Cherry Tree & Associates | May 2019
Cherry Tree has been tracking trends and activity in the Technology Enabled Business Services (TEBS) space for more than 15 years, including the TEBS 100, which is a broad index of 100 publicly-traded TEBS companies.
The four segments of the TEBS 100 are:

  • Software
  • Business Process Services
  • Information Services
  • Infrastructure Services
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 more than 15 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 with any questions.
NOTABLE TRANSACTIONS – May 2019
BV Investment Partners Invests in CivicPlus

BV Investment Partners ("BV"), a middle-market private equity firm focused on the business services, software and IT services sectors, announced that it has made a minority investment in CivicPlus, a leading...

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www.bvlp.com
Credit Bureau TransUnion Acquires TruSignal

TransUnion is busily expanding its digital marketing product portfolio, as the credit bureau and consumer data provider acquired marketing tech platform TruSignal. The deal - TransUnion declined to share terms - arrives less than a...

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adexchanger.com
Binary Net Acquires Lincoln Data Investments

Binary Net, LLC (binary.net) is excited to announce that it has acquired Lincoln Data Investments (LDI) as a subsidiary, to be known as Lincoln Data Centers, which will expand its existing data center offerings. Lincoln Data Centers is located in ...

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strictly-business.com
InboxDollars Parent CotterWeb Acquired by Prodedge

Prodege, LLC - parent company of multiple online consumer-rewards platforms - announced it has acquired leading rewards company CotterWeb Enterprises, Inc., which operates the successful rewards sites InboxDollars.com ...

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tech.mn
E2Open to Acquire Amber Road For $425 Million

Software vendor E2open LLC will acquire the global trade management software provider Amber Road (NYSE: AMBR) for $425 million and take it private. The acquisition will allow customers to operate their entire...

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finance.yahoo.com
Broadridge to Acquire RPM Technologies

New York-based Broadridge Financial Solutions, Inc. announced it has agreed to acquire Toronto-based RPM Technologies, a developer of enterprise wealth management software, for approximately US$300 million. "The addition of RPM...

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www.investmentexecutive.com
TABS Analytics Acquires Decision Insight

TABS Analytics is expanding its offerings with its latest strategic move. The Shelton, Conn.-based company has acquired Kansas City, Mo.-based Decision Insight, a shopper marketing research and analytics firm focused on brick-and-mortar and...

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www.drugstorenews.com
Zayo Announces Acquisition by Digital Colony and EQT

Boulder-based Zayo Group Holdings, Inc., a communications infrastructure firm, is being acquired by investment firms Digital Colony Partners LLC and the EQT Infrastructure IV fund. Zayo's board of directors...

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www.dailycamera.com
TEBS 100 INDEX PERFORMANCE
TEBS 100 INDEX METRICS

For a confidential conversation about your company's strategic alternatives for exiting, merging, acquiring, or obtaining venture financing, please contact Mik Gusenius.

Prepared by:
Mik Gusenius, Director

Phone: 952.253.6005


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.