M&A Deal Summary

OnBoard Acquires Govenda

On May 23, 2024, OnBoard acquired information technology company Govenda from Growth Street Partners

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

M&A Deal Summary
Date 2024-05-23
Target Govenda
Sector Information Technology
Buyer(s) OnBoard
Sellers(s) Growth Street Partners
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson & Co. (Financial)

Target

Govenda

Pittsburgh, Pennsylvania, United States
Govenda is a board portal and corporate governance software platform that equips corporate boards, C-suites, and in-house legal counsel with advanced capabilities to unify governance workflows to reduce compliance risks and improve decision-making. Govenda is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

OnBoard

Indianapolis, Indiana, United States
Category Company
Founded 2002
Sector Software
DESCRIPTION

OnBoard makes informed, effective, and uncomplicated meetings that give boards and leadership teams an elegant solution to simplify governance. Today, OnBoard serves as the board intelligence platform for more than 2,600 organizations and their 12,000 boards and committees in 32 countries worldwide. With customers in higher education, nonprofit, health care systems, government, and corporate enterprise business, OnBoard is the leading board management provider. OnBoard was founded in 2002 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 OnSemble

United States

OnSemble intranet portal provides a full communication platform that activates a company’s culture by keeping employees informed, aligned, engaged, and enabled.

Sell -

Seller(S) 1

SELLER

Growth Street Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2016
PE ASSETS 200M USD
Size Small
Type Sector Focused
DESCRIPTION

Growth Street Partners is a private investment group focused on providing growth capital to founder led SaaS and tech-enabled services companies across the US. The Firm looks to invest $3 to $15 million in businesses generating $1 to $5 million in annual revenue run rates. Growth Street Partners was formed in 2016 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 3 of 4
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 LineLeader

Irving, Texas, United States

LineLeader offers childcare center owners and directors a comprehensive, web-based customer relationship and marketing automation system specifically designed for the childcare industry. LineLeader was founded in 2009 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Visual Lease

Woodbridge, New Jersey, United States

Visual Lease is an accounting software provider including comprehensive and sophisticated real estate and equipment lease management and accounting software platforms for public and private companies, government entities and other organizations with 50 to 20,000+ leases. Visual Lease was founded in 1995 and is based in Woodbridge, New Jersey.

Sell -
Mergr

Product

Company

Legal