M&A Deal Summary

Condeco Software Acquires Proxyclick

On January 18, 2022, Condeco Software acquired internet software and services company Proxyclick from Five Elms Capital

Acquisition Highlights
  • This is Condeco Software’s 1st transaction in the Internet Software and Services sector.
  • This is Condeco Software’s 1st transaction in Belgium.

M&A Deal Summary

Date 2022-01-18
Target Proxyclick
Sector Internet Software and Services
Buyer(s) Condeco Software
Sellers(s) Five Elms Capital
Deal Type Add-on Acquisition

Target

Proxyclick

Brussels, Belgium
Proxyclick is a cloud-based visitor management platform engineered to connect people in the workplace without compromising the health, security, or compliance objectives of the enterprise. Proxyclick was founded in 2010 and is based in Brussels, Belgium.

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Buyer(S) 1

Buyer

Condeco Software

London, United Kingdom

Category Company
Founded 2005
Sector Software
DESCRIPTION

Condeco Software is a provider of integrated hardware and software solutions which are designed to give companies all the tools they need to make the most of their workplaces, will now offer a combined platform which simplifies the process of video collaboration. Condeco Software was founded in 2005 and is based in London.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Belgium M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 Interactive Ideas

Hicksville, New York, United States

Interactive Ideas LLC (dba myvrm) is a software company with workflow automation expertise in video collaboration, content sharing, unified communications, virtual meetings and analytic.

Buy -

Seller(S) 1

SELLER

Five Elms Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Elms Capital is a private investment firm focused on investing in and partnering with founder-owned bootstrapped business services companies. The Firm will consider providing growth capital or to support shareholder liquidity needs. The Firm typically looks to invest $15 to $150 million of equity capital per transaction. Five Elms Capital was formed in 2006 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 15 of 18
Sector: Internet Software and Services M&A 7 of 8
Type: Add-on Acquisition M&A Deals 12 of 13
Country: Belgium M&A 1 of 1
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-22 LaborChart

Overland Park, Kansas, United States

LaborChart is a provider of workforce management software for specialty contractors and self-performing general contractors. LaborChart deepens the office and field connection by empowering contractors to better schedule, manage, forecast, and communicate with their workforces, ultimately improving profit margins. LaborChart was founded in 2014 and is based in Overland Park, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Outfit

Brisbane, Australia

Outfit is a provider of enterprise brand management solutions. Outfit allows amplifying the power of brands through automated marketing production. Outfit was founded in 2015 and is based in Brisbane, Australia.

Sell -