Cherry Tree & Associates | December 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. | |
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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: | |
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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 – NOVEMBER 2024 | |
GlobalData Acquires LinkUp | GlobalData, a London-based analytics and consultancy firm, has acquired Minneapolis-based job market data provider JobDig Inc, which trades under the name LinkUp. Founded in 2007, LinkUp delivers labor intelligence to hedge funds, financial services firms, and human capital management organizations. | | |
Emerson Offers $6.5 bln to Acquire the Remainder of AspenTech | Emerson Electric has proposed to acquire the 45% of AspenTech that it does not already own. This values the provider of asset management software at $15.1 billion. | | |
Covisian Acquires Centrinex | Covisian Group, a technology company specializing in providing services and technologies to improve customer experiences globally, has acquired Centrinex, a 600-employee contact center management company based in Lenexa, Kansas. | | |
Bending Spoons to Acquire Brightcove | Brightcove, a cloud platform thta helps businesses manage and monetize video content, is being taken private by Italian technology company Bending Spoons in an all-cash deal valued at $233 million. Founded in Boston in 2004, Brightcove develops tools and services for creating, hosting, streaming, marketing, and monetizing video content, with clients including Marriott Hotels, Ford, and Johnson & Johnson. | | | |
Abu Dhabi Investment Fund Acquires "Significant Minority Stake" in Qlik | The Abu Dhabi Investment Authority (ADIA) has acquired a “significant minority stake” in data analytics and data management software developer Qlik. In addition to data analytics, the Company is also a major provider of data integration and data quality management tools. | | |
AppDirect to Acquire vCom Solutions | AppDirect, a B2B subscription commerce platform, will acquire vCom Solutions, an IT lifecycle management software and managed services company. Delivering software and managed services to organizations for over two decades, vCom supports IT and finance organizations through the lifecycle management of their IT environment, from procurement to payment. | | |
Moody's Acquires Numerated Growth | Moody’s has acquired Numerated Growth Technologies, a loan origination platform for financial institutions. Numerated’s technology, powered by artificial intelligence and data analytics, streamlines the loan application, decision-making and closing processes. | | |
LogicMonitor Receives $800M Investment | LogicMonitor has raised $800 million from a consortium of investors including PSG, Golub Capital and others. Vista Equity Partners, which acquired LogicMonitor in 2018, sold the consortium a minority stake in the company, but remains the controlling shareholder. LogicMonitor develops a SaaS-based hybrid observability platform that incorporates AI into its capabilities. | | | |
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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