M&A Deal Summary

Invoca Acquires DialogTech

On May 24, 2021, Invoca acquired internet software and services company DialogTech from River Cities Capital Funds and SSM Partners

Acquisition Highlights
  • This is Invoca’s 1st transaction in the Internet Software and Services sector.
  • This is Invoca’s 1st transaction in the United States.
  • This is Invoca’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-05-24
Target DialogTech
Sector Internet Software and Services
Buyer(s) Invoca
Sellers(s) River Cities Capital Funds
SSM Partners
Deal Type Add-on Acquisition
Advisor(s) Union Square Advisors LLC (Financial)

Target

DialogTech

Chicago, Illinois, United States
website
DialogTech is an operator of voice-channel management platform providing insights on customer calls to data-driven organizations. DialogTech was founded in 2005 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Invoca

Santa Barbara, California, United States

website


Category Company
Founded 2008
Sector Internet Software and Services
DESCRIPTION

Invoca is an active conversation Intelligence platform enables marketing, sales, customer experience, and eCommerce teams to understand and immediately act on the information consumers share via conversations. Invoca was founded in 2008 and is based in Santa Barbara, California.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 2

DESCRIPTION

River Cities Capital Funds is a growth equity investment firm focused on healthcare services and information technology companies. River Cities seeks to invest $5 to $15 million in companies with at least $5 million in revenue. The Firm generally targets companies that pursue large, established markets with disruptive, “better, faster, cheaper” solutions. River Cities Capital Funds was established in 1994 and is headquartered in Cincinnati, Ohio.


DEAL STATS #
Overall 8 of 9
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 6 of 7
State (Illinois) 1 of 1
Country (United States) 8 of 9
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 MindPath Care Centers

Durham, North Carolina, United States

MindPath Care Centers is an outpatient mental and behavioral healthcare services provider. MindPath's 120+ clinicians provide the complete spectrum of psychiatric and psychological therapy services to patients across 36 sites and accept all commercial insurance. As an early adopter of telehealth and Transcranial Magnetic Stimulation (TMS) for treatment-resistant depression and obsessive-compulsive disorder, MindPath has a track record of being an innovative care provider, in addition to being a vital research development partner for clinical trials to the pharmaceutical industry. MindPath Care Centers is based in Durham, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Standard Bariatrics

Cincinnati, Ohio, United States

Standard Bariatrics is a surgical procedure company focused on the innovative development and commercialization of medical devices. Driven by a passionate group of surgical innovators, the company continues to release surgical solutions designed to address significant market opportunities. Standard Bariatrics was founded in 2014 and is based in Cincinnati, Ohio.

Buy -
SELLER

SSM Partners

Memphis, Tennessee, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

SSM Partners is a private equity firm that targets investments in smaller, rapidly growing, private companies based in the Southeast US. Areas of interest include business/outsourcing services, healthcare and consumer services. SSM focuses on transactions requiring $5 to $20 million of equity. Prospective transactions include growth financings, acquisitions, management led buyouts, and recapitalizations. SSM will also consider early-stage opportunities. SSM Partners is based in Memphis, Tennessee.


DEAL STATS #
Overall 28 of 28
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 14 of 14
State (Illinois) 2 of 2
Country (United States) 28 of 28
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Invoca

Santa Barbara, California, United States

Invoca is an active conversation Intelligence platform enables marketing, sales, customer experience, and eCommerce teams to understand and immediately act on the information consumers share via conversations. Invoca was founded in 2008 and is based in Santa Barbara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 Quire

Philadelphia, Pennsylvania, United States

Quire is the premier technical report writing software and is trusted by thousands of consultants around the globe and across dozens of industries. Quire’s intuitive platform streamlines the report writing process to ensure consistent, high-quality report deliverables. Quire’s innovative tools help relieve existing pain points, while its staff of industry experts work closely with clients to evolve their workflow processes, thus saving hours of time on each report. Quire is based in Philadelphia, Pennsylvania.

Buy -