M&A Deal Summary

Periscope Equity Acquires brightfin

On May 4, 2021, private equity firm Periscope Equity acquired software company brightfin

Acquisition Highlights
  • This is Periscope Equity’s 2nd transaction in the Software sector.
  • This is Periscope Equity’s 11th transaction in the United States.
  • This is Periscope Equity’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2021-05-04
Target brightfin
Sector Software
Buyer(s) Periscope Equity
Deal Type Consolidation

Target

brightfin

Centennial, Colorado, United States
brightfin is a revolutionary, subscription-based software provider of IT Expense Management and IT Finance Management (ITFM) solutions offered natively through ServiceNow or as a SaaS platform. brightfin helps companies manage IT assets and expenses related to mobile, telecom (fixed / voice & data), and cloud. brightfin was founded in 2021 and is based in Centennial, Colorado.

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Buyer(S) 1

Buyer

Periscope Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Periscope Equity is a private equity firm focused on acquiring lower middle-market tech-enabled business services companies. Periscope pursues companies valued up to $40 million with $10 to $50 million in revenue. Specific areas of interest include healthcare services, marketing services, business process outsourcing, SaaS, and security services. Periscope Equity was formed in 2007 and is based in Chicago, Illinois.

DEAL STATS #
Overall 11 of 15
Sector (Software) 2 of 2
Type (Consolidation) 1 of 1
State (Colorado) 2 of 2
Country (United States) 11 of 15
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 MobiChord

Salt Lake City, Utah, United States

MobiChord is a revolutionary, subscription-based software provider of Technology Expense Management solutions on the ServiceNow Platform. MobiChord extends the ServiceNow Platform to manage Mobile, Voice & Data, and Cloud assets, expenses, and services helping customers to preserve and generate budget become more productive, and get full visibility into their technology management programs. MobiChord was founded in 2013 and is based in Salt Lake City, Utah.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 MAS Medical Staffing

Londonderry, New Hampshire, United States

MAS Medical Staffing is a tech-enabled medical staffing agency, primarily serving long-term care (“LTC”) facilities in the Northeast region of the U.S. With a Nurse-First approach and innovative direct-to-clinician technology platform, MAS has amassed a community of over 3,400 active nurses that can be efficiently deployed within LTC, acute, and home-based care settings for per diem and travel nursing contracts. The company’s proprietary technology platform, MAESTRA, optimizes per diem shift fulfillment by directly linking facilities and their open shifts with nurses through a dynamic service marketplace application, streamlining credentialing, communication, and payroll to provide the highest level of service for the nurses, healthcare facilities, and their patients. MAS Medical Staffing was founded in 2002 and headquartered in Londonderry, New Hampshire

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