M&A Deal Summary

Cority Acquires Enviance

On January 22, 2020, Cority acquired internet software and services company Enviance from Battery Ventures

Acquisition Highlights
  • This is Cority’s 2nd transaction in the Internet Software and Services sector.
  • This is Cority’s 2nd transaction in the United States.
  • This is Cority’s 1st transaction in California.

M&A Deal Summary

Date 2020-01-22
Target Enviance
Sector Internet Software and Services
Buyer(s) Cority
Sellers(s) Battery Ventures
Deal Type Add-on Acquisition

Target

Enviance

Carlsbad, California, United States
Enviance is a provider of cloud-based environmental, health and safety (EHS) software, leveraging cloud computing technology to deliver its platform online in real-time—anytime, anywhere and enterprise-wide.

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Buyer(S) 1

Buyer

Cority

Toronto, Ontario, Canada

Category Company
Founded 1985
Sector Software
DESCRIPTION

Cority provides organizations to utilize EHSQ software to advance their journey to sustainability and operational excellence by combining the deepest domain expertise with the most comprehensive and secure true SaaS platform. Cority was founded in 1985 and is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 4
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 Axion Health

Broomfield, Colorado, United States

Axion Health, Inc. is a provider in Occupational and Employee Health Software solutions to healthcare companies and institutions. Axion Health’s SaaS solution, ReadySet, is designed to improve employee health programs, compliance, workflow and best practices. ReadySet offers role-based access for employees, management, clients, and recruiters to efficiently streamline processes, protect PHI, and report system-wide in real time. Axion Health, Inc. was founded in 2004 and is based in Broomfield, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 WeSustain

Buxtehude, Germany

WeSustain is a specialist in developing innovative software solutions designed to support responsible business management and thought leaders at the intersection of environmental, social, and governance (ESG) with digitization. WeSustain was founded in 2010 and is based in Buxtehude, Germany.

Buy -

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 45 of 64
Sector (Internet Software and Services) 10 of 13
Type (Add-on Acquisition) 23 of 34
State (California) 8 of 12
Country (United States) 39 of 51
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Craftview

Frankfurt, Germany

Craftview provides business management software and mobile tools for SME craftsmen companies located primarily in Europe. Craftview is based in Frankfurt, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 Tech Soft 3D

Bend, Oregon, United States

Tech Soft 3D is a global provider of development tools that help software teams deliver successful applications. The company’s toolkit products power nearly 500 unique applications running on hundreds of millions of computers worldwide. Tech Soft 3D was founded in 1996 and is based in Bend, Oregon.

Buy -