Valuation for NIC MAP Vision, a Leading Data & Analytics Company for the Seniors Housing Sector
Ascento Capital provided a fair market valuation for NIC Map Vision to support a financing round. In March 2021, Ascento Capital advised The National Investment Center for Seniors Housing & Care (NIC) on a buy side engagement whereby it acquired senior living industry market analytics platform VisionLTC. Together they formed a new company called NIC MAP Vision.
StreamWeaver, a Leading AIOps Company, Sold to BMC, Backed by KKR
Ascento Capital represented StreamWeaver, a software company that helps enterprises achieve their end-to-end observability, AI operations (AIOps), and cloud migration with extensive industry-leading data integration capabilities. StreamWeaver enhances BMC's AIOps capabilities with a broad set of out-of-the-box data integrations built on a complementary, modern microservices-based architecture, which allows customers to achieve better incident and risk predictions, improved automated remediation, and increased support for DevOps and ServiceOps. BMC is backed by the private equity firm KKR.
Proant, a Swedish IoT company, Sold to Abracon, Backed by The Riverside Company
Ascento Capital represented Proant, a leading IoT antenna company in Sweden, on a sell side M&A transaction. After a global search with a wide outreach to over 100 targets, we had serious interest from companies in the US, Europe, and Asia and selected Abracon in the US for the best strategic fit. Proant's primary sector is utilities, which use Proant's antennas for enabling consumers to check their electricity consumption more regularly which lowers energy usage and helps the environment. Abracon is backed by the private equity firm The Riverside Company.
NIC, a data and analytics company for senior housing, acquired VisionLTC
Ascento Capital represented The National Investment Center for Seniors Housing & Care (NIC) in its acquisition of senior living industry market analytics platform VisionLTC. NIC and VisionLTC formed a new company NIC MAP Vision that includes the NIC MAP® Data Service and provides significantly deeper and broader data for industry stakeholders. More data for the senior housing sector attracts more capital to the sector which enables better care for senior citizens.
June.ai, an AI company, acquired by Nylas in Silicon Valley
Nylas, a leading provider of universal communications APIs for developers in Silicon Valley, acquired June.ai, a privately held technology company based in New York City. June.ai develops AI-powered productivity tools that perform autonomous tasks such as organizing messages, surfacing attachments, and automating responses.
Bookstr, a Digital Media Company, Sold in an MBO
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.
Strategic Repositioning for a Public Company
Ascento worked with the CEO of a public company that focused on domestic wireless antennas. Ascento recommended the acquisition of a European IoT company, thus garnering a higher revenue multiple by repositioning the company from a domestic antennae company to an international IoT company.
CrowdX Ltd, a Mobile Analytics Company, Sold to Cellwize
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.
Shopial, a Social Shopping Company, Sold to eCommerce Firm to Magento
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.
Baramundi Software, an Endpoint Management Company, Sold to Wittenstein
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.
Kanvas Labs, a Messaging App, Sold to Verizon (NYSE:VZ)
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.
Telecom Egypt (LSE: TEEG) on a Strategic Consulting project in the US
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.
Edgecase, an eCommerce Technology Platform, Sold to GroupBy
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.
Cloudbearing Sold to Comparex AG, a Billion-dollar German Company
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.
comScore, Inc. (NASDAQ:SCOR), Divestiture of Mobile Analytics Division
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.
Branderati, an Advocacy Marketing Company, Sold to Sprinklr, a Unicorn
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.
Swiss Mobility Solutions, an Analytics Company, Sold to Gemalto (EPA:GTO)
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.
Fathom SEO, Sold to PromiseONE, a Private Equity firm
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.
Gravitant, a Cloud Company, in an A Round Capital Raise with S3 Ventures
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.
Fairfield Maxwell, a Billion Dollar Family Fund, in a Spin-off of Mercury
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.
Jastec Co., Ltd. (TYO:9717), a Software Company, in a Tax Fairness Opinion
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.
QSGI Inc. (OTC:QSGI), an IT Services Company in the Acquisition of CCSI
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.
Authentidate (NASDAQ:ADAT) in a Spin-off of German Division
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.
Centripetal Capital Partners, a VC fund, in a Sale of its Portfolio Company
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.
VillageEDOCS, Inc. (OTCPK:VEDO) in the Acquisition of Questys Solutions
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.
Firstsource Solutions, Ltd. (NSE:FSL) Acquisition of MedAssist for $330M
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.
Authentidate (NASDAQ:ADAT), an IT Services Company, in a Fairness Opinion
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.
Bertelsmann AG (FRA:BTG4) in an investment in a Portfolio Company
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.
Syngence, a Search Company in Litigation Support, in a Fairness Opinion
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.
Firstsource Solutions, Ltd. (NSE:FSL), in the Acquisition of BPM, Inc.
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.
ITT (NYSE:ITT) in a Strategic Advisory Engagement on a Reorganization
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.
PPR Group (EPA:PP) in a Spin-off of Mobile Planet
Kering S.A. (previously 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.
Jastec Co., Ltd. (TYO:9717) in the Acquisition of LTU Technologies
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.