M&A Deal Summary |
|
|---|---|
| Date | 2021-11-16 |
| Target | SimpleNexus |
| Sector | Software |
| Buyer(s) | nCino |
| Sellers(s) | TVC Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.2B USD |
| Advisor(s) | Willkie Farr & Gallagher (Legal) |
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| Category | Company |
|---|---|
| Founded | 2011 |
| Sector | Internet Software and Services |
| Employees | 1,791 |
| Revenue | 408M USD (2023) |
nCino is a provider of cloud-banking services for the banking industry to enhance the customer experience for onboarding, loans, and deposits across all lines of business. Transforming how financial institutions operate through innovation, reputation, and speed nCino works with more than 1,100 financial institutions globally whose assets range in size from $30 million to $2 trillion. nCino was formed in 2011 and is based in Wilmington, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Software) | 1 of 2 |
| Type (Add-on Acquisition) | 2 of 4 |
| State (Utah) | 2 of 2 |
| Country (United States) | 2 of 3 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-16 |
Visible Equity
Salt Lake City, Utah, United States Visible Equity is a provider of analytics, data warehousing, and reporting that helps financial institutions identify, measure, and monitor risks and opportunities. Visible Equity is Based in Salt Lake City, Utah. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-18 |
DocFox
Boston, Massachusetts, United States DocFox is a provider of commercial bank account opening software that streamlines and reduces business account opening duration from weeks to hours. It is an account opening solution that is purpose-built for commercial accounts with the mission to create commercial account openings that banks and their clients love. DocFox was founded in 2016 and is based in Boston, Massachusetts. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 235M USD |
| Size | Small |
| Type | Sector Agnostic |
TVC Capital is a software-focused growth equity firm. TVC looks to invest in lower middle market software and software-enabled service firms in a variety of sub-sectors. Specific areas of interest include financial services, content/data management, predictive analysis, wireless, storage, internet, SaaS, digital media, and security. TVC will consider both later-stage investment situations as well as buyout, recapitalization, and restructuring transactions. TVC Capital was formed in 2006 and is based in San Diego, California.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 14 |
| Sector (Software) | 6 of 8 |
| Type (Add-on Acquisition) | 8 of 11 |
| State (Utah) | 1 of 1 |
| Country (United States) | 10 of 14 |
| Year (2021) | 2 of 2 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-05 |
Reach Engine
Denver, Colorado, United States Reach Engine orchestrates the media production cycle for more than 70 enterprise media clients across media & entertainment, sports & live events, and the corporate media spaces. Reach Engine was formed in 2007 and is based in Denver, Colorado. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-30 |
Spothopper
Milwaukee, Wisconsin, United States Spothopper is an end-to-end digital presence and marketing suite for restaurants. The Company's platform offers the most immersive and engaging content management system for restaurants’ websites, which is surrounded by solutions for catering and private party management, online ordering, email, and social media marketing automation, loyalty programs, business analytics, and more. Spothopper was founded in 2015 and is based in Milwaukee, Wisconsin. |
Buy | - |
