M&A Deal Summary

Submittable Acquires WizeHive

On August 8, 2024, Submittable acquired software company WizeHive from LLR Partners

Acquisition Highlights
  • This is Submittable’s 1st transaction in the Software sector.
  • This is Submittable’s 1st transaction in the United States.
  • This is Submittable’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2024-08-08
Target WizeHive
Sector Software
Buyer(s) Submittable
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

WizeHive

Conshohocken, Pennsylvania, United States
WizeHive provides a secure, cloud platform ZengineTM along with services and support to mission-based organizations including corporate social responsibility teams, government entities, universities, and other non-profits. WizeHive’s technology enables the application, review, and full lifecycle management of the grants, scholarships, fellowships, and other awards that lie at the heart of their clients’ missions. Zengine offers unmatched flexibility and adaptability to support each client’s unique mission objectives and processes. WizeHive was formed in 2008 and is based in Conshohocken, Pennsylvania.

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Buyer(S) 1

Buyer

Submittable

Missoula, Montana, United States

Category Company
Founded 2010
Sector Internet Software and Services
DESCRIPTION

Submittable is a social impact platform empowering mission-driven people to do their best, most impactful work. Through its grant management and CSR software solutions, Submittable helps power purpose for incredible organizations looking to manage their social good programs and maximize their impact in their communities. Submittable was formed in 2010 and is headquartered in Missoula Montana.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 73 of 76
Sector (Software) 15 of 15
Type (Add-on Acquisition) 46 of 47
State (Pennsylvania) 19 of 20
Country (United States) 72 of 75
Year (2024) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Nonstop Health

Concord, California, United States

Nonstop Health is a provider of technology-enabled healthcare cost containment solutions for small and medium-sized employers. Nonstop Health’s solution augments employers’ existing healthcare benefit plans, enabling employers to realize lower healthcare costs while providing high-quality benefits and improved access to healthcare for their employees. Nonstop Health is based in Concord, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Archer

Berwyn, Pennsylvania, United States

Archer is a technology-enabled service provider for the asset management industry. It has deep and broad-based experience creating customized solutions that help asset managers swiftly launch new products, streamline operations, enter new distribution channels, and manufacturing investment solutions that meet the evolving needs of end investors. Archer was founded in 2000 and is based in Berwyn, Pennsylvania.

Sell -