Investment Summary

Ballast Point Ventures Invests In Abacode

On January 9, 2020, growth capital firm Ballast Point Ventures invested in information technology company Abacode

Investment Highlights
  • This is Ballast Point Ventures’ 4th transaction in the Information Technology sector.
  • This is Ballast Point Ventures’ 37th transaction in the United States.
  • This is Ballast Point Ventures’ 16th transaction in Florida.
Investment Fate
  • Abacode was sold to a strategic buyer in 2025.

Investment Summary

Date 2020-01-09
Target Abacode
Sector Information Technology
Investor(s) Ballast Point Ventures
Deal Type Venture

Target

Abacode

Tampa, Florida, United States
Abacode is a managed security services provider with an emphasis on Governance, Risk, and Compliance readiness services and a suite of related cybersecurity professional services. Abacode was founded in 2014 and is based in Tampa, Florida.

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Investor(S) 1

Investor

Ballast Point Ventures

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ballast Point Ventures is a private investment firm that targets growth businesses located in the South US. Ballast Point looks to commit $5 to $15 million of equity capital per transaction and looks for businesses in markets with annual revenues of at least $100 million. Sectors of interest include healthcare, information technology (IT), financial services, communications, business services, and consumer products/services. Ballast Point Ventures was formed in 2001 and is based in Tampa, Florida.


DEAL STATS #
Overall 37 of 44
Sector: Information Technology M&A 4 of 5
Type: Venture M&A Deals 13 of 18
State: Florida M&A 16 of 19
Country: United States M&A 37 of 44
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 SPOTIO

Addison, Texas, United States

SPOTIO is a cloud-based sales acceleration and performance management software platform designed for field sales. SPOTIO was founded in 2014 and is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 Mailprotector

Greenville, South Carolina, United States

Mailprotector provides cloud-based email security and encryption, management, and hosting services sold exclusively through Managed Services Providers to businesses, government, and non-profits around the world. Mailprotector is based in Greenville, South Carolina.

Buy -