE NEWSWIRE) — WorkForce Software®, a leading global provider of cloud-based workforce management solutions, announced today a significant equity investment from affiliates of Evergreen Coast Capital Corp. (“Evergreen”), the technology-focused private equity arm of Elliott Management Corporation. With the investment, Evergreen will become equal partners with Insight Partners, which has been the majority investor in WorkForce Software since 2014. Terms of the transaction were not disclosed.

Founded in 1999, WorkForce Software is making work easy for the connected workforce around the globe. The company’s cloud-based solutions enable enterprise

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EveryAction buys Blue State Digital’s BSD tools unit


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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EveryAction, which is backed by Insight Partners, has acquired Blue State Digital‘s BSD tools division. No financial terms were disclosed. Blue State Digital is a digital agency that focuses on causes and brands.

PRESS RELEASE

Washington, D.C., June 24, 2019 – EveryAction, a leading provider of software serving over 15,000 nonprofits, announced today that it has closed its third acquisition in the last six weeks, acquiring the BSD Tools division from Blue State Digital. The acquisition follows EveryAction’s strategy of bringing together the best people and giving them the resources to create the best SaaS products, that provide the most value to nonprofits. EveryAction acquired ActionKit on May 8, and acquired Donor Trends on June 6th.

Clients on the EveryAction and BSD Tools products will benefit in many ways, including by expanding the network effect of each company’s one-click contributions, with an active pool of

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Congruex buys Terra Technologies


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Congruex said June 24 that it acquired Terra Technologies LLC. Financial terms weren’t announced. Terra, of McHenry, Illinois, is a specialized civil engineering and construction firm. Congruex is backed by Crestview Partners.

PRESS RELEASE

CRESTVIEW PARTNERS-BACKED CONGRUEX ACQUIRES TERRA TECHNOLOGIES, LLC

— Terra Technologies is Congruex’s fifth acquisition —

— Further positions Congruex as one of the largest end-to-end telecom engineering and construction platforms in the United States —

Boulder, CO and McHenry, IL, June 24, 2019 – Congruex, a national end-to-end provider of design, engineering, construction, construction management and maintenance services to broadband service providers, today announced the acquisition of Terra Technologies, LLC. Financial terms of the transaction were not disclosed.

Founded in 2011, privately-held Terra Technologies is headquartered in McHenry, IL. The company is a specialized civil engineering and construction firm with a deep expertise in legal mandate projects involving the mandatory relocation of existing telecommunication lines in

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Main Capital invests in Onventis


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Main Capital said June 24 that it acquired a stake in Onventis. Financial terms weren’t announced. Onventis provides a cloud platform for e-procurement.

PRESS RELEASE
Main Capital acquires a majority stake in Onventis
Düsseldorf/Stuttgart, 24th of June 2019
Main Capital, in conjunction with the Onventis management team, has acquired a strategic stake in Onventis, a cloud-based platform provider for e-procurement. Through its rich set of functionalities, Onventis’s software offers both buyers and suppliers a user-friendly and fully-integrated suite to connect, automate and control the entire chain from sourcing to payment.
Founded in 2000 with headquarters in Stuttgart, Onventis has quickly grown into a leading, open procurement solution for the German Mittelstand. The Company’s offering steers procurement processes of direct and indirect materials in strategic and operational procurement. The Onventis procurement network channels more than Euro 5.5 billion purchasing volume per year for approx. 350,000 users and 35,000 suppliers globally.

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Pamlico to invest in Digitech


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Pamlico has agreed to make an investment in Chappaqua, New York-based Digitech Computer LLC, a provider of revenue cycle management and technology solutions for emergency medical services transport providers. No financial terms were disclosed.

PRESS RELEASE

CHAPPAQUA, NY – June 20, 2019 – Pamlico Capital (“Pamlico”) announced that it has entered into an agreement to make a strategic growth investment in Digitech Computer LLC (“Digitech”), a leading provider of Revenue Cycle Management (“RCM”) and technology solutions for Emergency Medical Services (“EMS”) transport providers. Founder and CEO Mark Schiowitz and the Digitech management team will maintain a significant ownership position and continue to manage the growth of the Company with support from Pamlico. Further terms of the transaction were not disclosed.

“This marks a new chapter for Digitech, and the next step in evolving the industry’s foremost billing platform dedicated solely to EMS,” said Mark Schiowitz, CEO of Digitech. “Our

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Paine-backed FoodChain ID buys Decernis


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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FoodChain ID, a portfolio company of Paine Schwartz Partners LLC, said June 19 that it acquired Decernis LLC. Financial terms weren’t announced. Decernis provides technology and content solutions for compliance, safety, and risk management.

PRESS RELEASE

DEERFIELD, Ill. and ROCKVILLE, Md., June 19, 2019 /PRNewswire/ — FoodChain ID (“FoodChain ID”), a Paine Schwartz Partners, LLC portfolio company and a market leading platform dedicated to providing technology enabled food safety, quality, and sustainability solutions, today announced that it has acquired Decernis LLC (“Decernis”), a leading provider of technology and content solutions for compliance, safety, and risk management.
Founded in 2003, with global headquarters near Washington, DC, USA, and a European regional office in Kelkheim, Germany, Decernis delivers global compliance and risk management systems and services in the food, consumer products, and chemical sectors. Decernis delivers enterprise solutions that integrate with client processes to give horizon scanning and predictive

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Paine-backed FoodChain ID buys Decernis


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




FoodChain ID, a portfolio company of Paine Schwartz Partners LLC, said June 19 that it acquired Decernis LLC. Financial terms weren’t announced. Decernis provides technology and content solutions for compliance, safety, and risk management.

PRESS RELEASE

DEERFIELD, Ill. and ROCKVILLE, Md., June 19, 2019 /PRNewswire/ — FoodChain ID (“FoodChain ID”), a Paine Schwartz Partners, LLC portfolio company and a market leading platform dedicated to providing technology enabled food safety, quality, and sustainability solutions, today announced that it has acquired Decernis LLC (“Decernis”), a leading provider of technology and content solutions for compliance, safety, and risk management.
Founded in 2003, with global headquarters near Washington, DC, USA, and a European regional office in Kelkheim, Germany, Decernis delivers global compliance and risk management systems and services in the food, consumer products, and chemical sectors. Decernis delivers enterprise solutions that integrate with client processes to give horizon scanning and predictive

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THL to buy AutoStore


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Thomas H. Lee Partners has agreed to acquire AutoStore, a Norwegian robotics and software company. No financial terms were disclosed. According to terms of the deal, EQT will retain a minority stake in the company. Morgan Stanley provided financial advice to THL. The transaction is expected to close during the third quarter of this year.

PRESS RELEASE

NEDRE VATS, NORWAY & BOSTON, MA – June 19, 2019 – Thomas H. Lee Partners, L.P. (“THL”), a premier private equity firm investing in growth companies, announced today a definitive agreement to acquire AutoStore (the “Company”), a leading robotics and software company providing automation technology to warehouse & distribution facilities around the world. Members of AutoStore’s senior management team and EQT, among others, will continue to hold minority positions in the Company. EQT will also remain on the Board alongside THL going forward. Terms of the transaction, which is expected to

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Thoma Bravo-backed Quorum Software acquires Archeio Technologies


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Quorum Software, a portfolio company of Thoma Bravo, has acquired Dallas-based Archeio Technologies, a provider of oil and gas document classification and smart search technology. No financial terms were disclosed.

PRESS RELEASE

HOUSTON–(BUSINESS WIRE)–Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it has acquired Dallas-based Archeio Technologies, the leading provider of oil and gas document classification and smart search technology. The acquisition expands and strengthens Quorum’s industry-leading software and services with a cloud-based document management tool built to make oil and gas operations more secure, agile and compliant.

“This is a natural fit into our portfolio and gives us a variety of opportunities to expand how we help our customers. The combination of Archeio and Quorum will increase the efficiency of workflows across our Upstream solutions,” said Gene Austin, chief executive officer

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Clearlake closes Dude Solutions buy


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Clearlake Capital Group LP said June 19 that it completed its previously announced buy of Dude Solutions. Waburg Pincus was the seller.

PRESS RELEASE

CLEARLAKE CAPITAL COMPLETES THE ACQUISITION OF DUDE SOLUTIONS
New buy and build platform investment in the SaaS leader for operations management

SANTA MONICA, CA and CARY, NC – June 19, 2019 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), announced that it has completed the acquisition of Dude Solutions, Inc. (“Dude Solutions” or the “Company”), the leading software-as-a-service (“SaaS”) provider of operations management solutions, from Warburg Pincus. The Company will continue to be led by Chief Executive Officer, Ed Roshitsh and the current management team, who are investing alongside Clearlake in the transaction.

Dude Solutions is a market leading provider of cloud-based operations management software that automates mission-critical enterprise asset management workflows such as work order, inventory, energy, capital planning, facility scheduling, and

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VMware to buy Avi Networks


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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VMware Inc, which is majority owned by Dell, is buying Avi Networks. Financial terms weren’t announced. Avi provides multi-cloud application delivery services. Mike Krigbaum and Jae Yoo of Morrison & Foerster provided legal advice to VMware.

PRESS RELEASE

VMware Announces Intent to Acquire Avi Networks
Avi Networks will Advance VMware’s Strategy for Bringing the Public Cloud Experience to the Entire Data Center
Acquisition will Extend VMware’s Networking and Security Portfolio with a
Modern, Software-Defined Application Delivery Controller
PALO ALTO, Calif., June 13, 2019 (GLOBE NEWSWIRE) — VMware, Inc. (NYSE: VMW), today announced its intent to acquire Avi Networks, a leader in multi-cloud application delivery services. Deployed today at hundreds of global enterprises—including Fortune 500 companies representing the world’s largest financial services, media, and technology companies—Avi Networks will further enable VMware to bring the public cloud experience to the entire data center—automated, highly scalable, and intrinsically more secure

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Hanover exits Audio Precision


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Hanover Partners has sold its ownership stake in Beaverton, Oregon-based Audio Precision, a maker of test and measurement instrumentation for audio products. No financial terms were disclosed.

PRESS RELEASE

Hanover Partners (“Hanover”) announces the sale of its ownership stake in Audio Precision (“AP”), a leading designer and manufacturer of test and measurement instrumentation for audio products.

Headquartered in Beaverton, Oregon, AP was formed over 30 years ago by four Textronix alumni and serves a worldwide customer base. The company’s sophisticated product suite of audio analyzers hardware and measurement software are used by engineers to design validate, and manufacture audio products for consumer, professional, and industrial end-markets. AP’s instruments are critical to OEMs’ development of consumer audio products such as smartphones, headphones, and speakers, as well as industrial technology and professional audio applications. Hanover acquired the company over a decade ago, and backed the business through multiple economic cycles. During

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Accel-KKR backs Cendyn


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Accel-KKR has made an investment in Cendyn, a provider of hotel CRM and hotel sales platforms for the hospitality industry. No financial terms were disclosed.

PRESS RELEASE

BOCA RATON, Fla., June 18, 2019 /PRNewswire/ — Cendyn, the leading provider of hotel CRM and hotel sales platforms for the hospitality industry today, announces a strategic follow on investment from Accel-KKR, a leading Silicon Valley based technology-focused investment firm.

This investment for Cendyn will enable the business to further scale and innovate its solutions for the hospitality industry. As part of the transaction, Charles Deyo, CEO & Founder will move to the role of investor and board member. Tim Sullivan will drive day-to-day operations of the business and serve as its President. The terms of the transaction were not disclosed.

“It has been an incredible journey seeing Cendyn grow since Robin and I founded the company over 20 years ago. We

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PE-backed ERP Power buys Lumenetix


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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ERP Power LLC, a portfolio company of Angeles Equity Partners LLC, has acquired California-based Lumenetix Inc, a provider of araya5 tunable color light engines and digital controls. No financial terms were disclosed.

PRESS RELEASE

LOS ANGELES–(BUSINESS WIRE)–ERP Power LLC (“ERP”), a portfolio company of Angeles Equity Partners, LLC (“Angeles”), and a leading provider of small, smart and connected LED drivers for the lighting industry, today announced the acquisition of Lumenetix Inc.

(“Lumenetix”). Lumenetix is the creator of the araya5 tunable color light engines and digital controls designed to deliver flawless interactive lighting experiences. The combination of patented tunable light from Lumenetix and precision power from ERP provides lighting designers with the industry’s first independent driver, light engine and digital controls embedded system. The innovative form factor is designed to reduce original equipment manufacturer complexity and accelerate LED lighting fixture time to market.

“We believe the combined company

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French payroll startup Payfit lands funding


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Payfit, a French payroll startup, has secured 70 million euros in funding. Eurazeo and Bpifrance led the round.

PRESS RELEASE

PARIS: Monday 17th June 2019, embargoed until 07:00 (06:00 UK)
Payfit has today confirmed that it has raised a new funding round of €70 million, taking total funding raised to €89 million in total. Eurazeo and Bpifrance have lead the latest round of investment, which also includes participation from prior investors Accel, Frst and Xavier Niel.

PayFit is pursuing its ambition to simplify human resources management for all SMEs in Europe. By digitalising these administrative and time-consuming tasks, PayFit frees up time for employers and employees, affording more time for the professional development of the employees of the SMEs that use PayFit.

Three years after launch, PayFit now serves over 3000 SMEs in France, Spain, Germany and The UK, and has 300 employees in its offices in Paris, Barcelona,

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PE-backed Peraton to acquire Solers


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Peraton, which is backed by Veritas Capital, has agreed to acquire Arlington, Virginia-based Solers Inc, a provider of software development and systems integration for space situational awareness, satellite ground systems and operations, cybersecurity engineering and enterprise cloud-based solutions. No financial terms were disclosed. KippsDeSanto provided financial advice to Solers on the deal while Macquarie Capital did likewise for Peraton.

PRESS RELEASE

HERNDON, Va., June 17, 2019 /PRNewswire/ — Peraton, a portfolio company of Veritas Capital, has entered into a definitive agreement to acquire Solers, Inc., a leading provider of software development and systems integration for space situational awareness, satellite ground systems and operations, cybersecurity engineering, and enterprise cloud-based solutions.

“The acquisition of Solers represents an important step in the execution of our growth strategy and serves as a true force multiplier for Peraton and our customers. By bringing together some of the most proven and

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PE-backed BARBRI buys The Center for Legal Studies


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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BARBRI Inc, which is backed by Leeds Equity Partners LLC, has acquired The Center for Legal Studies, a provider of online programs and training courses for paralegals and other legal support professionals. No financial terms were disclosed. Capstone served as financial adviser to CLS on the deal.

PRESS RELEASE

NEW YORK, June 13, 2019 /PRNewswire/ — BARBRI, Inc., a Leeds Equity Partners, LLC portfolio company, today announced the acquisition of The Center for Legal Studies (“CLS”), the leading provider of online programs and training courses for paralegals and other legal support professionals. Founded in 1980, CLS has trained over 75,000 paralegal and legal support professionals through online and live legal studies courses delivered in partnership with 182 colleges and universities. CLS represents the seventh acquisition since Leeds Equity’s investment for BARBRI, the premier provider of practical legal education in the U.S. and international markets. Terms

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VC-backed AppOnboard acquires Buildbox


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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AppOnboard has acquired Buildbox, a no-code mobile game developer. No financial terms were disclosed. AppOnboard is backed by BreakawayGrowth Fund, Korea Investment Partners, MTGx, Runa Capital, Troy Capital Partners and London Venture Partners.

PRESS RELEASE

LOS ANGELES–(BUSINESS WIRE)–AppOnboard, the leading no-code mobile app design and development platform, announced today the acquisition of Buildbox, the global leader in no-code mobile game development. Buildbox’s suite of tools has been used to create and power more than 45,000 unique games in 2018 alone and has driven over 3 billion estimated downloads in the app stores to-date.

“AppOnboard and Buildbox have long shared the mission of enabling makers, creatives, designers, artists, and anyone else to become creators of mobile apps and games,” announced Trey Smith, CEO of Buildbox. “Today, we are excited to join forces with AppOnboard and double-down on the no-code movement to empower the Maker Generation to bring their ideas to life

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Leeds-backed Exterro buys Jordan Lawrence Group.


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Exterro, a portfolio company of Leeds Equity Partners, said June 11 that it acquired Jordan Lawrence Group. Financial terms weren’t announced. Jordan Lawrence is a software and services company that provides privacy and information governance solutions to more than 1,000 corporations to help them manage corporate data.

PRESS RELEASE

Exterro, A Portfolio Company Of Leeds Equity Partners, Completes Acquisition Of Jordan Lawrence Group
NEW YORK, June 11, 2019 /PRNewswire/ — Exterro, a global provider of e-discovery and information governance software specifically designed for corporate legal and IT teams, today announced the acquisition of Jordan Lawrence Group, a leading provider of data privacy and data management software. For over 30 years, Jordan Lawrence has provided comprehensive privacy and information governance solutions to over 1,000 corporations to enable them to manage corporate data compliantly, defensibly and cost effectively. Exterro is a portfolio company of Leeds Equity Partners, the New York-based private

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Vista-backed Cvent acquires event app DoubleDutch


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Cvent has acquired San Francisco-based DoubleDutch, an event app. No financial terms were disclosed. Cvent is backed by Vista Equity Partners.

PRESS RELEASE

TYSONS, Va.–(BUSINESS WIRE)–Cvent, a market-leading meetings, events, and hospitality technology provider, today announced that it has acquired DoubleDutch, one of the unique leaders in the mobile event app industry based in San Francisco. The acquisition of DoubleDutch highlights Cvent’s investment in the mobile technology space and will complement and grow the company’s signature mobile event app and onsite solution capabilities.

Mobile event apps are an integral part of the attendee experience, facilitating – and capturing – engagement that leads to higher event ROI and attendee satisfaction. By acquiring DoubleDutch, Cvent is expanding its commitment to the critically important onsite experience.

“DoubleDutch is an innovator in the mobile event app space and both Cvent and DoubleDutch have a shared mission to unlock the business value of

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