M&A Deal Summary

Software Growth Partners Acquires ClearlyRated

On June 15, 2023, private equity firm Software Growth Partners acquired software company ClearlyRated

Acquisition Highlights
  • This is Software Growth Partners’ 1st transaction in the Software sector.
  • This is Software Growth Partners’ 4th transaction in the United States.
  • This is Software Growth Partners’ 1st transaction in Washington.

M&A Deal Summary
Date 2023-06-15
Target ClearlyRated
Sector Software
Buyer(s) Software Growth Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

ClearlyRated

Vancouver, Washington, United States
ClearlyRated is a provider of satisfaction surveys and service quality benchmarking software designed for B2B professional services firms. ClearlyRated was founded in 2003 and is based in Vancouver, Washington.

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Buyer(S) 1

Buyer

Software Growth Partners

Investor

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Software Growth Partners (SGP) is a private equity firm that focuses on lower-middle market software companies. SGP seeks to be a financial and strategic partner for founder-owned companies and entrepreneurs that are looking for some liquidity while still retaining significant upside resulting from growth in their businesses. Prospective companies are typically profitable (minimum $500K EBITDA) and possess $2 to $30 million of revenue (> 50% recurring). Target markets include healthcare, analytics, security, financial services, business services, and healthcare. Software Growth Partners is headquartered in San Carlos, California.

DEAL STATS #
Overall 4 of 4
Sector (Software) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Washington) 1 of 1
Country (United States) 4 of 4
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 MeshIQ

Plainview, New York, United States

MeshIQ provides IT organizations and business executives with the tools and insights they need to understand and manage their digital environments. MeshIQ offers managing messaging middleware, monitoring entire application stacks end-to-end, providing proactive alerts, tracing and tracking transactions, visualizing, analyzing and reporting on machine data in meaningful ways, simplifying root cause analysis, and providing data to support business decisions. MeshIQ was founded in 1994 and is based in Plainview, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Netreo

Irvine, California, United States

Netreo provides a Software-as-a-Service (SaaS) IT Management product called OmniCenter which automatically builds enterprise-wide dashboard views into the entire IT footprint for large companies. Netreo was founded in 2000 and is based in Irvine, California.

Sell -
Mergr

Product

Company

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