M&A Deal Summary

Daxko Acquires Zen Planner

On March 20, 2017, Daxko acquired internet software and services company Zen Planner from Mainsail Partners

Acquisition Highlights
  • This is Daxko’s 2nd transaction in the Internet Software and Services sector.
  • This is Daxko’s 4th transaction in the United States.
  • This is Daxko’s 1st transaction in Kansas.

M&A Deal Summary
Date 2017-03-20
Target Zen Planner
Sector Internet Software and Services
Buyer(s) Daxko
Sellers(s) Mainsail Partners
Deal Type Add-on Acquisition

Target

Zen Planner

Leawood, Kansas, United States
Zen Planner LLC is a developer of cloud-based business management software for the health and fitness community. The Company’s cloud platform provides end-to-end business management functionality for a studio owner, including: marketing campaigns, customer relationship management, automated online payments, class and appointment scheduling, event registration, expense tracking, and detailed financial reporting across multiple studios or locations.

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Buyer(S) 1

Buyer

Daxko

Birmingham, Alabama, United States
Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION

Daxko provides SaaS solutions to organizations including YMCA/YWCAs, JCCs, health clubs, wellness centers and recreation facilities. The Company’s products help more than 1,200 organizations manage their scheduling and daily operations, member management and engagement, accounting, event registration, payment services, and mobile applications. Daxko was founded in 1998 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 4 of 12
Sector (Internet Software and Services) 2 of 4
Type (Add-on Acquisition) 4 of 12
State (Kansas) 1 of 1
Country (United States) 4 of 12
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-10 CSI Software

Houston, Texas, United States

CSI Software, Inc. is a provider of fully integrated membership management software and mobile applications to health and fitness clubs,campus recreation centers, parks and recreation facilities, wellness centers and hotels and fitness resorts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Club Automation

Bannockburn, Illinois, United States

Club Automation LLC is a provider of health club management software for consumer-based businesses, including health & athletic clubs and medically integrated wellness centers. Club Automation was founded in 2007 and is based in Bannockburn, Illinois.

Buy -

Seller(S) 1

SELLER

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco.

DEAL STATS #
Overall 11 of 26
Sector (Internet Software and Services) 2 of 5
Type (Add-on Acquisition) 7 of 18
State (Kansas) 2 of 2
Country (United States) 11 of 26
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 ServiceTitan

Glendale, California, United States

ServiceTitan is a mobile, cloud-based software platform that helps home services companies streamline operations, improve customer service, and increase sales. ServiceTitan was founded in 2012 and is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Zego

San Diego, California, United States

Zego is a payments technology and resident engagement platform for the residential real estate industry that unifies critical resident touchpoints into one app. The Company’s mobile-first platform delivers portfolio-wide efficiency, higher NOI and more engaged residents by seamlessly integrating payment, billing and utility expense management capabilities with a proprietary resident engagement and communication portal. Zego also provides smart home device functionality. Zego serves 6,000 residential real estate companies and over 12 million units nationwide. Zego was founded in 2003 and is based in San Diego, California.

Sell -
Mergr

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