M&A Deal Summary

Mphasis Acquires Silverline

On October 12, 2023, Mphasis acquired software company Silverline from Pamlico Capital

Acquisition Highlights
  • This is Mphasis’ 1st transaction in the Software sector.
  • This is Mphasis’ 4th transaction in the United States.
  • This is Mphasis’ 1st transaction in New York.

M&A Deal Summary
Date 2023-10-12
Target Silverline
Sector Software
Buyer(s) Mphasis
Sellers(s) Pamlico Capital
Deal Type Add-on Acquisition

Target

Silverline

New York, New York, United States
Silverline is a pure-play Salesforce services partners, focused exclusively on helping clients deploy and manage Salesforce’s portfolio of products. With a focus on the financial services and healthcare verticals, Silverline has deep industry expertise and proprietary IP to provide differentiated and transformational solutions to its clients. Silverline was founded in 2009 and is based in New York City.

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Buyer(S) 1

Buyer

Mphasis

Bangalore, India
Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

Mphasis Ltd. is an IT solutions provider, offering Applications, Business Process Outsourcing (BPO) and Infrastructure services globally through a combination of technology knowhow, domain and process expertise.

DEAL STATS #
Overall 5 of 5
Sector (Software) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Blink UX

Seattle, Washington, United States

Blink UX is a user experience research and design company specializing in digital products. With studios in Austin, Boston, San Diego, San Francisco, and Seattle, Blink brings two decades of experience using the evidence-driven design processes to projects for clients such as Amazon, Microsoft, NASA, and Starbucks. Blink UX was founded in 2000 and is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 60 of 61
Sector (Software) 6 of 7
Type (Add-on Acquisition) 31 of 32
State (New York) 7 of 7
Country (United States) 58 of 59
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 TRG Screen

New York, New York, United States

TRG Screen is a provider of software used to monitor and manage subscription spend and usage across the entire enterprise. TRG Screen’s clients realize immediate ROI and significant long-term cost savings, transparency into their purchased subscriptions, improvements of their workflows and a higher degree of compliance with their vendor contracts. TRG Screen was founded in 1998 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-08 Beck Technology

Dallas, Texas, United States

Beck Technology provides preconstruction software platform. The company’s flagship estimating solution helps contractors build and collaboratively iterate on detailed project cost estimates leveraging historical cost data. Beck Technology has incorporated new functionality into its product offering, such as project takeoff / design features and subcontractor bid management. Beck Technology was founded in 1996 and is based in Dallas, Texas.

Buy -
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