M&A Deal Summary

NewWave Telecom & Technologies Acquires iQuartic

On May 31, 2019, NewWave Telecom & Technologies acquired internet software and services company iQuartic from Boston Millennia Partners

Acquisition Highlights
  • This is NewWave Telecom & Technologies’ 1st transaction in the Internet Software and Services sector.
  • This is NewWave Telecom & Technologies’ 1st transaction in the United States.
  • This is NewWave Telecom & Technologies’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2019-05-31
Target iQuartic
Sector Internet Software and Services
Buyer(s) NewWave Telecom & Technologies
Sellers(s) Boston Millennia Partners
Deal Type Add-on Acquisition

Target

iQuartic

Boston, Massachusetts, United States
iQuartic, Inc. is a developer of cloud platforms to network and data-mine EHR and other data for the healthcare industry. iQuartic was founded in 2012 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

NewWave Telecom & Technologies

Elkridge, Maryland, United States

Category Company
Founded 2004
Sector Information Technology
DESCRIPTION

NewWave Telecom & Technologies, Inc. is specialized in creating strategic Healthcare IT arrangements utilizing best in class advancements. NewWave Telecom & Technologies was founded in 2004 and is based in Elkridge, Maryland.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER
DESCRIPTION

Boston Millenia Partners is a growth capital investment firm focused rapidly growing business services and healthcare companies. The Firm generally looks to invest $3 to $10 million in companies at or near profitability with $3 to $30 million in sales. Boston Millenia's geographic preference is for opportunities in the Eastern half of the US. Boston Millenia Partners was formed in 1984 and has a single office in Boston.


DEAL STATS #
Overall 11 of 15
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 10
State: Massachusetts M&A 5 of 5
Country: United States M&A 11 of 15
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Forefront Telecare

Hamilton, New Jersey, United States

Forefront Telecare is a provider of behavioral services via Telehealth to vulnerable populations across the country, with a focus on high acuity psychiatric patients in rural markets, Forefront offers services to hospitals, skilled nursing facilities, and clinics that have limited access to behavioral health practitioners. Forefront Telecare was founded in 2010 and is based in Hamilton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Reveleer

Glendale, California, United States

Reveleer is a healthcare software and services company that enables payers to independently execute and manage every aspect of provider outreach, retrieval, coding, abstraction, and reporting. Reveleer is based in Glendale, California.

Buy -