Ascento Capital was engaged to provide a fairness opinion for the COO of a private cybersecurity company. The detailed, defensible valuation of the company for $190 million was critical in winning a severance lawsuit.
Valuation for a Cybersecurity Company
Bookstr is a digital media and content company dedicated to books with over 1.5 million Facebook followers. Bookstr is dedicated to the discovery of new books and authors through social behavior online. After an extensive, global process, the shareholders sold the company to the management team.
Bookstr, a Digital Media Company, Sold in an MBO
Ascento worked with the CEO of a public company that focused on domestic wireless antennas. Ascento recommended the acquisition of a Scandanavian IoT company, thus garnering a higher revenue multiple by repositioning the company from a domestic antennae company to an international IoT company.
Strategic Repositioning for a Public Company
Cellwize, the leading Self-Organizing Network solutions provider, has acquired CrowdX, a provider of an innovative crowdsourcing solution, adding comprehensive insight into the end customer’s mobile experience. Cellwize’s offering is enhanced with crowdsourcing technology.
CrowdX Ltd, a Mobile Analytics Company, Sold to Cellwize
Ascento Capital was engaged to provide a fairness opinion for the CEO of a well-known brand name eCommerce company. The CEO and the company settled on a severance package to the satisfaction of the CEO based on the robust, defensible valuation.
Valuation for an eCommerce Company
Magento Commerce announced major enhancements to its flagship product, Magento Commerce Cloud, including new capabilities for shipping, content management, social commerce, payments, and business intelligence. The social commerce offering will be powered by Shopial.
Shopial, a Social Shopping Company, Sold to eCommerce Firm to Magento
Augsburg-based unified endpoint management specialist, baramundi software AG, will be part of WITTENSTEIN SE. The Augsburg-based company, founded in 2000, currently has more than 140 employees and has achieved continuous revenue growth of more than 20% in recent years.
Baramundi Software, an Endpoint Management Company, Sold to Wittenstein
AOL will continue to offer the existing Kanvas Labs products. Those include photo editing app Kanvas; Kanvas Keyboard, which allows users to add GIFs and stickers to their mobile conversations; and Kanvas for Messenger, which integrates into Facebook Messenger.
Kanvas Labs, a Messaging App, Sold to Verizon (NYSE:VZ)
Xceed, a subsidiary of Telecom Egypt, is the leading multilingual Business Process Outsourcing Service provider in EMEA region. The strategic consulting project helped formulate the long term international strategy for Xceed, which brings global brands closer to their customers.
Telecom Egypt (LSE: TEEG) on a Strategic Consulting project in the US
GroupBy Inc., a leading provider of relevancy-focused eCommerce solutions and one of Canada’s fastest growing technology companies, announced that it has acquired US-based product data enrichment software provider, Edgecase.
Edgecase, an eCommerce Technology Platform, Sold to GroupBy
Comparex specializes in license management, software procurement, and technical product consulting, and has employees in 31 countries. Cloudbearing will help drive its U.S. position. Cloudbearing offers managed support services and training in addition to Office 365 migrations.
Cloudbearing Sold to Comparex AG, a Billion-dollar German Company
comScore's Division focuses on providing telco analytics solutions to the Marketing and Customer Care departments in mobile operators, focusing on helping capture, retain, and monetize customers and increase first call resolution and device returns.
comScore, Inc. (NASDAQ:SCOR), Divestiture of Mobile Analytics Division
Sprinklr offers the world’s only Experience Cloud™ technology platform, purpose built to help brands create, manage, and optimize valuable social experiences. Branderati offers turnkey strategic services and a robust influencer marketing platform.
Branderati, an Advocacy Marketing Company, Sold to Sprinklr, a Unicorn
Gemalto is the leader in digital security. Swiss Mobility Solutions offers a CEM (Customer Experience Management) platform and service that provide insights and analysis into mobile broadband network performance and subscribers' perceived quality of experience.
Swiss Mobility Solutions, an Analytics Company, Sold to Gemalto (EPA:GTO)
Fathom SEO, LLC is an online marketing company. It offers search engine marketing, search engine optimization, multilateral online marketing, Internet video marketing. Fathom SEO, LLC was founded in 1997 and is based in Valley View, Ohio.
Fathom SEO, Sold to PromiseONE, a Private Equity firm
Gravitant is a software company that helps businesses broker software and computing deals with multiple suppliers across hybrid clouds. It’s part of a big shift among big companies seeking to bolster their hybrid cloud offerings. IBM subsequently acquired Gravitant.
Gravitant, a Cloud Company, in an A Round Capital Raise with S3 Ventures
Online fundraising innovator, 2Dialog, a Social Sector Ventures portfolio company, has acquired Mercury Communications, a technology provider specializing in social fundraising solutions. MCG provides technology for peer-to-peer fundraising.
Fairfield Maxwell, a Billion Dollar Family Fund, in Spin-off of Mercury
JASTEC Co., Ltd was founded in Tokyo, Japan in 1971 by a young entrepreneurial systems engineer named Shigeru Kamiyama and his colleagues. Their mission was to create a company that would offer services and solutions to remedy the needs of the chaotic software industry in Japan.
Jastec Co., Ltd. (TYO:9717), a Software Company, in a Tax Fairness Opinion
QSGI Inc., the only provider of a full suite of information technology services, today announced that it has completed the acquisition of Contemporary Computer Services, Inc. (CCSI) for an upfront amount plus an additional stock earn out based on CCSI achieving certain milestones.
QSGI Inc. (OTC:QSGI), an IT Services Company in the Acquisition of CCSI
Authentidate Holding Corp. is a provider of secure web-based software applications and telehealth products and services that enable healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows.
Authentidate (NASDAQ:ADAT) in a Spin-off of German Division
Olympusat, Inc., one of the largest independent media companies specializing in the ownership, distribution, production and technical services of Spanish and English-language networks. Centripetal Capital Partners is a multi-stage venture capital fund with an innovative structure.
Centripetal Capital Partners, a VC fund, in a Sale of its Portfolio Company
VillageEDOCS, Inc., a Solution as a Service (SaaS) company, announced recently that it has successfully closed the acquisition of Decision Management Company, Inc., DBA Questys Solutions, a privately held document/content management and automated data capture software developer.
VillageEDOCS, Inc. (OTCPK:VEDO) in the Acquisition of Questys Solutions
India's Firstsource acquired the U.S. medical billing and collections outsourcer MedAssist Holding for $330 million. The news took Firstsource shares up 10% on the Bombay Stock Exchange to close at 79.40 rupees ($1.94). The health-care space in the U.S. is a tremendously attractive market.
Firstsource Solutions, Ltd. (NSE:FSL) Acquisition of MedAssist for $330M
Founded in 1996, DocStar is a software company that provides Document management software, enterprise content management solutions, Accounts Payable Automation solutions and electronic Forms, available on-premises or as a cloud hosted service in the SaaS model.
Authentidate (NASDAQ:ADAT), an IT Services Company, in a Fairness Opinion
Bertelsmann, a large public Germany media company, had a portfolio company Vocel, a mobile marketing company, which received an investment from Motorola, a worldwide dominant player in mobile infrastructure.
Bertelsmann AG (FRA:BTG4) in an investment in a Portfolio Company
Syngence Corporation engages in the development and provision of automated, computer-based document indexing, and search products and services for litigation support in the United States. Its products include search-related document management applications as a bundled suite.
Syngence, a Search Company in Litigation Support, in a Fairness Opinion
Firstsource Solutions Ltd has announced that it has completed the acquisition of BPM Inc., a Delaware-based healthcare claims outsourcing company in the US. The acquisition includes BPM Inc.'s two wholly-owned operating subsidiaries, MedPlans 2000 Inc. and MedPlans Partners, Inc.
Firstsource Solutions, Ltd. (NSE:FSL), in the Acquisition of BPM, Inc.
ITT Inc. is an American worldwide manufacturing company based in White Plains, New York. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT needed assistance with reorganizing their defense assets in this highly classified assignment.
ITT (NYSE:ITT) in a Strategic Advisory Engagement on a Reorganization
PPR spun off its mobile device retail division to eXpansys. PPR, which later changed its name to Kering S.A., is an international luxury group based in Paris, France. eXpansys is based in the United Kingdom. The search for an acquirer of PPR's mobile device retail division spanned the globe.
PPR Group (EPA:PP) in a Spin-off of Mobile Planet
LTU technologies is a company in the field of image recognition for commercial and government customers. The company provides technologies for image matching, similarity and color search for integration into applications.
Jastec Co., Ltd. (TYO:9717) in the Acquisition of LTU Technologies