Investment Summary

Bluff Point Associates Invests In Netgain Technology

On January 31, 2017, private equity firm Bluff Point Associates invested in information technology company Netgain Technology

Investment Highlights
  • This is Bluff Point Associates’ 2nd transaction in the Information Technology sector.
  • This is Bluff Point Associates’ 13th transaction in the United States.
  • This is Bluff Point Associates’ 1st transaction in Minnesota.

Investment Summary

Date 2017-01-31
Target Netgain Technology
Sector Information Technology
Investor(s) Bluff Point Associates
Deal Type Growth Capital

Target

Netgain Technology

Minneapolis, Minnesota, United States
Netgain Technology provides managed IT services the accounting, Legal, and healthcare industries. Clients rely on our turnkey cloud-enabled solutions and our deep expertise across public cloud, business, and accounting applications to efficiently run their businesses across an increasingly distributed and remote workforce. Netgain Technology was founded in 2000 and is based in Minneapolis, Minnesota.

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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 13 of 16
Sector: Information Technology M&A 2 of 4
Type: Growth Capital M&A Deals 6 of 7
State: Minnesota M&A 1 of 1
Country: United States M&A 13 of 16
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-02 Office Practicum

Fort Washington, Pennsylvania, United States

Office Practicum provides a fully-integrated Electronic Health Record and Practice Management software solution and Revenue Cycle Management services to pediatricians. The Company’s solutions drive improved clinical and financial outcomes for providers and their patients. Office Practicum was founded in 1992 and is based in Fort Washington, Pennsylvania.

Sell -