M&A Deal Summary

iMedX Acquires Prevalent

On July 8, 2019, iMedX acquired information technology company Prevalent from Insight Partners

Acquisition Highlights
  • This is iMedX’s 2nd transaction in the Information Technology sector.
  • This is iMedX’s 4th transaction in the United States.
  • This is iMedX’s 1st transaction in Arizona.

M&A Deal Summary

Date 2019-07-08
Target Prevalent
Sector Information Technology
Buyer(s) iMedX
Sellers(s) Insight Partners
Deal Type Add-on Acquisition

Target

Prevalent

Phoenix, Arizona, United States
Prevalent provides software and services to eliminate the security and compliance exposures that come from working with vendors, suppliers and other third parties. Prevalent was founded in 2004 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

iMedX

Atlanta, Georgia, United States

Category Company
Sector Software
DESCRIPTION

iMedX provides web-based software products and related medical transcription services to small physician practices, clinics, and hospitals throughout the U.S. The company's products include TurboScribe (medical transcriptions), TurboRecord (electronic medical records) and TurboRx (electronic prescriptions). iMedX is based in Atlanta, Georgia.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Arizona M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Axcension

Katy, Texas, United States

Axcension, Inc. delivers high-quality, web-based applications and services, tailored to specific needs and aimed at achieving measurable improvements in clients core business processes. Axcension firmly believes that having quality people is the key to building strong business relationships.

Buy -

Seller(S) 1

SELLER

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 21 of 48
Sector: Information Technology M&A 4 of 9
Type: Add-on Acquisition M&A Deals 6 of 15
State: Arizona M&A 1 of 1
Country: United States M&A 21 of 41
Year: 2019 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Recorded Future

Somerville, Massachusetts, United States

Recorded Future is a technology that collects and analyzes vast amounts of data to deliver relevant cyber threat insights in real time. Recorded Future solution aggregates this rich intelligence with any other threat data sources, empowering security teams to collaborate on analysis and delivering intelligence wherever need it most, including rapid integration with existing security solutions. Recorded Future was founded in 2009 and is based in Somerville, Massachusetts.

Buy $780M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Fourth

Austin, Texas, United States

Fourth is a cloud-based (SaaS) provider of hospitaliy management systems. Fourth was founded in 1999 and is based in Austin, Texas.

Sell -