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M&A Deal Summary

brightfin Acquires MobiChord

On May 4, 2021, brightfin acquired software company MobiChord from Periscope Equity

Acquisition Highlights
  • This is brightfin’s 2nd transaction in the Software sector.
  • This is brightfin’s 3rd transaction in the United States.
  • This is brightfin’s 1st transaction in Utah.

M&A Deal Summary
Date 2021-05-04
Target MobiChord
Sector Software
Buyer(s) brightfin
Sellers(s) Periscope Equity
Deal Type Merger

Target

MobiChord

Salt Lake City, Utah, United States
MobiChord is a revolutionary, subscription-based software provider of Technology Expense Management solutions on the ServiceNow Platform. MobiChord extends the ServiceNow Platform to manage Mobile, Voice & Data, and Cloud assets, expenses, and services helping customers to preserve and generate budget become more productive, and get full visibility into their technology management programs. MobiChord was founded in 2013 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

brightfin

Centennial, Colorado, United States
Category Company
Founded 2021
Sector Software
DESCRIPTION

brightfin is a subscription-based software provider of IT Expense Management and IT Finance Management (ITFM) solutions offered natively through ServiceNow or as a SaaS platform. It helps companies manage IT assets and expenses related to mobile, telecom (fixed / voice & data), and cloud. brightfin was founded in 2021 and is based in Centennial, Colorado.

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Merger) 3 of 3
State (Utah) 1 of 1
Country (United States) 3 of 3
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Mobile Solutions

Centennial, Colorado, United States

Mobile Solutions is a SaaS company that provides full life-cycle Managed Mobility Services including procurement, staging and kitting, real-time expense management, business analytics, and reporting, account optimization. Mobile Solutions was founded in 2008 and is based in Centennial, Colorado.

Buy -

Seller(S) 1

SELLER

Periscope Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Periscope Equity is a private equity firm focused on acquiring lower middle-market tech-enabled business services companies. Periscope pursues companies valued up to $40 million with $10 to $100 million in revenue. Specific areas of interest include healthcare services, marketing services, business process outsourcing, SaaS, and security services. Periscope Equity was formed in 2012 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 6
Sector (Software) 1 of 1
Type (Merger) 2 of 2
State (Utah) 1 of 1
Country (United States) 4 of 6
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Mobile Solutions

Centennial, Colorado, United States

Mobile Solutions is a SaaS company that provides full life-cycle Managed Mobility Services including procurement, staging and kitting, real-time expense management, business analytics, and reporting, account optimization. Mobile Solutions was founded in 2008 and is based in Centennial, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 MAS Medical Staffing

Manchester, New Hampshire, United States

MAS Medical Staffing is a tech-enabled medical staffing agency, primarily serving long-term care (“LTC”) facilities in the Northeast region of the U.S. The company has amassed a community of over 3,400 active nurses that can be efficiently deployed within LTC, acute, and home-based care settings for per diem and travel nursing contracts. Its proprietary technology platform, MAESTRA, optimizes per diem shift fulfillment by directly linking facilities and their open shifts with nurses through a dynamic service marketplace application, streamlining credentialing, communication, and payroll to provide service for the nurses, healthcare facilities, and their patients. MAS Medical Staffing was founded in 2002 and is headquartered in Londonderry, New Hampshire.

Buy -
Mergr

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