New and Noteworthy

Aeris Partners Serves as the Exclusive M&A Advisor to WorkWave on its Pending Acquisition by IFS / Aeris Press Release

Aeris is pleased to announce WorkWave, a leading provider of Software-as-a-Service (SaaS) field service management, fleet management, and marketing automation solutions, is being acquired by IFS

BOSTON, MA (October 9, 2017) – Aeris Partners is pleased to announce WorkWave, a leading provider of Software-as-a-Service (SaaS) field service management, fleet management, and marketing automation solutions, is being acquired by IFS, a portfolio company of EQT, and a leading provider of enterprise software solutions to more than one million users globally.

Aeris Partners served as the exclusive financial advisor to WorkWave shareholders and management, and the transaction is expected to close in Q4 2017.

WorkWave’s scalable suite of cloud-based solutions seamlessly integrates back-office, field, and front-end marketing operations for more than 7,300 SMB and enterprise-scale field service management clients throughout the U.S. and more than 35 countries worldwide. WorkWave’s ability to streamline scheduling, planning and billing, increase field visibility and productivity, and automate marketing and sales activities increases efficiency, productivity, revenue, service quality, and customer satisfaction for its clients. 

“WorkWave’s unwavering commitment to product innovation, best-in-class customer support, and the ongoing success of its SMB and enterprise clients is fueling record growth, momentum, and success for the Company,” said David Joncas, Managing Director of Aeris Partners.  “We were honored to advise WorkWave’s shareholders and management team on the transaction.”

“WorkWave’s longstanding track record of market leadership and strong organic growth is truly impressive,” said Derek Swaim, Managing Director of Aeris Partners. “WorkWave is a world-class organization and we’re confident the Company has found an ideal partner in IFS and EQT.”

About WorkWave
WorkWave is dedicated to simplifying the complexity of running field service and other last mile delivery and logistics businesses.  The company’s suite of solutions, which include, among others, PestPac®, WorkWave Service™, ServiceCEO™, WorkWave Route Manager™, WorkWave GPS™, GPS Heroes™ and ContactUs™, allow WorkWave clients to easily improve their back-office efficiency, increase visibility & productivity of field operations, and enhance sales, marketing and customer service through a single, easy to use interface. WorkWave’s platform provides its 7,300+ clients an unprecedented level of business insight and information, enabling them to improve efficiency, increase revenue and provide a 5-Star customer experience. Founded in 1984, WorkWave has been recognized with multiple awards for its outstanding growth and culture, including the Inc. 5000, SaaS Award, and Best Place to Work by NJBiz & Inc. Magazine. For more information, visit: www.workwave.com

About IFS
IFS™, headquartered in Linköping, Sweden, develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. IFS’ industry expertise, people and solutions, together with its commitment to customers, has made IFS a recognized leader and the most recommended supplier in its sector. IFS’ team of 3,300 employees supports more than one million users worldwide from a network of local offices and through a growing ecosystem of partners. For more information, visit: IFSworld.com

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in the US, Europe, and Asia with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence, and market leadership. For more information, visit: www.eqtpartners.com

About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to leading technology companies, private equity investors, and venture capital firms spanning the software, SaaS (Software-as-a-Service), business information, and technology-enabled sectors, and a range of high-growth market verticals including healthcare (HCIT), financial technology (FinTech), architecture, engineering and construction (AEC), education (EdTech), analytics, transportation and logistics, and the public sector, among others. Aeris leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $20 billion of M&A advisory assignments to date. For more information, please visit: www.aerispartners.com

Aeris Partners Contact Information:
• David Joncas, Managing Director, (617) 751-4017, dwj@aerispartners.com
• Derek Swaim, Managing Director, (617) 751-4014, dms@aerispartners.com
• Stephen O’Leary, Managing Director, (617) 751-4023, sjo@aerispartners.com
• Rahul Swani, Managing Director, (617) 751-4025, rs@aerisparthers.com

Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC

More

Aeris Serves as the Exclusive M&A Advisor to Cycle Computing on its Strategic Acquisition by Microsoft / Microsoft Release

Microsoft Acquires Cycle Computing to Accelerate Big Computing in the Cloud

Seattle, WA (Aug 15, 2017) - Jason Zander - Corporate Vice President, Microsoft Azure

From finding a cure for cancer to making vehicles safer to fulfilling the promises of artificial intelligence, today’s complex problems require the ability to harness massive amounts of computing power. For too long, Big Computing has been accessible only to the most well-funded organizations. At Microsoft, we believe that access to Big Computing capabilities in the cloud has the power to transform many businesses and will be at the forefront of breakthrough experimentation and innovation in the decades to come. Thus far, we have made significant investments across our infrastructure, services and partner ecosystem to realize this vision.

As a further step in this direction, I’m pleased to share that we’ve acquired Cycle Computing, a leader in cloud computing orchestration, to help make it easier than ever for customers to use High-Performance Computing (HPC) and other Big Computing capabilities in the cloud. The cloud is quickly changing the world of Big Compute, giving customers the on-demand power and infrastructure necessary to run massive workloads at scale without the overhead. Your compute power is no longer measured or limited by the square footage of your data center.

Azure has a massive global footprint and, more than any other major cloud provider. It also has powerful infrastructure, InfiniBand support for fast networking and state-of-the-art GPU capabilities. Combining the most specialized Big Compute infrastructure available in the public cloud with Cycle Computing’s technology and years of experience with the world’s largest supercomputers, we open up many new possibilities. Most importantly, Cycle Computing will help customers accelerate their movement to the cloud, and make it easy to take advantage of the most performant and compliant infrastructure available in the public cloud today.

We’ve already seen explosive growth on Azure in the areas of artificial intelligence, the Internet of Things and deep learning. As customers continue to look for faster, more efficient ways to run their workloads, Cycle Computing’s depth and expertise around massively scalable applications make them a great fit to join our Microsoft team. Their technology will further enhance our support of Linux HPC workloads and make it easier to extend on-premise workloads to the cloud.

Customers like the City of Hope and MetLife have already benefited from the flexibility and scalability of Azure HPC data-processing capabilities to achieve faster and more accurate results, while saving significant infrastructure costs. We look forward to hearing many more success stories from other customers as well, and we’re excited for you to put Azure to the test.

In the meantime, I’m excited to welcome the Cycle Computing team to Microsoft, and look forward to seeing the impact their technology and talent will have on Azure and the customer experience.

More

Aeris Serves as the Exclusive M&A Advisor to Dexter + Chaney and Pamlico Capital / Client Press Release

Viewpoint and Bain Capital Acquire Dexter + Chaney, a Leading Provider of ERP Software to the Construction Industry

SEATTLE, WA and CHARLOTTE, NC (July 24, 2017) - Pamlico Capital (“Pamlico”), a leading middle market private equity firm focused on growth oriented businesses, has closed the previously announced sale of its portfolio company Dexter & Chaney, LLC (“Dexter + Chaney”) to Viewpoint Construction Software (“Viewpoint”).  Terms of the transaction were not disclosed.

Headquartered in Seattle, Washington and founded in 1981, Dexter + Chaney is a leading provider of financial and operational management software for construction contractors. The Company’s product, Spectrum® Construction Software, is an integral component of daily operations for more than 1,100 contractors. Pamlico acquired Dexter + Chaney in partnership with management in December 2014.  Since that time, Pamlico has helped recruit a world-class management team, adding key executives including Brian Rice (Chief Financial Officer), Eric Newton (SVP of Sales and Marketing), and Scott Rosenbloom (VP Strategy), and has assisted the team with accelerating growth through various strategic initiatives, including investments in product development and sales and marketing.

“After spending 35 years in business with no external funding, we feel very fortunate to have chosen Pamlico as our first investor.  Their insights, strategic guidance, and support have helped us achieve fantastic growth over the last few years," said Dexter + Chaney founder and Executive Chairman John Chaney. Norbert Orth, President and CEO, added, "Pamlico’s partnership allowed us to achieve our strategic growth initiatives around increasing market share and extending product leadership. We are grateful for our partnership and are now excited to be joining Viewpoint to further expand our capabilities for our valued customers.”

Walker Simmons, Partner at Pamlico, said, “We really enjoyed working with John Chaney, Norbert Orth, and the entire Dexter + Chaney team.  They are talented operators and we are thankful to have had the opportunity to help them achieve their vision for Dexter + Chaney.”  Pamlico Partner Eric Wilkins added, “Our investment thesis in the construction technology space led us to Dexter + Chaney.  This transaction validates the strength of the Spectrum® Construction Software product and the hard work by the entire Dexter + Chaney team, who we thank for their efforts on behalf of Pamlico and wish continued success as part of Viewpoint.”

Dexter + Chaney and Pamlico were advised by Aeris Partners (financial advisor) and Troutman Sanders LLP (legal advisor).

About Dexter + Chaney

Dexter + Chaney is a provider of cloud-based construction ERP software. From the office to the field, and from accounting to project management, Dexter + Chaney has been providing complete construction management software for more than 35 years. Dexter + Chaney serves more than 1,100 contractors across all construction segments, including heavy/highway and utility, general contractors, electrical, mechanical, and specialty subcontractors, and across all sizes, from locally owned subcontractors to some of the world’s largest construction firms.  Dexter + Chaney’s web-based software applications allow customers to get work done anywhere using any device with a web browser and without the need to download any software. For more information, please visit www.dexterchaney.com.

About Pamlico Capital

Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in the U.S. Pamlico Capital seeks control-oriented growth equity and buyout investments of up to $100 million alongside proven management teams in its target industries: Business & Technology Services, Communications, and Healthcare. Since inception, the firm, based in Charlotte, NC, has invested over $2.5 billion. For additional information, please visit www.pamlicocapital.com.

About Viewpoint

Viewpoint is a global provider of innovative construction-specific software solutions and services for the AEC and asset owner markets.   Viewpoint’s comprehensive solution suite addresses the needs of the office, extended project team and field for improved visibility, accuracy and control.  Viewpoint solutions cover the full project lifecycle, from preconstruction to construction and facilities maintenance.  Viewpoint’s  products are web and mobile ready and are offered in cloud or on-premises deployment options. Headquartered in Portland, Oregon, USA, and with offices in the UK and Australia, Viewpoint has become the technology partner of choice, with customers located in more than 28 countries. For more information, please visit www.viewpoint.com.

Source: Pamlico Capital

More

Aeris Partners Advises Grammarly on its $110 Million Minority Investment / Aeris Press Release

Aeris Continues Exceptional Momentum Advising Market-Leading SaaS Companies

BOSTON, Mass. (May 9, 2017) – Aeris Partners is pleased to announce that Grammarly received a $110 million minority investment, the Company’s first institutional funding. Grammarly’s communication assistant uses artificial intelligence to help users worldwide write clearly, effectively, and accurately.   Aeris Partners served as the exclusive financial advisor to Grammarly.

Grammarly was founded in 2009 and had been bootstrapped since inception.   General Catalyst Partners led the financing round with participation from Breyer Capital, IVP, SignalFire and Spark Capital.  Grammarly currently supports more than 6.9 million daily active users, including consumers, students and professionals. 

“Grammarly is a truly exceptional company and the management team of Brad Hoover, Max Lytvyn and Alex Shevchenko represents the kind of extraordinary business and technical talent that Aeris seeks to work with,” said Stephen O’Leary, Managing Director of Aeris Partners.  “The team combines a bold strategic vision with impressive execution.”

“We enjoyed the close collaboration with management in orchestrating a thoughtful and thorough process” noted Rahul Swani, Managing Director of Aeris Partners.

“We appreciate the close support, guidance and exceptional execution that Aeris provided” added Brad Hoover, Grammarly’s Chief Executive Officer. 

About Grammarly
Grammarly’s AI-powered products help people communicate more effectively. Millions of users rely on Grammarly every day to make their messages, documents, and social media posts clear, mistake-free, and impactful. Grammarly is an Inc. 500 company headquartered in San Francisco with offices in New York and Kyiv.

About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to leading technology companies, private equity investors and venture capital firms spanning the software, SaaS, business information and technology-enabled services sectors, and a range of high-growth market verticals including healthcare IT; education technology; financial technology; architecture, engineering and construction (AEC); analytics and AI; transportation and logistics; and public sector, among others.  Aeris leverages extensive technology domain expertise and an unparalleled commitment to delivering superior outcomes on each of its transactions. The firm’s senior leadership team has successfully completed more than $18 billion of M&A advisory assignments to date. For more information, please visit www.aerispartners.com.

Contact Information:
• Stephen O’Leary, Managing Director, (617) 751-4023, sjo@aerispartners.com
• Rahul Swani, Managing Director, (617) 751.4025, rs@aerispartners.com
• David Joncas, Managing Director, (617) 751-4017, dwj@aerispartners.com
• Derek Swaim, Managing Director, (617) 751-4014, dms@aerispartners.com

Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC

More

Aeris Partners Advises ConstructConnect on its Strategic Acquisition by Roper Technologies / Aeris Press Release

Aeris completes seven AEC software and SaaS M&A advisory assignments in approximately 24 months

BOSTON, MA (October 31, 2016) – Aeris Partners is pleased to announce ConstructConnect, the leading provider of cloud-based data, collaboration, and workflow automation solutions to the commercial construction industry, is being acquired by Roper Technologies. Aeris Partners and Guggenheim Securities served as the exclusive sell-side M&A advisors to ConstructConnect and its majority investors, Genstar Capital and Warburg Pincus.

ConstructConnect leverages the industry’s largest cloud-based data and collaboration platform to automate commercial pre-construction processes for more than 800,000 registered users, including general contractors, subcontractors, building product manufacturers, architects, engineers, and project owners. The ConstructConnect platform managed more than 400,000 active construction projects and 55 million invitations to bid over the past 12 months.

The transaction is expected to close on October 31, 2016.

Aeris Partners has successfully completed seven architecture, engineering and construction (AEC) software and SaaS M&A assignments in approximately 24 months, including the acquisitions of iSqFt and BidClerk by Genstar Capital in 2014, and the acquisition of On Center Software by Roper Technologies in 2015. Recent AEC software and SaaS transactions completed by Aeris include:

- Acquisition of iSqFt by Genstar Capital;
- Acquisition of BidClerk by Genstar Capital;
- Acquisition of Axium by Deltek;
- Acquisition of FiveCubits by Command Alkon;
- Acquisition of On Center Software by Roper Technologies; and
- Acquisition of Ecosys by Hexagon AB.

“Dave Conway and the ConstructConnect team have been innovators and a true driving force in the industry for more than a decade. The Company’s cloud-based platform and network of more than 800,000 registered users has transformed the industry’s approach to commercial pre-construction coordination, collaboration and bidding. ConstructConnect has done an incredible job, and we were honored to advise management, Genstar Capital, and Warburg Pincus on the transaction,” said David Joncas, Managing Director with Aeris Partners.

About ConstructConnect
ConstructConnect’s collaborative network empowers the construction industry to be more successful with access to relevant information through easy to use technology.  Headquartered in Cincinnati, Ohio and with eight other offices in the US and Canada, ConstructConnect brings project participants together throughout North America with the most complete, accurate and actionable construction data to drive success in their markets. For more information, visit www.constructconnect.com.

About Genstar Capital
Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $5 billion and targets investments focused on selected sectors within the industrial technology, software, healthcare, and financial services industries. For more information, please visit www.gencap.com.

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm’s active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value, and they have been among the most active investors in marketplace businesses globally with current and former investments including 58.com, Quikr, Koudai, CarTrade, GO-JEK, GrubHub Seamless, A Place for Mom, and Slickdeals. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $58 billion in over 760 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore. For more information please visit www.warburgpincus.com.

About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to leading technology companies, private equity investors, and venture capital firms spanning the software, SaaS (Software-as-a-Service), business information, and technology-enabled sectors, and a range of high-growth market verticals including healthcare (HCIT), financial technology (FinTech), architecture, engineering and construction (AEC), education (EdTech), analytics, transportation and logistics, and the public sector, among others. Aeris leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $18 billion of M&A advisory assignments to date. For more information, please visit www.aerispartners.com.

Aeris Partners Contact Information:
• David Joncas, Managing Director, (617) 751-4017, dwj@aerispartners.com
• Stephen O’Leary, Managing Director, (617) 751-4023, sjo@aerispartners.com
• Derek Swaim, Managing Director, (617) 751-4014, dms@aerispartners.com

Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC
 

More

Aeris Partners Advises Finalsite on Acquisition by Bridge Growth Equity / Aeris Press Release

Aeris Partners Advises Finalsite, a Leading Provider of SaaS-Based Learning and Communications Solutions to K-12 and Higher Education Institutions

BOSTON, MA (September 8, 2016) – Aeris Partners is pleased to announce Finalsite, a leading provider of SaaS-based learning and communications solutions to more than 1,500 independent and public K-12 schools and higher education institutions worldwide, has been acquired by Bridge Growth Partners (“Bridge Growth”), a leading growth-oriented private equity firm. Aeris Partners served as the exclusive M&A adviser to Finalsite and its majority owner Spectrum Equity. The transaction closed on August 31, 2016.

Finalsite, based in Glastonbury, CT, serves leading independent K-12 schools, public school districts, higher education institutions, and not-for-profit organizations in 70 countries worldwide. Finalsite’s central web hub improves communication, collaboration, operations and workflow by seamlessly connecting administrators, parents, students, teachers and alumni through an integrated suite of desktop and mobile applications. Finalsite delivers a suite of best-in-class content management (CMS), admissions and enrollment, learning management (LMS), and data and analytics solutions in support of the entire student lifecycle.

“Finalsite’s commitment to technology innovation and superior client service underpins a longstanding track record of growth and success. It was a privilege to advise Spectrum Equity, Finalsite’s CEO Jon Moser, and the Finalsite management team on the transaction and we’re confident the Company has found an outstanding new partner in Bridge Growth,” said David Joncas, Managing Director with Aeris Partners.

“The EdTech market continues to evolve at a rapid pace. Schools face increasing pressure to attract and retain students, improve communications, and respond to changing technology demands. Finalsite’s solutions enable schools to efficiently engage students and parents and improve collaboration among faculty and administrators. The Finalsite solution suite is truly best-in-class,” said Rahul Swani, Principal with Aeris Partners.

About Finalsite
Finalsite's online learning and communications platform is utilized by over 1,500 schools and educational organizations across 70 countries and as many as 1 million unique users per day around the world. The platform manages all aspects of a school’s web presence and facilitates the distribution of digital content across school communities and in classrooms via a proprietary, SaaS-based software suite accessed through desktops and mobile devices. In addition, Finalsite's software enables customers to engage dynamically with a wide range of third party data providers including student information systems, learning systems and social media applications. Finalsite is based in Glastonbury, CT. For more information, please visit http://www.finalsite.com.

About Spectrum Equity
Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.  For more than 20 years, the firm has partnered with exceptional entrepreneurs and management teams to build long-term value in market-leading internet, software and information services companies.  Representative investments include Ancestry.com, Bats GlobalMarkets, Grubhub, lynda.com, GoodRx, SurveyMonkey, TeachersPayTeachers and Verafin.  For more information, please visit www.spectrumequity.com.

About Bridge Growth Partners
Bridge Growth Partners, LLC is a uniquely-structured, growth-oriented private equity firm that focuses on investments in the technology and technology-enabled financial services sectors. Bridge Growth was founded with the goal of bringing together significant investment, financial, operating, and strategic business building expertise and talent. For more information about Bridge Growth Partners, please visit www.bridgegrowthpartners.com.

About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to leading technology companies, private equity investors, and venture capital firms spanning the software, SaaS (Software-as-a-Service), business information, and technology-enabled sectors, and a range of high-growth market verticals including healthcare (HCIT), education (EdTech), financial technology (FinTech), architecture, engineering and construction (AEC), analytics, transportation, legal, and the public sector, among others. Aeris Partners leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $18 billion of M&A advisory assignments to date. For more information, please visit www.aerispartners.com.

Aeris Partners Contact Information:
• David Joncas, Managing Director, (617) 751-4017, dwj@aerispartners.com
• Rahul Swani, Principal, (617) 751-4025, rs@aerispartners.com

Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC

More

Aeris Partners Advises Navicure on Strategic Investment by Bain Capital Private Equity / Aeris Press Release

Aeris Partners Advises Navicure, Industry-Leading Provider of Healthcare Revenue Cycle Management SaaS Solutions, on a Strategic Investment from Bain Capital Private Equity

BOSTON, MA (June 15, 2016) – Aeris Partners is pleased to announce Navicure, a leading provider of cloud-based revenue cycle management, patient payment, and analytics solutions to more than 90,000 healthcare providers throughout the U.S., has entered into a definitive agreement to receive a strategic investment from Bain Capital Private Equity, a leading global private investment firm. Navicure increases revenue, accelerates cash flow, and reduces costs for practice- and hospital-based healthcare providers by leveraging a best-in-class suite of revenue cycle management solutions designed to optimize revenue cycle speed, accuracy and automation.  Financial terms of the transaction were not disclosed.

Aeris Partners served as the exclusive M&A advisor to Navicure and JMI Equity. The transaction is expected to close in July 2016.

“Navicure’s cloud-based solutions are truly mission critical, especially in light of increased revenue cycle complexity, provider reimbursement trends, and an ongoing shift to value-based care. Navicure’s commitment to innovation, market leadership, and superior client service is driving strong growth and the Company is incredibly well positioned for the future. We’re excited for Jim Denny and the Navicure team, and believe Bain Capital will be an exceptional partner throughout the Company’s next phase of growth,” said David Joncas, Managing Director with Aeris Partners.

About Navicure
Navicure’s cloud-based healthcare claims management and patient payment solutions help healthcare organizations of all sizes increase revenue, accelerate cash flow, and reduce costs associated with managing insurance claims and patient payments. Serving more than 90,000 healthcare providers nationwide, Navicure’s technology solutions automate account receivables processes, including claims management; patient eligibility verification; remittance and denial management including automated secondary claims filing, appeals, and posting; reporting and analysis; and patient payment collections at and near the time of service. Navicure’s solutions are supported by its unique 3-Ring® Client Service which guarantees that a client service representative will answer every client call in three rings or less. Navicure is the exclusive billing and patient payment solution of the MGMA Executive Partner network. For more information, please visit http://www.navicure.com, or follow @Navicure on Twitter.

About Bain Capital Private Equity
Bain Capital Private Equity (http://www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since their founding in 1984. Bain Capital’s team of more than 400 investment professionals creates value for their portfolio companies through their global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials, and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.

About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to leading technology companies, private equity investors, and venture capital firms spanning the software, SaaS (Software-as-a-Service), business information, and technology-enabled sectors, and a range of high-growth market verticals including healthcare (HCIT), financial technology (FinTech), architecture, engineering and construction (AEC), education (EdTech), analytics, transportation, legal, and the public sector, among others. Aeris Partners leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $18 billion of M&A advisory assignments to date. For more information, please visit www.aerispartners.com.

Aeris Partners Contact Information:
• David Joncas, Managing Director, (617) 751-4017, dwj@aerispartners.com
• Stephen O’Leary, Managing Director, (617) 751-4023, sjo@aerispartners.com
• Derek Swaim, Managing Director, (617) 751-4014, dms@aerispartners.com

Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC
 

More

Aeris Advises Ecosys on Acquisition by Hexagon AB / Aeris Press Release

Aeris Advises Ecosys, a Leading Provider of Enterprise Project Controls Software, on Acquisition by Hexagon AB, and Continues Strong Software and SaaS M&A Advisory Momentum

BOSTON, Mass. (September 10, 2015) – Aeris Partners is pleased to announce that Hexagon AB (STO: HEXAB), a leading global provider of geospatial and industrial enterprise technology applications, through its U.S. subsidiary Intergraph Corporation, is acquiring EcoSys of Broomfield, CO, a leading provider of enterprise project controls (EPC) software and SaaS solutions. The transaction is expected to close following the completion of customary closing conditions. Aeris served as the exclusive sell-side M&A advisor to EcoSys.

EcoSys’ flagship solution, EcoSys EPC, helps leading Engineering & Construction, Oil, Gas & Chemical, Utilities, Aerospace & Defense, Government, and Transportation organizations manage some of the world’s most complex and capital intensive projects by improving project costs, project resource management, and all facets of project performance. Ecosys EPC supports the full spectrum of project control requirements, including budgeting and forecasting, progress measurement, performance and earned value management, workforce planning, data integration and reporting.

“EcoSys EPC addresses a critical need for comprehensive and configurable enterprise project controls software solutions. The combination of EcoSys’ extraordinary domain expertise, best-in-class project controls software, and strong sales and marketing execution have fueled the Company’s exceptional growth. We greatly enjoyed working with the EcoSys management team on this transaction,” said Derek Swaim, Managing Director at Aeris Partners.

“We are delighted that EcoSys and Hexagon have joined forces,” said Stephen O’Leary, Managing Director at Aeris Partners. “EcoSys and Hexagon share an entrepreneurial spirit and an unwavering commitment to serve industrial enterprises with solutions that harness the power of project data and analytics to enable cost control, business agility, and project optimization. We are proud to have advised the EcoSys founders on this transaction.”

About Aeris Partners

Aeris Partners provides premium strategic M&A advisory services to leading technology companies, private equity investors, and venture capital firms spanning the software, SaaS (Software-as-a-Service), business information, and technology-enabled services sectors, and across a range of high-growth industry verticals including healthcare (HCIT), financial technology (FinTech), architecture, engineering and construction (AEC), education (EdTech), analytics, transportation, legal, and government, among others. Aeris Partners leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $18 billion of M&A advisory assignments to date. For more information, please visit http://aerispartners.com.

Contact Information:
• Stephen O’Leary, Managing Director, sjo@aerispartners.com
• Derek Swaim, Managing Director, dms@aerispartners.com
• David Joncas, Managing Director, dwj@aerispartners.com

Aeris Partners LLC is a registered broker‐dealer and member of FINRA and SIPC
 

More

Aeris Advises On Center Software on Acquisition by Roper Technologies / Aeris Press Release

Aeris completes six architecture, engineering and construction (AEC) software M&A transactions in the past 16 months

BOSTON, Mass. (July 20, 2015) – Aeris Partners is pleased to announce On Center Software (“On Center”), a leading provider of construction automation software solutions to more than 40,000 users worldwide, has been acquired by Roper Technologies (NYSE: ROP), a leading provider of diversified technology, software and SaaS solutions. Aeris Partners served as the exclusive M&A advisor to On Center Software and Accel-KKR, and the transaction closed on July 20, 2015. Aeris has completed six architecture, engineering and construction (AEC) software M&A transactions since 2014.

“On Center Software is a true industry pioneer with a sterling reputation and brand, as evidenced by the Company’s strong growth, customer retention and customer satisfaction. The Company’s solutions help thousands of construction industry participants in more than 60 countries improve efficiency, increase revenue and reduce costs through improved automation, collaboration and workflow. The Company is ideally positioned at the center of the AEC lifecycle, and we’re delighted management has found such a great partner in Roper Technologies. It was an honor to advise On Center Software and Accel-KKR on the transaction,” said David Joncas, Managing Director with Aeris Partners.

About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to leading technology companies, private equity investors, and venture capital firms spanning the software, SaaS (Software-as-a-Service), business information, and technology-enabled sectors, and a range of high-growth market verticals including healthcare (HCIT), financial technology (FinTech), architecture, engineering and construction (AEC), education (EdTech), analytics, transportation, legal, and government, among others. Aeris Partners leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $17 billion of M&A advisory assignments to date. For more information, please visit http://aerispartners.com.

Contact Information:
• David Joncas, Managing Director, dwj@aerispartners.com
• Stephen O’Leary, Managing Director, sjo@aerispartners.com
• Derek Swaim, Managing Director, dms@aerispartners.com

Aeris Partners LLC is a registered broker‐dealer and member of FINRA and SIPC

More

Aeris Completes More Than $1.0 Billion of Tech M&A Transactions / Aeris Press Release

Aeris Continues Strong Software and SaaS M&A Advisory Momentum

CAMBRIDGE, Mass. (December 19, 2014) – Aeris Partners, a leading independent technology M&A advisory firm, announced record momentum and the completion of more than $1.0 billion of technology M&A advisory assignments. Aeris leverages extensive industry domain expertise and an unparalleled commitment to delivering superior M&A outcomes, including exceptional valuations, transaction terms and close rates. The firm advises market leading application, infrastructure and analytical software, SaaS (Software-as-a-Service), business information, and technology-enabled services companies spanning a range of high-growth market sectors, including healthcare IT (HCIT), financial technology (FinTech), construction software, education software, and public sector software, among others.

Representative M&A transactions led by Aeris include:
• Acquisition of iSqFt and BidClerk, leading providers of construction software, SaaS and business information, by Genstar Capital;
• Acquisition of FiveCubits, a leading SaaS provider of fleet management and supply chain software, by Command Alkon;
• Acquisition of Axium, a leading provider of A&E project management software, by Deltek;
• Acquisition of GatewayEDI, a leading SaaS provider of HCIT revenue cycle management solutions, by TriZetto.

“We founded Aeris with the goal of delivering truly exceptional M&A valuations, transaction terms and close rates. Clients value our committed, hands-on approach, and above all, the outcomes we deliver,” said David Joncas, Managing Director.

“We’re very excited about the firm’s momentum. We’ve been fortunate to advise world-class investors and management teams, and our ability to leverage deep technology domain expertise has been a powerful differentiator,” noted Stephen O’Leary, Managing Director.

About Aeris Partners
Aeris Partners, a premier information technology M&A advisory firm, advises high growth, market-shaping technology companies spanning the Software, SaaS, Business Information and Technology-Enabled Services sectors. Aeris Partners combines extensive industry domain expertise, senior level attention and a commitment to flawless execution to deliver exceptional M&A close rates and outcomes. The firm’s senior leadership team has successfully completed more than $17 billion of M&A advisory assignments to date. For more information, please visit http://aerispartners.com.

Contact Information:
• David Joncas, Managing Director, dwj@aerispartners.com
• Stephen O’Leary, Managing Director, sjo@aerispartners.com
• Derek Swaim, Managing Director, dms@aerispartners.com

Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC

More

Aeris Advises iSqFt and BidClerk on Acquisition by Genstar Capital / Client Press Release

Aeris Partners Serves as the Exclusive Sell-Side Advisor to iSqFt and BidClerk

Chicago, IL and Cincinnati, OH (October 6, 2014) — BidClerk and iSqFt have announced that they have finalized and closed a transaction that merges the two fastest-growing, most innovative SaaS companies in the commercial construction software segment. The combined company will result in the new iSqFt offering a unique array of products and services, allowing construction companies to take control, network, and grow their businesses.

Dave Conway, CEO of the combined company, is excited to bring together a great team, leading-edge technology, and the industry’s best data. “There’s never been a combination like this. Together we can offer our customers the industry’s best network and most actionable project data with technology that lets customers use the information and data in new and incredibly useful ways.”

Conway explains that the merger makes perfect sense because each company’s strengths are so complementary to the other.

iSqFt’s general contractors are able to access the largest national database of subcontractors, and streamline their entire bidding process. Subcontractors get access to more projects, more general contractors, and better productivity tools. Building product manufacturers, suppliers, and distributors find information and tools that allow them to proactively create new relationships and sales opportunities. And all of iSqFt’s customers are connected by iSqFt’s proprietary network, which makes it easy to connect, communicate, and work more efficiently.

BidClerk offers construction data coverage in both the United States and Canada that connects building product manufacturers and construction professionals to key project participants. Using proprietary research methods that have created relationships with thousands of architects, engineers, general contractors, municipalities, and governmental agencies, BidClerk is able to provide complete visibility of the project lifecycle, from planning stages to bidding to completion, using a unique set of tools and advanced analytics.

The focus of the new iSqFt, with the combined strengths of both companies, will be to connect professionals with business opportunities throughout the planning and bidding construction process to help their businesses grow.

“The real winners here will be our customers,” says Mike Gaynor, CEO of BidClerk. “The merger of BidClerk and iSqFt is going to bring unprecedented advantages to the construction industry starting right now. Together, we’re going to change how our industry gets the job done.”

Johnathan Ivey, Senior Vice President Sales & Marketing with Atlas Sound, is excited at the prospect of iSqFt and BidClerk joining forces. “I’ve been very happy with iSqFt,” says Ivey, “but I’ve seen BidClerk and liked that they included planning projects, and analytics with data visualization. I can see how the combination of these two companies will create larger and more diverse project opportunities, both public and private. This will be really good.”

The merger is a result of a growth equity investment provided by Genstar Capital, LLC, a leading middle-market private equity firm with a history of investing in vertically-specialized SaaS and information services companies.

“Given the complementary nature of the two companies,” said Eli Weiss, a Principal at Genstar, “we believe that the combined organization will be able to accelerate its revenue growth while offering its customers a unique set of solutions. Genstar is excited to support this management team for future add-on acquisitions to add to the technology offerings of this platform company.”

Aeris Partners acted as the exclusive financial advisor to iSqFt and BidClerk.

********

About iSqFt
Cincinnati, Ohio-based iSqFt is a leading software-as-a-service company, serving the commercial construction industry by offering its customers access to a network that connects tens of thousands of general contractors, subcontractors, suppliers, and manufacturers. iSqFt helps its customers thrive by offering the information and tools they need to work more efficiently and profitably. For more information about iSqFt and its applications, visit isqft.com or follow us on Facebook, LinkedIn, and Twitter.

About BidClerk
Headquartered in Chicago, BidClerk is a leading provider of construction data in the United States and Canada. For over a decade, the Company has connected construction professionals with opportunities at various stages of the construction process. Proprietary research methods have created relationships with thousands of architects, engineers, general contractors, municipalities and governmental agencies. BidClerk provides unique tools that give subscribers visibility of the project lifecycle, from planning stages to bidding to completion. For more information about BidClerk, please visit www.bidclerk.com.

About Genstar Capital Management, LLC
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar manages funds with total capital commitments of over $3 billion and targets investments focused on selected sectors within the industrial technology, financial services, software, and healthcare industries.

Source: iSqFt and BidClerk

More

Aeris Advises iModules Software on Acquisition by Leeds Equity Partners / Client Press Release

Aeris Partners Serves as the Exclusive Sell-Side Advisor to iModules Software

Leawood, KS (PRWEB) October 14, 2014 — iModules Software, headquartered in Leawood, Kansas, announced today that Leeds Equity Partners, LLC, the New York-based private equity firm focused exclusively on investing in the knowledge industries, has acquired the company. iModules was advised in the transaction by Aeris Partners, a leading information technology M&A advisory firm.

Founded in 2002, iModules Software is the leader in Constituent Engagement Management software for educational institutions and serves more than 800 clients reaching more than 100 million constituents worldwide.

“iModules has built a successful, impactful business because they understand the intricacies of the educational advancement market,” said Robert A. Bernstein, Senior Managing Director and Co-Founder of Leeds Equity Partners. “We look forward to helping them continue to deliver an industry-leading solution that helps institutions meet their increasingly complex challenges.”

iModules’ President, Fred Weiss said, “Leveraging the expertise, strategic insight, and resources of Leeds Equity Partners will bolster the growth and innovation trajectory of iModules. Our clients will benefit through increased investment and our management team is excited to work with the Leeds team.”

“Our passion is funding and promoting the knowledge sector. iModules’ ability to enhance productivity through innovation is perfectly in step with our mission,” said Jacques V. Galante, Managing Director of Leeds Equity Partners.

iModules’ co-founder and Executive Chairman, Tom Palmer adds, “This transaction represents a significant milestone for iModules. We now have in place institutional sponsorship with deep knowledge and resources to support iModules’ continued growth.”

The company reports that the existing executive management team will remain in place. Details of the transaction have not been released.

About iModules Software

iModules is the leading online Constituent Engagement Management provider for educational institutions. Their interconnected suite of modules transforms how institutions create relevant constituent experiences and achieve fundraising success through web content management, marketing communications, online giving, event management, ecommerce, and social media integration. iModules integrates data, content, and strategy to drive participation and financial growth, while increasing operational efficiency. Their expertise and exceptional customer service combined with a passion for web technology delivers meaningful results in marketing communications, giving, memberships, and stewardship for educational institutions. With more than 800 clients reaching more than 100 million constituents, iModules has been an industry leader since 2002 by partnering with institutions worldwide to achieve their missions.

About Leeds Equity Partners

Leeds Equity Partners, LLC, is a New York-based private equity firm focused exclusively on investing in the education, training and information services industries (the “Knowledge Industries”). The firm was founded by Jeffrey T. Leeds and Robert A. Bernstein in 1993 and has raised and managed more than $1.1 billion of capital across five funds. The Board of Advisors of Leeds Equity Partners includes, among others: Chairman General Colin L. Powell, former Secretary of State, National Security Advisor, and Chairman of the Joint Chiefs of Staff; Dr. Barry A. Munitz, former Chancellor of the California State University school system and CEO of the J. Paul Getty Trust; Thomas F. (“Mack”) McLarty III, President of McLarty Associates and former White House Chief of Staff under President William J. Clinton; Dr. Rod R. Paige, former Secretary of Education under President George W. Bush; Richard W. Riley, former Secretary of Education under President William J. Clinton and two-term Governor of South Carolina; Tim J. Fitzpatrick, the former CEO of Sallie Mae Corporation; and Timothy P. Shriver, Chairman of the Board of the Special Olympics. Learn more at www.leedsequity.com.

About Aeris Partners

Aeris Partners is a premier information technology M&A advisory firm focused on high growth, market-shaping M&A transactions spanning the Software, SaaS, Digital Media and Technology-Enabled Services sectors. Aeris Partners combines extensive technology industry domain expertise and a commitment to flawless execution with the objective of delivering superior transaction results. The firm’s senior leadership team brings more than 75 years of M&A advisory, investing and technology industry experience, and has completed more than 160 technology M&A advisory transactions valued in excess of $17 billion in aggregate. Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC.

Source: iModules Software

More

Aeris Advises FiveCubits on Acquisition by Command Alkon / Client Press Release

Aeris Partners Serves as the Exclusive Sell-Side Advisor to FiveCubits

Birmingham, Alabama (August 11, 2014) - Command Alkon Incorporated, the global leader in integrated solutions for the construction materials industry, is pleased to announce the acquisition of FiveCubits Inc., resulting in “FiveCubits, a division of Command Alkon”.

“The FiveCubits team has developed a very successful business model and will continue to maintain the same high quality of products and services to their customers going forward as a part of the Command Alkon family,” said Phil Ramsey, President and CEO of Command Alkon.

“We are thrilled to join Command Alkon,” said Rob Getz, Vice President and General Manager for FiveCubits. “In joining forces with Command Alkon, we are excited about the many integrated solutions that we can offer to our joint customers to meet the evolving needs of the industry.”

FiveCubits has offices in Illinois, Utah, and California. They are the leading provider of SaaS based fleet management and mobile computing solutions for the ready mix, bulk materials, trucking and hauling, and construction contractor industries. The FiveCubits team will continue to support all FiveCubits products, including TrackIt, HaulIt, SupplyIt, and BuildIt.

John Jazwiec, former CEO of FiveCubits, will serve as an advisor on Command Alkon’s board of directors and brings many years of entrepreneurial and industry experience to Command Alkon. “The acquisition of FiveCubits as a division of Command Alkon is a significant milestone for Command Alkon and further strengthens our commitment to evolving technologies and integrated solutions for the industry,” said Phil Ramsey. “The FiveCubits team has a proven track record of customer service and innovation which are shared common values with Command Alkon. We welcome the employees of FiveCubits to our family and are excited to be working together.”

Command Alkon is headquartered in Birmingham, Alabama with offices in Colombia, Brazil, the United Kingdom, France, the Netherlands, India, Malaysia, Australia, and throughout North America. Command Alkon has been a long-term financially stable provider committed to its customers in the construction material industry for over 38 years.

Source: Command Alkon and FiveCubits

More

Aeris Advises Axium on Acquisition by Deltek / Aeris Press Release

Aeris Partners Continues Strong Momentum in Strategic Software M&A Advisory

CAMBRIDGE, Mass. (June 4, 2014) – Aeris Partners is pleased to announce that Axium, a leading provider of integrated accounting and project management solutions to more than 2,200 architecture & engineering (A&E) firms, has been acquired by Deltek, the leading global provider of enterprise software and information solutions for project-based businesses. The acquisition of Axium strengthens Deltek’s market leadership and extends Deltek’s reach into the largest segment of the A&E industry within North America, namely firms with fewer than 250 employees. Aeris Partners served as the exclusive strategic M&A advisor to Axium. The transaction closed on June 3, 2014.

“We’re very excited that Axium and Deltek have joined forces,” said David Joncas, Managing Director with Aeris Partners. “Axium and Deltek share an unwavering commitment to the A&E industry, to product innovation, and to delivering world-class customer support, and we’re proud to have advised Axium on the transaction.”

“Axium has built a leading, integrated project management and accounting platform to improve the efficiency, visibility, and profitability of A&E firm operations,” said Derek Swaim, Managing Director with Aeris Partners. “Axium’s customers will be well-served going forward and the combination underscores a strong, ongoing commitment to providing leading solutions for A&E firms of all sizes.” 

About Axium
Axium provides Ajera™, an integrated project management and accounting software solution designed specifically for the needs of the architecture & engineering market. More than 2,200 A&E firms across North America rely on Axium Ajera. Axium is located in Portland, Oregon and has been voted to Oregon Magazine's "Top 100 Companies to Work For" each of the last six years.

About Deltek
Deltek is the leading global provider of enterprise software and information solutions for professional services firms and government contractors. For decades, Deltek has delivered actionable insight that empowers its customers to unlock their business potential. 16,000 organizations and 2 million users in over 80 countries around the world rely on Deltek to research and identify opportunities, win new business, optimize resources, streamline operations, and deliver more profitable projects.
About Aeris Partners
Aeris Partners is a premier information technology M&A advisory firm focused on high growth, market-shaping M&A transactions spanning the Software, SaaS, Digital Media and Technology-Enabled Services sectors. Aeris Partners combines extensive industry domain expertise and a commitment to flawless execution to deliver exceptional transaction outcomes. The firm’s senior leadership team has completed more than 160 M&A advisory transactions valued in excess of $17 billion. For more information, please visit http://aerispartners.com.

Contact Information:
• David Joncas, dwj@aerispartners.com
• Derek Swaim, dms@aerispartners.com
• Stephen O’Leary , sjo@aerispartners.com

Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC

More

Derek Swaim Joins Aeris Partners as Managing Director / Aeris Press Release

Aeris Partners Continues Expansion with Addition of Senior Technology M&A Professional

CAMBRIDGE, Mass. (January 15, 2014) - Aeris Partners, a premier technology M&A advisory firm, is pleased to announce that Derek Swaim has joined the firm as a Managing Director in its Cambridge, MA office. Derek joins Aeris Partners with more than 15 years of global M&A advisory and growth equity expertise, and extensive experience advising SaaS, software, technology-enabled services and digital media companies in high-growth industry verticals including finance, healthcare, legal, energy, communications and e-commerce. Derek will assume a key role in Aeris’ rapidly-growing software, SaaS and digital media practices and lead the firm's efforts in financial technology (FinTech).

Prior to Aeris Partners, Derek spent 10 years with Harris Williams & Co., where he was a Director with the Technology M&A practice. Previously, Derek worked in the M&A groups of Goldman Sachs, Broadview International and Berkshire Capital. Derek also served as a Board Member of the Boston Chapter of the Association for Corporate Growth (ACG).

“We’ve known and worked with Derek extensively over the past 12 years. He’s a tremendously talented strategic M&A advisor and a fantastic addition to the firm. Derek’s experience and commitment to flawless M&A execution is consistent with the Aeris mission of delivering superior M&A outcomes and I’m incredibly excited to partner with Derek again” said David Joncas, Managing Director and Co-Founder.

“We’re very excited to be partnering with Derek. He brings extensive sector knowledge, expertise and relationships and an outstanding commitment to client service. Aeris is experiencing strong momentum and Derek will play a major role in our growth going forward,” said Steve O'Leary, Managing Director and Co-Founder.

“The Aeris team has an outstanding reputation and technology M&A track record, and I’m especially excited about the firm’s momentum and growth trajectory. I look forward to partnering with the Aeris team and to making a significant contribution to the firm going forward,” said Derek.

Derek received an MBA from Dartmouth's Tuck School of Business and an A.B. from Harvard University.

About Aeris Partners
Aeris Partners is a premier information technology M&A advisory firm focused on high growth, market-shaping M&A transactions spanning the Software, SaaS, Digital Media and Technology-Enabled Services sectors. Aeris Partners combines extensive technology industry domain expertise and a commitment to flawless execution with the objective of delivering superior transaction results. The firm’s senior leadership team brings more than 75 years of M&A advisory, investing and technology industry experience, and has completed more than 160 technology M&A advisory transactions valued in excess of $17 billion in aggregate. Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC.

Contact Information:
David Joncas, dwj@aerispartners.com
Stephen O’Leary, sjo@aerispartners.com
Derek Swaim, dms@aerispartners.com

More

Aeris Advises Emmi Solutions on Acquisition by Primus Capital / Aeris Press Release

Aeris Partners Continues Strong Momentum in Healthcare IT and SaaS M&A Advisory

CAMBRIDGE, Mass. (January 17, 2013) – Aeris Partners is pleased to announce that Emmi Solutions, the leader in outcomes-driven patient engagement, has received a significant growth investment from Primus Capital Funds. Aeris Partners served as the exclusive strategic M&A advisor to Emmi Solutions. The transaction closed on December 21, 2012.

“Emmi is redefining the healthcare industry’s approach to patient engagement and increasing health literacy through an innovative, multi-modal platform that combines voice, image, text and interactivity. Emmi’s ability to prescribe, track and document patient engagement interactions across the continuum of care, and integrate with 3rd party health information systems and patient portals, helps healthcare providers and payers increase revenue, reduce costs and improve clinical outcomes. We believe Emmi is well positioned and will play a critical role as the industry transitions from fee-for-service to value-based care delivery,” said David Joncas, Managing Director with Aeris Partners.

About Emmi Solutions
Emmi Solutions is the pioneer of outcomes-driven patient engagement. Emmi offers a complete solution that engages patients and has repeatedly shown that it can improve clinical and financial outcomes. Emmi uses a multi-modal platform to deliver actionable information to patients while supporting the goals of traditional and emerging models of care. Emmi programs have been prescribed to over four million patients – using language they understand, at their convenience, and on devices they already own. Emmi enables providers to track compliance and measure the outcomes of effective patient engagement. For more information, visit http://www.emmisolutions.com. Follow us on Twitter and find us on Facebook.

About Primus Capital
Primus Capital is a private equity firm that invests in high-growth companies within the healthcare, software, technology-enabled services, and education industries.  Founded in 1983 and currently investing Primus Capital Fund VII, Primus has invested in over 100 growth companies. Transaction types include buyouts, recapitalizations and growth equity investments. For more information, please visit http://www.primuscapital.com.

About Aeris Partners
Aeris Partners is a premier information technology M&A advisory firm focused on high growth, market-shaping M&A transactions spanning the Software, SaaS, Digital Media and Technology-Enabled Services sectors, including Healthcare IT (HCIT). Aeris Partners combines extensive industry domain expertise and a commitment to flawless execution to deliver exceptional transaction outcomes. The firm’s senior leadership team leverages a combined 50 years of M&A advisory, investing and technology industry experience, and has completed M&A advisory transactions valued in excess of $15 billion. For more information, please visit http://aerispartners.com.

Contact Information:
• David Joncas, dwj@aerispartners.com
• Stephen O’Leary, sjo@aerispartners.com

Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC

More

Rahul Swani Joins Aeris Partners as Vice President / Aeris Press Release

Aeris Partners Continues to Expand Cambridge Office with Hire of Senior Technology M&A Professional

CAMBRIDGE, Mass. (May 10, 2012) – Aeris Partners, a premier technology M&A advisory firm, is pleased to announce it has hired Rahul Swani as a Vice President in its Cambridge, MA office. Rahul joins Aeris Partners with nearly 12 years of technology M&A and consulting experience and has worked closely with leading technology companies spanning high growth industry sectors, including software, SaaS, data and analytics, healthcare information technology (HCIT), and digital media. As a senior M&A professional, Rahul will assume a key role in supporting the firm’s growth and industry initiatives in software, data and analytics, healthcare IT (HCIT) and digital media.

Before joining Aeris Partners, Rahul was a Vice President with the technology practice at Harris Williams & Co., where he worked with Aeris Partners Co-Founder David Joncas, established the group’s efforts in data and analytics, and advised private equity and founder-owned companies on strategic M&A. Rahul’s representative transaction experience includes the sale of Manatron to Thomson Reuters, the sale of HealthMedia to Johnson & Johnson, and the sale of MedData to TransUnion. Previously, Rahul served as a Senior Consultant with Investor Group Services (IGS), where he provided strategic and market diligence advisory services to companies serving a broad range of industries, including technology and healthcare.

“Rahul brings a wealth of talent and an exceptional combination of technology domain expertise, execution experience and industry passion to Aeris. We’re truly excited to join forces with Rahul again, ” said David Joncas, Managing Director and Co-Founder.

“We are delighted to have Rahul join us. He possesses sound judgment and maturity and brings additional depth and experience to Aeris in support of our ongoing initiatives in software, data and analytics, healthcare IT and digital media,” said Steve O'Leary, Managing Director and Co-Founder.

Rahul received an MBA from the MIT Sloan School of Management and a B.A. in Economics and Environmental Studies from Tufts University. He currently lives in Boston with his wife and son.

About Aeris Partners

Aeris Partners is a premier information technology M&A advisory firm focused on high growth, market-shaping M&A transactions spanning the Software, SaaS, Digital Media and Technology-Enabled Services sectors. Aeris Partners combines extensive technology industry domain expertise and a commitment to flawless execution with the objective of delivering superior transaction results. The firm’s senior leadership team brings more than 50 years of M&A advisory, investing and technology industry experience, and has completed more than 160 M&A advisory transactions valued in excess of $17 billion in aggregate. Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC.

Contact Information:
·      David Joncas, dwj@aerispartners.com
·      Stephen O’Leary, sjo@aerispartners.com

More

Aeris Advises Gateway EDI on Acquisition by Trizetto / Aeris Press Release

Aeris Partners served as exclusive financial advisor to Gateway EDI.

CAMBRIDGE, Mass. - Aeris Partners is pleased to announce Gateway EDI, Inc., one of the nation’s largest and fastest growing providers of Software-as-a-Service (“SaaS”) revenue cycle management solutions to healthcare providers, has been acquired by The TriZetto Group, Inc.

Aeris Partners served as exclusive financial advisor to Gateway EDI. The transaction closed on February 18, 2011.

“Gateway EDI has established an exceptional track record of success fueled by an intense focus on technology innovation and customer service, and the Company is indispensable to healthcare providers seeking greater efficiency and transparency into the revenue cycle management process. We believe Gateway EDI has found an outstanding strategic partner in TriZetto and we sincerely enjoyed working with the Gateway EDI team again,” said David Joncas, Managing Director with Aeris Partners.

About Gateway EDI

Founded in 1983, Gateway EDI, Inc. is one of the nation’s largest independent providers of revenue cycle management solutions to physicians and healthcare providers. The Company’s market-leading SaaS solutions improve healthcare provider cash flow by optimizing and expediting all aspects of the revenue cycle management process. Gateway EDI is owned by management, employees and ABRY Partners.

About The TriZetto Group

The TriZetto Group is a leading provider of healthcare information technology solutions to the healthcare payer industry, with solutions touching half of the U.S. insured population. The Company’s offerings include enterprise and component software, IT outsourcing and business process outsourcing services that help payers enhance revenue growth, efficiency and quality of care. The TriZetto Group is a portfolio company of Apax Partners.

About Aeris Partners

Aeris Partners is a premier information technology M&A advisory firm focused on high growth, market-shaping M&A transactions spanning the Software, SaaS, Digital Media and Technology-Enabled Services sectors, including Healthcare IT (HCIT). Aeris Partners combines extensive industry domain expertise and a commitment to flawless execution to deliver exceptional transaction results. The firm’s senior leadership team brings a combined 45 years of M&A advisory, investing and technology industry experience, and has completed more than 150 M&A advisory transactions in excess of $15 billion. 

Contact Information:
·      David Joncas, dwj@aerispartners.com
·      Stephen O’Leary, sjo@aerispartners.com

Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC

More