Growth Capital • Information Technology

Rubicon Technology Partners and Silversmith Capital Partners Invest In Ascend Analytics

On March 21, 2024, private equity firm Rubicon Technology Partners and growth capital firm Silversmith Capital Partners invested in information technology company Ascend Analytics

Investment Context
  • This is Rubicon Technology Partners’ 3rd and Silversmith Capital Partners’ 10th transaction in the Information Technology sector.
  • This is Rubicon Technology Partners’ 15th and Silversmith Capital Partners’ 37th transaction in the United States.
  • This is Rubicon Technology Partners’ 3rd and Silversmith Capital Partners’ 2nd transaction in Colorado.

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Investment Summary

Date March 21, 2024
Target Ascend Analytics
Sector Information Technology
Investor(s) Rubicon Technology Partners
Silversmith Capital Partners
Deal Type Growth Capital

Target Company

Ascend Analytics

Boulder, Colorado, United States
Ascend Analytics offers advanced software and consulting services that capture the evolving and real-time dynamics of energy markets. Ascend Analytics was founded in 2002 and is based in Boulder, Colorado.
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Investors Overview 2

DESCRIPTION

Rubicon Technology Partners is a specialist private equity firm firm that invests in lower middle-market enterprise software and technology-enabled services companies. Rubicon looks to make control investments of $75 to $350 million in businesses generating $15 to $75 million in revenue. Target transaction situations include buyouts and recapitalizations of closely held private companies, corporate divestitures, carve-outs or spin-outs, buy and build opportunities, and shareholder liquidity events. Rubicon was founded in 2012 and is based in Boulder, Colorado.


Deal Context for Investor #
Overall 21 of 22
Sector: Information Technology 3 of 3
Type: Growth Capital 13 of 13
State: Colorado 3 of 3
Country: United States 15 of 16
Year: 2024 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 Nulogy

Toronto, Ontario, Canada

Nulogy is a supplier of digital supply chain solutions, enables fast-moving consumer goods companies and their supplier communities to collaborate on a multi-enterprise platform in order to deliver with excellence to an ever-changing consumer market. Nulogy's cloud-based platform optimizes upstream supply ecosystems composed of brand manufacturers, contract manufacturers and packagers, third party logistics providers, raw material and packaging suppliers to accelerate supply chain responsiveness and collaborate at the speed of today's market. Nulogy is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-04 CollegeNET

Portland, Oregon, United States

CollegeNET is a developer of products for higher education, including the world’s first automated classroom scheduling system and the first patented system for serving institution-branded web-based admissions forms. CollegeNET was founded in 1979 and is based in Portland, Oregon.

Buy -
Investor
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.


Deal Context for Investor #
Overall 41 of 43
Sector: Information Technology 10 of 11
Type: Growth Capital 25 of 27
State: Colorado 2 of 2
Country: United States 37 of 38
Year: 2024 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 Fortified Health Security

Brentwood, Tennessee, United States

Fortified Health Security is Healthcare’s Cybersecurity Partner protecting patient data and reducing risk throughout the healthcare ecosystem. Fortified works alongside healthcare organizations to build customized programs designed to leverage their prior security investments and current processes while implementing new solutions that reduce risk and increase their security posture over time. Fortified Health Security was founded in 2009 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 Earned Wealth

New York, New York, United States

Earned Wealth is a tech-enabled financial services firm exclusively for healthcare professionals and medical practices. Earned Wealth is based in New York, New York.

Buy -