Investment Summary

Palisades Growth Capital and TVC Capital Invest In Docupace Technologies

On June 1, 2016, growth capital firms Palisades Growth Capital and TVC Capital invested in information technology company Docupace Technologies

Investment Highlights
  • This is Palisades Growth Capital’s 1st and TVC Capital’s 3rd transaction in the Information Technology sector.
  • This is Palisades Growth Capital’s 6th and TVC Capital’s 13th transaction in the United States.
  • This is Palisades Growth Capital’s 1st and TVC Capital’s 1st transaction in New Jersey.
Investment Fate
  • Docupace Technologies was sold to a consortium of financial buyers in 2020.
  • Docupace Technologies was sold to a consortium of financial buyers in 2024.

Investment Summary

Date 2016-06-01
Target Docupace Technologies
Sector Information Technology
Investor(s) Palisades Growth Capital
TVC Capital
Deal Type Venture

Target

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.

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Investor(S) 2

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 6 of 13
Sector: Information Technology M&A 1 of 2
Type: Venture M&A Deals 6 of 11
State: New Jersey M&A 1 of 1
Country: United States M&A 6 of 13
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-12 Lucix

Camarillo, California, United States

Lucix Corp. is a designer and manufacturer of high performance, high reliability microwave modules, units, and integrated sub-systems for commercial and military satellites. To date, over 180 customers have been served. Cpmpany products are found in military airborne systems, radar, commercial and military satellite communications, and optical and point-to-point radios. Lucix is a qualified space hardware supplier to a major US defense and space manufacturer. Lucix management and engineering teams have over 170 combined years’ experience with Space RF Hardware design, development, manufacturing, systems deployment and quality management.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Revenue.io

Sherman Oaks, California, United States

Revenue.io is an operator of an end-to-end sales engagement platform that combines enterprise-grade telephony with conversation intelligence. Revenue.io helps teams engage with prospects and customers in the right way, at the right time, with the right context. Revenue.io was founded in 2013 and is based in Sherman Oaks, California.

Buy -
Investor

TVC Capital

San Diego, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 235M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TVC Capital is a software-focused growth equity firm. TVC looks to invest in lower middle market software and software-enabled service firms in a variety of sub-sectors. Specific areas of interest include financial services, content/data management, predictive analysis, wireless, storage, internet, SaaS, digital media, and security. TVC will consider both later-stage investment situations as well as buyout, recapitalization, and restructuring transactions. TVC Capital was formed in 2006 and is based in San Diego, California.


DEAL STATS #
Overall 13 of 18
Sector: Information Technology M&A 3 of 4
Type: Venture M&A Deals 7 of 10
State: New Jersey M&A 1 of 1
Country: United States M&A 13 of 18
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Celigo

Redwood City, California, United States

Celigo is an integration platform as a service (iPaaS) that allows IT and line of business teams alike to automate both common and custom business processes, enabling the entire organization to be more agile and innovate faster than competitors. Celigo was founded in 2011 and is based in Redwood City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Digital Map Products

Irvine, California, United States

Digital Map Products, Inc. is a provider of cloud-based location technology and content solutions that bring the power of spatial technology to mainstream business, government and consumer users. SpatialStream, the company’s spatial development platform enables API access to mapping technology and location data sets. Its SmartParcels nationwide parcel and property data sets provide unparalleled location context, accuracy and interactivity. The company’s SaaS products include LandVision for real estate and GovClarity for local government.

Sell $36M