Secondary Buyout • Internet Software and Services

JMI Equity Acquires Intradiem

On May 7, 2015, private equity firm JMI Equity acquired internet software and services company Intradiem from River Cities Capital Funds and First Analysis

Acquisition Context
  • This is JMI Equity’s 18th transaction in the Internet Software and Services sector.
  • This is JMI Equity’s 69th transaction in the United States.
  • This is JMI Equity’s 2nd transaction in Georgia.

Explore All 375 Secondary Buyout Internet Software and Services Deals - Search the Database Free


M&A Deal Summary

Date May 7, 2015
Target Intradiem
Sector Internet Software and Services
Buyer(s) JMI Equity
Sellers(s) River Cities Capital Funds
First Analysis
Deal Type Secondary Buyout

Target Company

Intradiem

Marietta, Georgia, United States
Intradiem is a provider of a SaaS-based solution that automates intraday management and real-time processes and turns frontline workforces into real-time workforces that can adapt and respond to changing conditions and events throughout the day. Intradiem was founded in 1995 and is based in Marietta, Georgia.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


Deal Context for Buyer #
Overall 76 of 130
Sector: Internet Software and Services 18 of 46
Type: Secondary Buyout 5 of 10
State: Georgia 2 of 5
Country: United States 69 of 114
Year: 2015 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-24 Rsam

Secaucus, New Jersey, United States

Rsam is a provider of Governance, Risk and Compliance (“GRC”) software platform. The Rsam Platform delivers unparalleled flexibility for companies to leverage out-of-the-box solutions and build-your-own (BYO) applications for a wide range of compliance, risk, and security functions. Premier organizations and government regulators rely on Rsam to obtain superior intelligence, control, and visibility of their enterprise-wide GRC and security posture.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 Unison

McLean, Virginia, United States

Unison is a provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors. All software development and support are done within the USA. For over 30 years, Unison has continually advanced software and insight solutions to help Federal programs efficiently achieve their missions. Unison was founded in 1983 and is based in McLean, Virginia.

Sell -

Seller Profiles 2

SELLER
DESCRIPTION

River Cities Capital Funds is a growth equity investment firm focused on healthcare services and information technology companies. River Cities seeks to invest $5 to $15 million in companies with at least $5 million in revenue. The Firm generally targets companies that pursue large, established markets with disruptive, “better, faster, cheaper” solutions. River Cities Capital Funds was established in 1994 and is headquartered in Cincinnati, Ohio.


Deal Context for Seller #
Overall 5 of 10
Sector: Internet Software and Services 1 of 2
Type: Secondary Buyout 2 of 2
State: Georgia 1 of 1
Country: United States 5 of 10
Year: 2015 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 GoCanvas

Reston, Virginia, United States

GoCanvas is a mobile platform that makes it simple for any business to automate how work is done, replacing outdated processes and expensive paperwork. The GoCanvas App works on all smartphones and tablets, helping companies easily collect information across their organization, share it instantly with others and gain real-time insights on their business operations. GoCanvas was founded in 2008 and is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 SurgiQuest

Milford, Connecticut, United States

SurgiQuest is a developer, manufacturer and marketer of access technologies for minimally invasive surgery equipment. SurgiQuest was formed in 2005 and is based in Milford, Connecticut.

Sell $265M
SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 54 of 73
Sector: Internet Software and Services 2 of 4
Type: Secondary Buyout 8 of 11
State: Georgia 3 of 3
Country: United States 54 of 72
Year: 2015 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Arthrex

Naples, Florida, United States

Arthrex develops and manufactures orthopedic implants for wrist, ankle, and collarbone fractures that provide important benefits compared to casting, slinging, or traditional surgical plates. Arthrex was formed in 1981 and is based in Naples, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-06 TransForce

Alexandria, Virginia, United States

TransForce is a tech-enabled workforce solutions firm that serves the transportation and logistics industry with three primary service lines: Employment Solutions, Digital Solutions and Education & Training. TransForce serves a diverse customer base of third-party logistics, private fleets, insurance companies, local governments and veterans. TransForce was founded in 1991 and is based in Alexandria, Virginia.

Sell -