Investment Summary

Susquehanna Growth Equity Invests In Bestpass

On January 1, 2018, growth capital firm Susquehanna Growth Equity invested in software company Bestpass

Investment Highlights
  • This is Susquehanna Growth Equity’s 7th transaction in the Software sector.
  • This is Susquehanna Growth Equity’s 31st transaction in the United States.
  • This is Susquehanna Growth Equity’s 8th transaction in New York.

Investment Summary
Date 2018-01-01
Target Bestpass
Sector Software
Investor(s) Susquehanna Growth Equity
Deal Type Growth Capital

Target

Bestpass

Albany, New York, United States
Bestpass is a comprehensive payment platform provider and leader in toll management solutions for commercial fleets of all shapes and sizes. With more than 13,000 customers and more than 675,000 deployed toll transponders in the United States and Canada, Bestpass ensures data accuracy, consolidates payments, delivers invaluable industry expertise, and saves its users time and money. Bestpass was founded in 2001 and is based in Albany, New York.

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Investor(S) 1

Investor

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 39 of 70
Sector (Software) 7 of 14
Type (Growth Capital) 23 of 41
State (New York) 8 of 9
Country (United States) 31 of 53
Year (2018) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 MMIT

Yardley, Pennsylvania, United States

MMIT is a provider of formulary data and workflow applications to payers, pharmaceutical manufacturers, providers, and pharmacies. MMIT was founded in 1994 and is based in Yardley, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-11 Evive

Chicago, Illinois, United States

Evive is a provider of enterprise benefits engagement. Evive changes how people use benefits. Integrating richly layered data sets that represent the whole person, Evive activates principles of predictive analytics and behavioral economics to inspire awareness, motivate intelligent decision-making, and obtain demonstrable outcomes. Evive was founded in 2007 and is based in Chicago, Illinois.

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Mergr

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