M&A Deal Summary

PeopleAdmin Acquires Netchemia

On February 23, 2015, PeopleAdmin acquired software company Netchemia from Mainsail Partners

Acquisition Highlights
  • This is PeopleAdmin’s 1st transaction in the Software sector.
  • This is PeopleAdmin’s 1st transaction in the United States.
  • This is PeopleAdmin’s 1st transaction in Kansas.

M&A Deal Summary

Date 2015-02-23
Target Netchemia
Sector Software
Buyer(s) PeopleAdmin
Sellers(s) Mainsail Partners
Deal Type Add-on Acquisition

Target

Netchemia

Prairie Village, Kansas, United States
website
Netchemia is a provider of cloud-based talent management software specifically developed for K-12 educational organizations. We believe that by providing school districts with intuitive software to recruit, hire, develop and retain the best teachers and school leaders, we can help them dramatically affect student achievement.

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Buyer(S) 1

Buyer

PeopleAdmin

Austin, Texas, United States

website


Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

PeopleAdmin, Inc. is a provider of cloud-based talent management solutions for the education and government markets. PeopleAdmin’s software enables more than 700 clients to streamline the hiring process, onboard new employees, efficiently manage positions and employee performance, develop compliant, defensible audit trails, and utilize industry-leading reporting and metrics. The Company’s integrated talent management suite, SelectSuite®, includes applicant tracking, faculty search committee management, position management, and onboarding and performance management. PeopleAdmin solutions are rapidly deployed, easy-to-use and supported through a world-class customer service organization.


DEAL STATS #
Overall 1 of 4
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Kansas) 1 of 1
Country (United States) 1 of 4
Year (2015) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-20 SearchSoft Solutions

Indianapolis, Indiana, United States

SearchSoft Solutions, Inc. is a provider of K-12 solutions that help recruit, hire and develop top faculty and staff.

Buy -

Seller(S) 1

SELLER

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco.


DEAL STATS #
Overall 8 of 26
Sector (Software) 1 of 8
Type (Add-on Acquisition) 6 of 18
State (Kansas) 1 of 2
Country (United States) 8 of 26
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-16 PlayMaker Health

Brentwood, Tennessee, United States

PlayMaker Health is a cloud-based customer relationship management solution designed specifically for post-acute care companies to assist with increasing sales efficiency, growing market share, and increasing profitability. PlayMaker Health was founded in 2008 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-12 Ncontracts

Brentwood, Tennessee, United States

Ncontracts LLC provides risk, vendor, and compliance management software to a rapidly expanding customer base of more than 1,300 financial institutions located in all 50 states and U.S. territories. Ncontracts's powerful combination of software and services enables financial institutions to achieve their risk management and compliance goals with an integrated, user-friendly cloud-based solution suite that encompasses vendor risk, compliance risk, and enterprise risk management.

Buy -