Investment Summary

Palisades Growth Capital Invests In Visage Mobile

On May 3, 2012, growth capital firm Palisades Growth Capital invested in software company Visage Mobile

Investment Highlights
  • This is Palisades Growth Capital’s 2nd transaction in the Software sector.
  • This is Palisades Growth Capital’s 5th transaction in the United States.
  • This is Palisades Growth Capital’s 1st transaction in Tennessee.
Investment Fate
  • Visage Mobile merged with another company in 2021.

Investment Summary

Date 2012-05-03
Target Visage Mobile
Sector Software
Investor(s) Palisades Growth Capital
Deal Type Venture

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

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 13
Sector: Software M&A 2 of 5
Type: Venture M&A Deals 5 of 11
State: Tennessee M&A 1 of 1
Country: United States M&A 5 of 13
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-13 GroundTruth

New York, New York, United States

GroundTruth is an operator of location-based marketing and advertising technology company. GroundTruth delivers a unique data set called "visitation data," which allows brands, agencies, SMBs, and non-profits to drive high-performing business outcomes (ROI). GroundTruth activates this data through a suite of performance products and services via their self-serve advertising platform, through managed services, or tailored partnerships. GroundTruth has built proprietary cleansing processes that combine their Blueprint's contextual mapping technology, owned & operated properties, along with 3rd party mobile location data. GroundTruth was founded in 2009 and is based in New York, New York.

Buy -
FOLLOWING 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 -