M&A Deal Summary

Maxio Acquires Chargify

On April 13, 2022, Maxio acquired information technology company Chargify from Battery Ventures

Acquisition Highlights
  • This is Maxio’s 1st transaction in the Information Technology sector.
  • This is Maxio’s 1st transaction in the United States.
  • This is Maxio’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-04-13
Target Chargify
Sector Information Technology
Buyer(s) Maxio
Sellers(s) Battery Ventures
Deal Type Merger

Target

Chargify

San Antonio, Texas, United States
Chargify is a billing and revenue management platform for fast-growing SaaS businesses. Chargify started out as a team within Grasshopper focused on the core needs of recurring billing. Over the past decade, Chargify has expanded its offerings to address the complexities of SaaS revenue management, with core functionalities in elastic billing, revenue operations, and SaaS-tailored insights. Chargify was founded in 2009 and is based in San Antonio, Texas.

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Buyer(S) 1

Buyer

Maxio

Peachtree Corners, Georgia, United States
Category Company
Founded 2009
Sector Internet Software and Services
DESCRIPTION

Maxio is a subscription management platform that automates financial operations for growing B2B SaaS businesses. A cloud-based solution, the SaaSOptics platform allows businesses to pull accurate SaaS metrics and analytics quickly, scale billing and payments smoothly and automate GAAP/IFRS-compliant revenue recognition. Maxio was founded in 2009 and is based in Peachtree Corners, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 57 of 64
Sector (Information Technology) 8 of 9
Type (Merger) 4 of 4
State (Texas) 9 of 9
Country (United States) 48 of 51
Year (2022) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Fisher International

South Norwalk, Connecticut, United States

Fisher International supports the pulp and paper industry with business intelligence and strategy consulting services. With research resources in nearly every pulp and paper producing country in the world, Fisher’s comprehensive databases, analytical technologies, and expert consultants are used by the paper industry around the world every day. Fisher International was founded in 1985 and is headquartered in South Norwalk, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 SPT Labtech

Melbourn, United Kingdom

SPT Labtech is a manufacturer of liquid-handling instrumentation and sample- storage systems for sample-preparation and sample-management applications. The company’s products are used for process control and to optimize workflow efficiency across a variety of tasks in the pharmaceutical, biotechnology and academic-research markets. SPT Labtech was founded in 2001 and is based in Melbourn, United Kingdom.

Sell £650M
Mergr

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