M&A News, Updates and
Industry Research

Software M&A Update, Q3 2021

Solganick & Co. has published its latest M&A report on the software industry. It covers the latest mergers and acquisitions transactions and valuation for the sector.

Solganick & Co. has advised Sheridan Capital Partners backed DAS Health in its acquisition of Intentive Healthcare Solutions

DAS Health Ventures, LLC (“DAS Health”), a portfolio company of Sheridan Capital Partners (“Sheridan”), recently announced the acquisition of Itentive, LLC (“Itentive”). Itentive bolsters DAS Health’s ability to improve the healthcare experience by delivering high value health IT and business solutions to physician practices and hospitals. The partnerships expand DAS’s MSP presence and introduce new value-added consulting and support services. DAS Health originally partnered with Sheridan in February 2021 and now serves nearly 2,500 clients and over 25,000 users nationwide.

Solganick & Co. acts as exclusive financial advisor to VisualBI in its acquisition by Atos

Paris (France), July 27, 2021 – Atos today announces it has reached an agreement to acquire Visual BI Solutions, Inc., one of the leading and fastest growing firms focusing exclusively on Cloud Data Analytics and Business Intelligence in the US. Visual BI is a Snowflake Elite partner, Microsoft Gold Partner for Data & Analytics, Tableau, Qlik, Alteryx, and SAP partner. The company also supports the technology platforms from market leading partners such as Fishtown Analytics, Fivetran, Tableau, HVR Software, Qlik, Theobald Software and Alteryx.

Aaron Solganick

Aaron Solganick named by the Los Angeles Business Journal as a Leader of Influence : Private Equity Investors and Advisors for 2021

Aaron Solganick, CEO and founder of Solganick & Co., was recognized by the Los Angeles Business Journals Leaders of Influence: Private Equity Investors & Advisors.

“Aaron Solganick focuses on middle-market software and technology-enabled services M&A transactions, which requires a very specific skill set not just of the nuanced M&A process but navigating complex technology matters as well. He has a real presence as a leader in the Los Angeles deal community with the ability to execute and close transactions and a reputation as an elite-level advisor to both strategic and private equity clients. He has carved out a reputation for working on complex domestic and international M&A transactions that help clients acquire or sell next-generation and fast-growing technology companies. Aaron Solganick oversees not only his own book of business but also manages a number of professionals and office staff. He is a natural leader and a respected deal-professional and is thought of in high regard among the private equity ecosystem in Los Angeles.”

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.

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