Investment Summary

Catalyst Investors Invests In Ascentis

On December 1, 2012, venture capital firm Catalyst Investors invested in internet software and services company Ascentis

Investment Highlights
  • This is Catalyst Investors’ 10th transaction in the Internet Software and Services sector.
  • This is Catalyst Investors’ 41st transaction in the United States.
  • This is Catalyst Investors’ 1st transaction in Minnesota.
Investment Fate
  • Ascentis was sold to a consortium of financial buyers in 2017.
  • Ascentis was sold to a strategic buyer in 2022.

Investment Summary

Date 2012-12-01
Target Ascentis
Sector Internet Software and Services
Investor(s) Catalyst Investors
Deal Type Venture

Target

Ascentis

Eden Prairie, Minnesota, United States
Ascentis is a provider of cloud-based, software-as-a-service (SaaS) human capital management (HCM) solutions and integrated payroll services. Ascentis offers a comprehensive, end-to-end suite of human resources, benefits, payroll, timekeeping, and talent management products to more than 1,000 customers throughout the U.S. and Canada. The company’s SaaS-based solutions increase productivity by automating HR and payroll processes, reducing costs, providing meaningful insights into organizational trends, and empowering employees in all aspects of the HR and benefits process. Ascentis was founded in 1994 and is based in Eden Prairie, Minnesota.

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Investor(S) 1

Investor

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


DEAL STATS #
Overall 43 of 54
Sector: Internet Software and Services M&A 10 of 18
Type: Venture M&A Deals 7 of 16
State: Minnesota M&A 1 of 1
Country: United States M&A 41 of 52
Year: 2012 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 WeddingWire

Bethesda, Maryland, United States

WeddingWire is a global online marketplace, connecting consumers with local wedding professionals and a suite of comprehensive tools that make wedding planning easier. Operating within a $200 billion industry, WeddingWire helps 13 million couples every month find the right team of wedding professionals to personalize and pull off their special day. Consumers around the world are able to read more Permira VI G.P. Limited than 4 million vendor reviews and search, compare and book from a directory of over 400,000 vendors. Founded in 2007, the WeddingWire portfolio serves couples and wedding professionals across 15 countries in North America, Latin America, Europe and Asia. The company has more than 950 employees and is headquartered in Chevy Chase, Maryland, just outside of Washington, D.C., with international headquarters in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-25 Presence

New York, New York, United States

Presence is a provider of teletherapy and software solutions for special education-related services and behavioral mental health counseling in K-12 schools. The company connects speech-language pathologists, occupational therapists, and behavioral and mental health professionals with students through its proprietary Therapy Essentials software platform, and has delivered more than 3 million teletherapy sessions to hundreds of K-12 schools and districts across the U.S. through its network of over 1,500 certified clinicians. Presence was founded in 2009 and is based in New York, New York.

Buy -