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  6. Diversis Capital and Lead Edge Capital Invest In Tempo Software

Investment Summary

Diversis Capital and Lead Edge Capital Invest In Tempo Software

On November 19, 2018, private equity firm Diversis Capital and growth capital firm Lead Edge Capital invested in internet software and services company Tempo Software from Origo

Investment Highlights
  • This is Diversis Capital’s 1st and Lead Edge Capital’s 8th transaction in the Internet Software and Services sector.
  • This is Diversis Capital’s 8th and Lead Edge Capital’s 10th transaction in the United States.
  • This is Diversis Capital’s 1st and Lead Edge Capital’s 2nd transaction in Massachusetts.

Investment Summary
Date 2018-11-19
Target Tempo Software
Sector Internet Software and Services
Investor(s) Diversis Capital
Lead Edge Capital
Sellers(s) Origo
Deal Type Stake Purchase

Target

Tempo Software

Boston, Massachusetts, United States
Tempo Software provides a user-friendly, high-performance software suite for time tracking, resource management, and budgeting. Tempo enables organizations to plan, optimize, and manage resources, budget, and track project costs, and track and report time for team efficiency. Tempo Software was founded in 1987 and is based in Boston, Massachusetts.

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Investor(S) 2

Investor

Diversis Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Diversis Capital is a private equity firm focused on acquiring small to mid-sized North American and European companies in a variety of industry sectors. The Firm will consider a range of transaction situations including corporate carve-outs, buyouts, management partnerships, shareholder liquidity needs, turnarounds, and special situations. Sectors of interest include technology, consumer, healthcare, telecom, industrial, and services. Diversis Capital was formed in 2013 and is based in Santa Monica, California.

DEAL STATS #
Overall 8 of 19
Sector: Internet Software and Services M&A 1 of 5
Type: Stake Purchase M&A Deals 1 of 1
State: Massachusetts M&A 1 of 2
Country: United States M&A 8 of 16
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Blue Software

Des Plaines, Illinois, United States

BLUE Software LLC is a provider of artwork and label management software-as-a-service solutions to global brands in the consumer packaged goods, pharmaceutical and life sciences, and retail industries. Blue Software was founded in 2014 and is based in Des Plaines, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 PureCars

Atlanta, Georgia, United States

PureCars is an operator of the digital advertising platform for the automotive industry. PureCars unlocks dealerships full sales potential with data-driven, multi-channel technology solutions and expert digital strategy teams. By utilizing its extensive data library and proprietary technology, PureCars’ marketing automation and business intelligence solutions enable dealers to capture more customers, optimize spend efficiency and maximize profitability. PureCars was founded in 2007 and is based in Atlanta, Georgia.

Buy -
Investor

Lead Edge Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $25 to $300 million. Lead Edge Capital was established in 2009 and is headquartered in New York, New York.

DEAL STATS #
Overall 13 of 54
Sector: Internet Software and Services M&A 8 of 27
Type: Stake Purchase M&A Deals 2 of 4
State: Massachusetts M&A 2 of 5
Country: United States M&A 10 of 44
Year: 2018 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Second Nature

Raleigh, North Carolina, United States

Second Nature is a home air filter subscription service, delivering high-quality, USA-manufactured furnace and air conditioning filters straight to customers' doors. Second Nature was founded in 2012 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Weave

Lehi, Utah, United States

Weave offers long-distance and local calling services; two-way text messaging services. The company's products include Customized Phone System, Weave Text Messaging, Weave Missed Call Text, Weave Team, and Weave Mobile App to text customers, request payments, and receive and make calls. Weave was founded in 2008 and is headquartered in Lehi, Utah.

Buy -

Seller(S) 1

SELLER

Origo

Reykjavik, Iceland
Category Company
Founded 1946
Sector Information Technology
DESCRIPTION

Origo offers a comprehensive portfolio of solutions to help customers achieve improvements in their operations through ERP business solutions, Managed Services, Software development, IT infrastructure and IT hardware solutions. Origo was founded in 1946 and is based in Reykjavik, Iceland.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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