M&A Deal Summary

OpenVault Acquires VelociData

On December 8, 2021, OpenVault acquired software company VelociData from NewSpring Capital

Acquisition Highlights
  • This is OpenVault’s 1st transaction in the Software sector.
  • This is OpenVault’s 1st transaction in the United States.
  • This is OpenVault’s 1st transaction in Missouri.

M&A Deal Summary

Date 2021-12-08
Target VelociData
Sector Software
Buyer(s) OpenVault
Sellers(s) NewSpring Capital
Deal Type Add-on Acquisition

Target

VelociData

St. Louis, Missouri, United States
VelociData is a provider of single platform for real-time visibility of streaming network traffic data, enabling you to easily understand the complete state of your network and to act quickly in response to risks, threats and opportunities. VelociData was founded in 2012 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

OpenVault

Jersey City, New Jersey, United States

Category Company
Sector Information Technology
DESCRIPTION

OpenVault is a provider of broadband technology solutions and data-driven insights into worldwide broadband consumption patterns. OpenVault is based in Jersey City, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Missouri M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 76 of 92
Sector: Software M&A 7 of 8
Type: Add-on Acquisition M&A Deals 42 of 52
State: Missouri M&A 2 of 2
Country: United States M&A 75 of 91
Year: 2021 M&A 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Vacasa

Portland, Oregon, United States

Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Central Bark

Philadelphia, Wisconsin, United States

Central Bark is a dog daycare industry pioneer. The brand has drawn in dogs and their owners across the U.S. to experience its Enrichment Doggy Day Care, which combines Central Bark’s industry-leading doggy day care expertise with the latest in canine behavioral science. Central Bark also offers dog boarding, baths, grooming, a retail market, training, and more to local dog owners. Central Bark was founded in 2003 and is based in Philadelphia, Wisconsin.

Buy -