Add-on Acquisition • Software

Awareness Technologies Acquires Veriato

On June 12, 2019, Awareness Technologies acquired software company Veriato from WestView Capital Partners and HarbourVest Partners

Acquisition Context
  • This is Awareness Technologies’ 2nd transaction in the Software sector.
  • This is Awareness Technologies’ 2nd transaction in the United States.
  • This is Awareness Technologies’ 1st transaction in Florida.

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M&A Deal Summary

Date June 12, 2019
Target Veriato
Sector Software
Buyer(s) Awareness Technologies
Sellers(s) WestView Capital Partners
HarbourVest Partners
Deal Type Add-on Acquisition
Advisor(s) Akerman (Legal)

Target Company

Veriato

Vero Beach, Florida, United States
Veriato develops, markets and supports PC and Internet monitoring and surveillance products for business, education, government, and home users, including Spector Pro, eBlaster, Spector for Mac, Spector CNE Investigator and Spector 360. Veriato was formed in 1998 and is based in Vero Beach, Florida.
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Buyer Overview 1

Buyer

Awareness Technologies

Westport, Connecticut, United States

Category Company
Founded 2002
Sector Software
DESCRIPTION

Awareness Technologies is a provider of security, monitoring, productivity and analytics software solutions for businesses and consumers across four distinct software offerings. Awareness Technologies was founded in 2002 and is based in Westport, Connecticut.


Deal Context for Buyer #
Overall 3 of 3
Sector: Software 2 of 2
Type: Add-on Acquisition 3 of 3
State: Florida 1 of 1
Country: United States 2 of 2
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 Screen Time Labs

Bristol, United Kingdom

Screen Time Labs Ltd. is a provider of parental screen time control software for Android, iOS and Kindle Fire tablets and smartphones. Screen Time Labs Ltd. was established in 2013 and is headquartered in Bristol, England.

Buy -

Seller Profiles 2

SELLER

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 23 of 35
Sector: Software 6 of 6
Type: Add-on Acquisition 11 of 16
State: Florida 2 of 2
Country: United States 23 of 35
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 KLDiscovery

Eden Prairie, Minnesota, United States

KLDiscovery is a provider of tech-enabled information discovery and governance solutions. The Company’s solutions help clients to optimize outcomes in corporate litigation and regulatory investigations and to meet compliance requirements. KLDiscovery offers a comprehensive suite of E-Discovery services, which are powered by the Company’s proprietary technology. In addition, KLDiscovery offers select, complementary information governance solutions which allow clients to manage data in one comprehensive, unified solution. KLDiscovery was founded in 1985 and is based in Eden Prairie, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 RSi

Columbia, South Carolina, United States

RSi is a provider of revenue cycle management services to hospitals and health systems. Through its client-focused culture, RSi delivers accounts receivable management and revenue cycle outsourcing services to accelerate provider cash flow, improve operating efficiencies and enhance profitability without sacrificing patient experience. RSi solutions span the full RCM continuum, providing both point solutions to address specific client challenges and full end-to-end RCM outsourcing. RSi was founded in 1999 and is headquartered in Columbia, South Carolina.

Buy -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


Deal Context for Seller #
Overall 98 of 150
Sector: Software 12 of 19
Type: Add-on Acquisition 38 of 62
State: Florida 4 of 7
Country: United States 62 of 91
Year: 2019 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 Intelex Technologies

Toronto, Ontario, Canada

Intelex Technologies Inc. is a provider of Environmental, Health, Safety (EHS) and Quality management software solutions.

Sell $570M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 monday.com

Tel Aviv, Israel

monday.com is a customizable work OS where teams create and shape workflow apps in minutes to plan, run, and track their processes, projects, and operations. As a web-based SaaS platform, monday.com facilitates a more efficient and intuitive way to manage teams and organizations of all sizes. The platform connects people to processes and systems, empowering teams to excel in every aspect of their work, while creating an environment of transparency in business. monday.com was founded in 2012 and is based in Tel Aviv, Israel.

Buy -