M&A Deal Summary

FranConnect Acquires RizePoint

On February 27, 2024, FranConnect acquired internet software and services company RizePoint

Acquisition Highlights
  • This is FranConnect’s 1st transaction in the Internet Software and Services sector.
  • This is FranConnect’s 2nd transaction in the United States.
  • This is FranConnect’s 1st transaction in Utah.

M&A Deal Summary

Date 2024-02-27
Target RizePoint
Sector Internet Software and Services
Buyer(s) FranConnect
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity (Financial)

Target

RizePoint

Salt Lake City, Utah, United States
RizePoint is a provider of SaaS company innovative software solutions to conduct audits, inspections, and self-assessments that empower businesses to streamline processes, reduce risk, and elevate brand reputation, to better bottom-line results. RizePoint was founded in 1997 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

FranConnect

Reston, Virginia, United States

Category Company
Founded 2000
Sector Software
DESCRIPTION

FranConnect is a provider of SaaS-based franchise management systems. The company has served over 600 franchise customers and over 100,000 franchise locations. FranConnect's comprehensive software suite provides franchise organizations an end-to-end suite for growing their businesses. FranConnect was founded in 2000 and is based in Reston, Virginia.


DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Utah) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-30 World Manager

Sydney, Australia

World Manager provides a way for multi-location businesses to develop and deploy highly customized branded content to support front-line employee training for improved onboarding and engagement and enables brands to monitor engagement success at the unit-level. Operations teams are empowered to deliver and monitor best practice training, access up-to-the-minute data, staff training unit-level performance appraisals, and satisfaction surveys with benchmark reporting. World Manager's customers include some of the largest multi-location retail, restaurant, and hospitality brands, including Forever 21, Nike, Billabong, Domino's, Long John Silver's, Walk-On's Sports Bistreaux, Nando's, Gloria Jean's Coffees, and Ben & Jerry's. World Manager was formed in 2005 and is based in Sydney, Australia.

Buy -