M&A Deal Summary

Granicus Acquires Rock Solid

On October 12, 2022, Granicus acquired information technology company Rock Solid from Strattam Capital

Acquisition Highlights
  • This is Granicus’ 3rd transaction in the Information Technology sector.
  • This is Granicus’ 1st transaction in Puerto Rico.

M&A Deal Summary
Date 2022-10-12
Target Rock Solid
Sector Information Technology
Buyer(s) Granicus
Sellers(s) Strattam Capital
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

Rock Solid

San Juan, Puerto Rico
Rock Solid is a software and IT services company recognized as one of the top software engineering companies in Puerto Rico, the United States, and Latin America. Rock Solid was recently selected to provide Respond, a citizen services software (311), for the cities of New Orleans, LA, and Winston-Salem, NC. New Orleans joins the list of cities where Rock Solid Technologies has a presence. In addition, the city of Burlington in Ontario, Canada, and more than thirty-five municipalities in Puerto Rico use the RESPOND tool as their platform to offer residents the ability to report issues and open requests for citizen services. Rock Solid was founded in 1994 and is based in San Juan, Puerto Rico.

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Buyer(S) 1

Buyer

Granicus

Denver, Colorado, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Granicus is a provider of cloud-based government transparency, legislative management and digital marketing solutions for government agencies across North America and the United Kingdom. The Company’s software solutions empower government organizations to create better lives for their constituents by enabling better decision making, communications and engagement while driving significant organizational efficiency via the automation of daily legislative workflows. Granicus was founded in 1999 and is based in Denver, Colorado.

DEAL STATS #
Overall 12 of 14
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 11 of 12
Country (Puerto Rico) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 GovQA

Woodridge, Illinois, United States

GovQA is a provider of public records and enterprise workflow solutions for the government. GovQA's Exchange Platform enables agencies to action all information in response to any urgent request. Ultimately, it helps them move away from slow, error-prone manual processes reducing paperwork, improving collaboration, and increasing the quality of services they provide. GovQA was founded in 2000 and is based in Woodridge, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 SmartGov

Cary, North Carolina, United States

SmartGov delivers digital experience for the public to conduct frequent transactions with government agencies and is designed to automate and streamline administrative processes for government staff. SmartGov is based in Cary, North Carolina.

Buy -

Seller(S) 1

SELLER

Strattam Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

Strattam Capital is a private equity firm focused on investing in and acquiring profitable information technology companies. Specific areas of interest include enterprise software, digital infrastructure, and tech-enabled services. Strattam pursues companies with revenues valued from $10 to $30 million and will consider opportunities throughout the US and Canada. Strattam Capital was formed in 2013 and is based in Austin, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (Puerto Rico) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Intellect

Los Angeles, California, United States

Intellect is a disruptive provider of highly flexible compliance management software that enables organizations to seamlessly comply with ISO, FDA, EPA, and OSHA manufacturing standards and regulations without having to change their internal processes. Intellect offers a comprehensive Environmental, Health, Safety, and Quality (EHSQ) solution built on a no-code compliance platform for mid-market and enterprise companies. Intellect was formed in 2000 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 SciShield

Boston, Massachusetts, United States

SciShield provider of safety and regulatory compliance management software for scientific laboratories. SciShield’s customers range from small biotechs and life science incubators to over a third of the top-tier (R1) research institutions, and top-10 pharmaceutical companies. SciShield was founded in 2003 and is based in Boston, Massachusetts.

Buy -
Mergr

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