M&A Deal Summary

Software Growth Partners Acquires Venio Systems

On August 19, 2020, private equity firm Software Growth Partners acquired internet software and services company Venio Systems

Acquisition Highlights
  • This is Software Growth Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is Software Growth Partners’ 2nd transaction in the United States.
  • This is Software Growth Partners’ 1st transaction in Virginia.

M&A Deal Summary

Date 2020-08-19
Target Venio Systems
Sector Internet Software and Services
Buyer(s) Software Growth Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Kenyon Group (Financial)

Target

Venio Systems

Fairfax, Virginia, United States
Venio Systems is a provider of AI-powered eDiscovery software that streamlines data collection, review, and legal compliance for law firms, corporations, and government agencies. Venio Systems was founded in 2009 and is based in Fairfax, Virginia.

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Buyer(S) 1

DESCRIPTION

Software Growth Partners 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 Palo Alto, California.


DEAL STATS #
Overall 2 of 4
Sector: Internet Software and Services M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-13 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-07 MeshIQ

Plainview, New York, United States

MeshIQ is a middleware observability and management platform that provides real-time monitoring, alerting, and centralized control for messaging, streaming, and integration systems across hybrid cloud environments. MeshIQ was founded in 1994 and is based in Plainview, New York.

Buy -