M&A Deal Summary

Nuance Solutions Acquires Webmedx

On July 14, 2011, Nuance Solutions acquired information technology company Webmedx from Camden Partners and Ferrer Freeman

Acquisition Highlights
  • This is Nuance Solutions’ 2nd transaction in the Information Technology sector.
  • This is Nuance Solutions’ 9th transaction in the United States.
  • This is Nuance Solutions’ 1st transaction in Georgia.

M&A Deal Summary

Date 2011-07-14
Target Webmedx
Sector Information Technology
Buyer(s) Nuance Solutions
Sellers(s) Camden Partners
Ferrer Freeman
Deal Type Add-on Acquisition

Target

Webmedx

Atlanta, Georgia, United States
Webmedx is a provider of medical documentation services.

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Buyer(S) 1

Buyer

Nuance Solutions

Burlington, Massachusetts, United States

Category Company
Founded 1992
Sector Software
Employees7,100
Revenue 1.5B USD (2020)
DESCRIPTION
Nuance's corporate headquarters in Burlington, Massachusetts.
Nuance's corporate headquarters in Burlington, Massachusetts.

Nuance Solutions is a provider of speech and imaging solutions for businesses and consumers around the world. Nuance technologies, applications and services enable users calling directory assistance, getting account information, dictating patient records, telling a navigation system their destination, or digitally reproducing documents that can be shared and searched. Nuance Solutions was formed in 1992 and is based in Burlington, Massachusetts.


DEAL STATS #
Overall 11 of 26
Sector (Information Technology) 2 of 5
Type (Add-on Acquisition) 10 of 25
State (Georgia) 1 of 4
Country (United States) 9 of 22
Year (2011) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-21 Svox AG

Zurich, Switzerland

SVOX is a global provider of integrated voice recognition, speech synthesis and speech dialog solutions for the automotive and mobile device industries. SVOX sells its own automatic speech recognition (ASR), Speech (TTS), and full range of IVR solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Loquendo

San Francisco, California, United States

Loquendo is a Telecom Italia company.

Buy -

Seller(S) 2

SELLER

Camden Partners

Owings Mill, Maryland, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1995
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Camden Partners is a growth-oriented private investment firm focused on direct investments as well as structured capital solutions. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the technology, software, business services, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 8 of 26
Sector (Information Technology) 2 of 5
Type (Add-on Acquisition) 4 of 14
State (Georgia) 1 of 2
Country (United States) 8 of 25
Year (2011) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-28 Prolexic Technologies

Hollywood, Florida, United States

Prolexic Technologies IT security provider of Cloud-based cyber defense solutions, such as distributed denial-of-service (DDoS) detection and mitigation, for the Federal Government and Global 2000 customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-19 Essence Healthcare

Saint Louis, Missouri, United States

Essence Healthcare offers people with Medicare comprehensive and affordable health insurance that focuses on wellness, care coordination, and personal service. Essence’s Medicare Advantage plans bundle hospital, medical, and prescription drug coverage together into one plan with one affordable monthly premium, and include additional benefits not covered under the Original Medicare program. Essence Healthcare was formed in 2004 and is based in Saint Louis, Missouri.

Buy -
SELLER

Ferrer Freeman

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Ferrer Freeman & Co. (FFC) is a private equity firm that invests exclusively in healthcare companies generating sales minimum $20 to $200 million. FFC also invests in clinical products and outsourcing/infrastructure businesses serving the healthcare sector. FFC looks to commit $10 to $40 million per transaction and focuses primarily on growth capital financings and build-ups. However, the Firm will also selectively fund buyouts as well. Ferrer Freeman & Co. LLC was formed in 1995 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 15 of 24
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 10 of 15
State (Georgia) 1 of 1
Country (United States) 15 of 24
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-06 Vitalize Consulting Solutions

Kennett Square, Pennsylvania, United States

Vitalize Consulting Solutions is a provider of clinical, business and information technology (IT) services for healthcare enterprises.Vitalize Consulting Solutions primarily serves customers in the commercial hospital market that are implementing electronic health record (EHR) products and systems, providing a range of services including strategic consulting, system implementation and operational improvement.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-21 Vitalize Consulting Solutions

Kennett Square, Pennsylvania, United States

Vitalize Consulting Solutions is a provider of clinical, business and information technology (IT) services for healthcare enterprises.Vitalize Consulting Solutions primarily serves customers in the commercial hospital market that are implementing electronic health record (EHR) products and systems, providing a range of services including strategic consulting, system implementation and operational improvement.

Sell -