Author: Aaron Solganick

Solganick & Co. advises Strata Information Group in its recapitalization with Fort Point Capital

Fort Point Capital, a Boston-based private equity firm, announced today that it has completed a recapitalization of Strata Information Group, Inc. (“Strata”, “SIG” or the “Company”) in partnership with the Company’s management team. Based in San Diego, California, Strata is a best-in-class provider of IT services to higher education institutions. The Company offers a range of services including software implementation, cloud migration, digital transformation, database administration and ongoing support services. The Company will continue to be led by Henry Eimstad and Frank Vaskelis, who co-founded SIG in 1987, operating as its President and Founding Partner, respectively.

Flagship Solutions Completes Merger with Data Storage Corporation

Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity, disaster recovery protection and cloud solutions, today announced it has completed the previously announced merger of Data Storage FL, LLC, a wholly-owned subsidiary of the Company, with and into Flagship Solutions, LLC (“Flagship”), with Flagship surviving as a wholly-owned subsidiary of the Company. Flagship’s Chief Executive Officer Mark Wyllie will continue as CEO of the new Flagship subsidiary following the Merger, and has joined DSC’s Board of Directors.

SaaS Valuations and The Rule of 40

A primer on SaaS valuations and the Rule of 40. How investors and buyers look at your revenue growth rate and EBITDA or profitability to determine valuation. Private equity and strategic buyers use this metric to make investment decisions often.

Solganick & Co. has advised iXerv Americas and iXerv LAC in its acquisition by The Silicon Partners (“TSP”)

The Silicon Partners, Inc. (“TSP”) is pleased to announce that it has signed a definitive agreement to acquire iXerv Americas (“iXerv”), a pan-Americas SAP SuccessFactors services provider with SAP Recognized Expertise and Gold Partnership status, to provide SAP Human Experience Management (HXM) business transformation and Qualtrics management services along with its current SAP S/4HANA, Robotic Process Automation (RPA), Artificial Intelligence (AI) and Machine Learning (ML) professional services and solutions.

Solganick & Co. advises Viridian Sciences in its sale to Akerna

Akerna (Nasdaq: KERN) (“Akerna” or the “Company”), an enterprise software company, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), announced it has signed an agreement to acquire Viridian Sciences, a cannabis business management software system built on SAP Business One. This announcement comes on the heels of Akerna’s MJ Platform, achieving SAP® certification as integrated with SAP NetWeaver®, last month.

Healthcare IT M&A Update, Q3 2020

Healthcare IT

December 24, 2020 – Solganick & Co. has issued its latest Healthcare IT M&A Update for Q3 2020.  The complete report is available for download here: Solganick & Co. – Healthcare IT Q3 2020 – Final The following summarizes the key highlights of the report: Healthcare IT M&A activity returned in Q3 2020 The initial […]

Solganick & Co. issues its latest Software M&A Update for Q3 2020

Solganick & Co. Software M&A Update Q3 2020 November 30, 2020 – Solganick & Co. has issued its latest software M&A update for Q3 2020. The report highlights current trends and transactions within the software sector. You can download the complete report here: Solganick & Co. – Software M&A Update Q3 2020   As of […]