Investment Summary

Palisades Growth Capital Exits Visage Mobile

On May 4, 2021, brightfin invested in software company Visage Mobile from Palisades Growth Capital

Investment Highlights
  • This is brightfin’s 2nd transaction in the Software sector.
  • This is brightfin’s 3rd transaction in the United States.
  • This is brightfin’s 1st transaction in Tennessee.

Investment Summary

Date 2021-05-04
Target Visage Mobile
Sector Software
Investor(s) brightfin
Sellers(s) Palisades Growth Capital
Deal Type Merger

Target

Visage Mobile

Madison, Tennessee, United States
Visage Mobile offers complete visibility into any aspect of IT expense infrastructure from Wireless Expense Management to Wireline and Fixed Asset Expense Management. Visage Mobile was founded in 2001 and is based in Madison, Tennessee.

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Investor(S) 1

Investor

brightfin

Centennial, Colorado, United States

Category Company
Founded 2021
Sector Software
DESCRIPTION

brightfin is a subscription-based software provider of IT Expense Management and IT Finance Management (ITFM) solutions offered natively through ServiceNow or as a SaaS platform. It helps companies manage IT assets and expenses related to mobile, telecom (fixed / voice & data), and cloud. brightfin was founded in 2021 and is based in Centennial, Colorado.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 2 of 2
Type: Merger M&A Deals 3 of 3
State: Tennessee M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 MobiChord

Salt Lake City, Utah, United States

MobiChord is a revolutionary, subscription-based software provider of Technology Expense Management solutions on the ServiceNow Platform. MobiChord extends the ServiceNow Platform to manage Mobile, Voice & Data, and Cloud assets, expenses, and services helping customers to preserve and generate budget become more productive, and get full visibility into their technology management programs. MobiChord was founded in 2013 and is based in Salt Lake City, Utah.

Buy -

Seller(S) 1

DESCRIPTION

Palisades Growth Capital makes growth stage investments in technology, media, telecommunications, and business services companies. The Firm prefers companies headquartered in Southern California and seeks to invest $5 to $25million per transaction. Target companies generally have $5 to $25 million in revenue. Palisades Growth Capital was established in 2001 and is headquartered in Los Angeles.


DEAL STATS #
Overall 5 of 5
Sector: Software M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-28 Docupace Technologies

Holmdel, New Jersey, United States

Docupace Technologies provides secure and federal and state law compliant electronic processing platforms for financial institutions and the wealth management industry. It offers a web-based straight-through processing platform that helps financial services firms meet SEC/FINRA compliance requirements. Docupace Technologies was founded in 2002 and is based in Holmdel, New Jersey.

Sell -