Investment Summary

Greater Sum Ventures and PSG Invest In Stax

On December 1, 2020, private equity firm Greater Sum Ventures and growth capital firm PSG invested in internet software and services company Stax

Investment Highlights
  • This is Greater Sum Ventures’ 1st and PSG’s 18th transaction in the Internet Software and Services sector.
  • This is Greater Sum Ventures’ 7th and PSG’s 38th transaction in the United States.
  • This is Greater Sum Ventures’ 2nd and PSG’s 1st transaction in Florida.

Investment Summary

Date 2020-12-01
Target Stax
Sector Internet Software and Services
Investor(s) Greater Sum Ventures
PSG
Deal Type Growth Capital

Target

Stax

Orlando, Florida, United States
Stax provides businesses and SaaS platforms the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions. Stax was founded in 2014 and is based in Orlando, Florida.

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Investor(S) 2

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 7 of 12
Sector: Internet Software and Services M&A 1 of 2
Type: Growth Capital M&A Deals 4 of 7
State: Florida M&A 2 of 4
Country: United States M&A 7 of 12
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 ProfitSolv

Knoxville, Tennessee, United States

ProfitSolv is a provider of software solutions for legal, accounting, and other professional services firms including consulting, architecture, and engineering. ProfitSolv is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 MedSuite

Knoxville, Tennessee, United States

MedSuite is a software company serving the behavioral health market with a broad portfolio of technology solutions. Focused on providing differentiated clinical and back-office tools for both outpatient and inpatient behavioral health facilities, MedSuite's solutions help manage electronic health records (EHR), medication administration records (eMAR), treatment programs, and revenue cycle management. MedSuite is based in Knoxville, Tennessee.

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Investor

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 50 of 130
Sector: Internet Software and Services M&A 18 of 50
Type: Growth Capital M&A Deals 21 of 74
State: Florida M&A 1 of 5
Country: United States M&A 38 of 91
Year: 2020 M&A 14 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Signaturit

Barcelona, Spain

Signaturit is a provider of cloud-based Trust Services that offers eSignature, eDelivery and eID solutions. Signaturit was founded in 2013 and is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 NoFraud

New York, New York, United States

NoFraud is an all-in-one fraud prevention solution that leverages a combination of human intelligence and AI-powered, multi-layered fraud screening technology to instantly detect and block fraudulent orders in real-time, eliminating chargebacks and boosting order approval rates. The company's proprietary process takes care of fraud from start to finish, no merchant involvement required. With competitive rates, the industry's highest order approval rates, and guaranteed chargeback protection, NoFraud was formed in 2014 and is based in New York, New York.

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