Cherry Tree & Associates | September 2024 | |
Cherry Tree has been tracking trends and activity in the Technology Enabled Business Services (TEBS) space for nearly 20 years, including the TEBS 100, which is a broad index of 100 publicly-traded TEBS companies. | |
The four segments of the TEBS 100 are:
- SaaS/Software
- Business Process Services
- Information/Data
- Infrastructure Services
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Each issue of this newsletter highlights transactions involving TEBS companies, as well as performance metrics for the TEBS 100. Cherry Tree also produces quarterly TEBS updates and a research report which are available for download: | |
Cherry Tree has nearly 20 years of experience working with businesses in the TEBS space. Our clients include companies seeking to sell their businesses or divest non-core assets, as well as strategic and financial buyers looking to make acquisitions.
Contact Mik Gusenius at mgusenius@cherrytree.com or Scott Brown at sbrown@cherrytree.com with any questions.
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NOTABLE TRANSACTIONS – AUGUST 2024 | |
SPS Commerce Acquires SupplyPike | SPS Commerce, Inc., a provider of retail supply chain cloud services, has acquired SupplyPike, an automated invoice deduction management and prevention solution. SupplyPike is a SaaS solution that provides ongoing monitoring and management of invoice deductions to recover lost revenue along with the information needed to improve processes and eliminate deductions in the future. | | |
CVC Acquires Stake in Epicor | CVC will acquire a significant ownership position in Epicor, a global provider of industry-specific enterprise software to promote business growth. Epicor is a SaaS provider of multi-vertical ERP software designed to fit the precise needs of customers in a range of industrial sectors in the “Make, Move, and Sell” economy. | | |
TMX Group Announces Acquisition of Newsfile Corp. | TMX Group has acquired Newsfile Corp., the largest Canadian-owned news dissemination and regulatory filing provider. Newsfile services over 2,500 public and private clients and is a source for disclosure requirements, including news release distribution and SEDAR+, EDGAR, and XBRL filing solutions. | | |
PatientPay and ClearGage Merge | PatientPay, a patient billing and payments partner for acute, ambulatory and specialty care, and ClearGage, a provider of healthcare estimate and payment solutions, have merged to deliver a digital billing and payment platform for medical groups, specialty practices and community hospitals as PatientPay. | | | |
Paltalk to Acquire Newtek Technology Solutions | Paltalk, Inc., a communications software company that powers multimedia social applications, will acquire Newtek Technology Solutions, Inc. NTS provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services including consulting and implementing technology solutions for enterprise and commercial clients across the U.S. | | |
CloudBees Acquires Launchable | CloudBees has acquired Launchable, a provider of a test automation platform. Launchable makes use of both machine learning algorithms and generative artificial intelligence capabilities to streamline testing processes by, for example, providing access to a co-pilot to ensure the right test is run at the right time. | | |
Capgemini Acquires Syniti | Capgemini will acquire Syniti (formerly known as BackOffice Associates), a provider of data quality, data migration and data governance services and software solutions. Syniti solves complex data challenges for customers undergoing critical business transformations, ensuring successful outcomes and significant business benefits. | | |
DigiCert to Acquire Vercara | DigiCert will acquire Vercara, a provider of cloud-based services that secure the online experience, including managed Authoritative Domain Name System and Distributed Denial-of-Service security offerings that protect organizations’ networks and applications. | | | |
TEBS 100 INDEX PERFORMANCE AND METRICS | |
For a confidential conversation about your company's strategic alternatives for exiting, merging, acquiring, or obtaining financing, please contact Mik Gusenius or Scott Brown. | |
Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis. Our firm specializes in serving middle market companies and their owners, whether private, public, or divisions of larger corporations. | |
Important Disclosures
The information included in this publication has been obtained from public sources and is not based upon private or confidential Cherry Tree information. Cherry Tree gathers its data from sources it considers reliable. However, it does not guarantee the accuracy or completeness of the information provided within this publication. Any opinions presented reflect the current judgment of the authors and are subject to change. Cherry Tree makes no warranties, expressed or implied, regarding the accuracy of this information or any opinions expressed by the authors. Officers, directors, partners of Cherry Tree and Cherry Tree proprietary investment funds may have positions in the securities of the companies discussed, and certain affiliates of Cherry Tree may recommend to specific clients the purchase and sale of securities discussed in the publication. This publication does not constitute a recommendation with respect to the securities of any company discussed herein, and it should not be construed as such. Cherry Tree or its affiliates may from time to time provide investment banking or related services to these companies. Like all Cherry Tree employees, the authors of this publication receive compensation that is affected by overall firm profitability. We undertake no obligation to update any information in this publication.
The TEBS Performance Index is a hypothetical index, and does not reflect an actual investment portfolio. Comparisons between the TEBS Index and other indices are for illustrative purposes only. Correlations in performance information for the TEBS Performance Index and other indices should not be relied upon as indicative of risks involved in owning or holding a portfolio of securities similar to the TEBS Performance Services Index. Past performance should not be relied upon as indicative of future performance.
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