Investment Summary

SSM Partners Invests In RemitDATA

On January 23, 2008, growth capital firm SSM Partners invested in information technology company RemitDATA for 5M USD

Investment Highlights
  • This is SSM Partners’ 2nd transaction in the Information Technology sector.
  • This is SSM Partners’ largest (disclosed) transaction.
  • This is SSM Partners’ 11th transaction in the United States.
  • This is SSM Partners’ 3rd transaction in Tennessee.
Investment Fate
  • RemitDATA was sold to a strategic buyer in 2017.

Investment Summary
Date 2008-01-23
Target RemitDATA
Sector Information Technology
Investor(s) SSM Partners
Deal Type Growth Capital
Deal Value 5M USD

Target

RemitDATA

Memphis, Tennessee, United States
RemitDATA is a healthcare technology company that delivers a comprehensive comparative data and analytics platform. Founded in 2000, with offices in Memphis, TN, Plano, TX and Lexington, KY, RemitDATA strives to bring collaboration and 360-degree data transparency to all entities within the healthcare industry by delivering a range of system agnostic, comparative analytic solutions. Through the use of Application Programming Interfaces (API), benchmarking and peer comparison tools, payers, providers, billing companies and other healthcare companies will gain actionable insights to better understand their business and improve operations so they can focus on what really matters, to them.

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Investor(S) 1

Investor

SSM Partners

Memphis, Tennessee, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

SSM Partners is a private equity firm that targets investments in smaller, rapidly growing, private companies based in the Southeast US. Areas of interest include business/outsourcing services, healthcare and consumer services. SSM focuses on transactions requiring $5 to $20 million of equity. Prospective transactions include growth financings, acquisitions, management led buyouts, and recapitalizations. SSM will also consider early-stage opportunities. SSM Partners is based in Memphis, Tennessee.

DEAL STATS #
Overall 11 of 29
Sector (Information Technology) 2 of 9
Type (Growth Capital) 3 of 10
State (Tennessee) 3 of 6
Country (United States) 11 of 29
Year (2008) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-03 National Medical Solutions

Brentwood, Tennessee, United States

National Medical Solutions, Inc. provides wound care and disease management clinics services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-10 AWL

Austin, Texas, United States

AWL is a provider of online marketing services to the insurance industry, leveraging a network of owned and affiliated websites to generate qualified consumer quote inquiries for their licensed agent, broker and carriers clients. AWL was founded in 2005 and is based in Austin, Texas.

Buy -
Mergr

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