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M&A Deal Summary

Greater Sum Ventures Acquires Strax Intelligence Group

On March 21, 2024, private equity firm Greater Sum Ventures acquired information technology company Strax Intelligence Group

Acquisition Highlights
  • This is Greater Sum Ventures’ 3rd transaction in the Information Technology sector.
  • This is Greater Sum Ventures’ 12th transaction in the United States.
  • This is Greater Sum Ventures’ 4th transaction in Florida.

M&A Deal Summary
Date 2024-03-21
Target Strax Intelligence Group
Sector Information Technology
Buyer(s) Greater Sum Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Strax Intelligence Group

Boca Raton, Florida, United States
Strax Intelligence Group provides a common operating platform designed for real-time response. Strax Intelligence Group platform allows public safety agencies and private security organizations to improve collaboration across agencies and command structures for a faster, more coordinated response. Integrated public, private, and manned/unmanned video feeds increase situational awareness and real-time access to nearby cameras in a single operational view, enabling expedited decision-making and enhancing officer and community safety. Strax Intelligence Group is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

Greater Sum Ventures

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

Greater Sum Ventures is a private equity firm focused on investing in US-based technology companies. Areas of interest include software, SaaS, technology-enabled information services, and technology-enabled business services. Prospective transaction situations include buyouts, growth capital financings, and recapitalizations. Greater Sum Ventures was formed in 2015 and is headquartered in Knoxville, Tennessee.

DEAL STATS #
Overall 12 of 12
Sector (Information Technology) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Florida) 4 of 4
Country (United States) 12 of 12
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 PracticeTek

San Diego, California, United States

PracticeTek provides practice management, patient engagement, integrated payments and other software solutions to the retail healthcare market. The PracticeTek platform helps retail healthcare practices digitally manage their business and the entire patient journey process including client acquisition, engagement, visits, and billing and payments. PracticeTek was founded in 2020 and is based in San Diego, California.

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