M&A Deal Summary

Syntellis Acquires Stratasan

On July 11, 2022, Syntellis acquired information technology company Stratasan from Fulcrum Equity Partners

Acquisition Highlights
  • This is Syntellis’ 1st transaction in the Information Technology sector.
  • This is Syntellis’ 1st transaction in the United States.
  • This is Syntellis’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2022-07-11
Target Stratasan
Sector Information Technology
Buyer(s) Syntellis
Sellers(s) Fulcrum Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity (Financial)

Target

Stratasan

Nashville, Tennessee, United States
Stratasan is a provider of analytics software and services, providing market intelligence to hospitals and healthcare systems, equipping them to make better strategic growth decisions. Stratasan provides a foundation for growth in the areas of strategic planning, marketing, physician relations, and expansion. Stratasan was founded in 2010 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Syntellis

Chicago, Illinois, United States

Category Company
Founded 2020
Sector Information Technology
DESCRIPTION

Syntellis provides innovative enterprise performance management software, data, and analytics solutions for healthcare, higher education, and financial institutions. Syntellis’ solutions include Axiom and Connected Analytics software, which help finance professionals elevate performance by acquiring insights, accelerating decisions, and advancing their business plans. Syntellis was formed in 2020 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Fulcrum Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Fulcrum Equity Partners is an investment firm focused on smaller growth companies in the Southeast US. Fulcrum looks to invest $5 to $35 million in businesses generating $3 to $50 million in annual sales. Funds are used to support growth initiatives, acquisitions, divestures, shareholder liquidity, management buyouts and recapitalizations. Sectors of interest include healthcare, IT, business services, and technology-enabled services. Fulcrum Equity Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 19 of 22
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 10 of 12
State: Tennessee M&A 4 of 4
Country: United States M&A 19 of 22
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 HomeFirst Home Healthcare

Nashville, Tennessee, United States

HomeFirst Home Healthcare is a healthcare provider. HomeFirst Home Healthcare was founded in 2020 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Full Measure

Washington, District of Columbia, United States

Full Measure Education powers personalized mobile experiences at over 300 institutions across the country. The Full Measure platform was built as a solution for schools to ensure that the steps are clear and the path is ready for students to change their lives through higher education. Full Measure was founded in 2013 and is based in Washington, District of Columbia.

Sell -