Investment Summary

Blue Heron Capital Invests In innRoad

On June 1, 2012, private equity firm Blue Heron Capital invested in software company innRoad

Investment Highlights
  • This is Blue Heron Capital’s 1st transaction in the Software sector.
  • This is Blue Heron Capital’s 3rd transaction in the United States.
  • This is Blue Heron Capital’s 1st transaction in New York.

Investment Summary

Date 2012-06-01
Target innRoad
Sector Software
Investor(s) Blue Heron Capital
Deal Type Venture

Target

innRoad

New York, New York, United States
innRoad is the only SaaS hotel software solution that seamlessly integrates every element of hospitality operations: property management, global distribution, online bookings, yield management, and internet marketing. Designed exclusively for independent hoteliers, small hotel chains and hotel management companies, it is a easy-to-use platform that can increase revenues, cut costs and improve customer satisfaction.

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Investor(S) 1

Investor

Blue Heron Capital

Richmond, Virginia, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Blue Heron Capital is a private equity firm focused on growth equity and lower middle-market buyout opportunities. Blue Heron looks to invest $3 to $7 million in businesses with $3 to $20 million in sales. Preferred sectors include tech-enabled business service companies and healthcare. Blue Heron will invest across the US, but prefers opportunities along the East Coast. Blue Heron Capital was established in 2006 and is based in Richmond, Virginia.


DEAL STATS #
Overall 3 of 10
Sector: Software M&A 1 of 2
Type: Venture M&A Deals 3 of 4
State: New York M&A 1 of 2
Country: United States M&A 3 of 9
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 CSA Medical

Lexington, Massachusetts, United States

CSA Medical develops and sells an innovative energy-based medical console that delivers a therapeutic spray of liquid nitrogen to freeze and destroy unwanted tissue in the body. This proprietary interventional platform, the Spray Cryotherapy System, is comprised of a device and specialty catheters that allow delivery of therapeutic doses of the cryogen. CSA Medical was formed in 1993 and is based in Lexington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-03 WiserTogether

Boston, Massachusetts, United States

WiserTogether, Inc. is a treatment-guidance tool that helps people find the right treatment for them quickly and reliably. WiserTogether’s personalized healthcare treatment comparison software enables consumers to choose the right treatment – most effective in the outcome, most personally suitable, and most cost-effective and affordable. WiserTogether, Inc. was established in 2008 and is based in Boston, Massachusetts.

Buy -