Investment Summary

Bluff Point Associates Invests In DocuTAP

On March 6, 2012, private equity firm Bluff Point Associates invested in software company DocuTAP

Investment Highlights
  • This is Bluff Point Associates’ 3rd transaction in the Software sector.
  • This is Bluff Point Associates’ 6th transaction in the United States.
  • This is Bluff Point Associates’ 1st transaction in South Dakota.
Investment Fate
  • DocuTAP was sold to a consortium of financial buyers in 2016.
  • DocuTAP merged with another company in 2019.

Investment Summary

Date 2012-03-06
Target DocuTAP
Sector Software
Investor(s) Bluff Point Associates
Deal Type Growth Capital
Advisor(s) Healthcare Growth Partners (Financial)

Target

DocuTAP

Sioux Falls, South Dakota, United States
DocuTAP is a provider of software for electronic medical records, practice management software and revenue cycle management for more than 1,300 urgent care and primary care clinics. The Company has grown significantly in the last several years, expanding its workforce, and adding 350 urgent care clinics to its network in the last year alone.

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Investor(S) 1

DESCRIPTION

Bluff Point Associates is a private equity firm that invests in middle-market information technology companies serving the financial services and healthcare industries. The Firm looks for control positions in growth-oriented companies with $3 to $30 million in revenue. Bluff Point Associates was formed in 2011 and is based in Westport, Connecticut.


DEAL STATS #
Overall 6 of 16
Sector: Software M&A 3 of 4
Type: Growth Capital M&A Deals 2 of 7
State: South Dakota M&A 1 of 1
Country: United States M&A 6 of 16
Year: 2012 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-21 InvestLink Technologies

New York, New York, United States

InvestLink Technologies LLC develops software solutions for third party administrators (TPAs) in the defined contribution industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-09 Fi360

Pittsburgh, Pennsylvania, United States

Fi360, Inc. is a provider of fiduciary-focused software, data and analytics for financial advisors and intermediaries across the retirement and wealth ecosystem. Fi360 also provides the accreditation and continuing education for the Accredited Investment Fiduciary® (AIF®) Designation, the leading designation focused on fiduciary responsibility.

Buy -