M&A Deal Summary

Think3 Acquires Sococo

On July 25, 2019, distressed investor Think3 acquired software company Sococo

Acquisition Highlights
  • This is Think3’s 3rd transaction in the Software sector.
  • This is Think3’s 4th transaction in the United States.
  • This is Think3’s 2nd transaction in Texas.

M&A Deal Summary

Date 2019-07-25
Target Sococo
Sector Software
Buyer(s) Think3
Deal Type Special Situations/Distressed

Target

Sococo

Austin, Texas, United States
Sococo is a software company that offers an online workplace where distributed teams can collaborate in a virtual office environment. The platform provides features such as spatial mapping (rooms, hallways), real-time chat, video/audio calls, screen sharing, and integrated tools to foster spontaneous interaction regardless of physical location. Sococo was founded in 2007 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Think3


Category Distressed Investor
Founded 2017
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Think3 is a distressed investor focused on acquiring lower middle-market SaaS companies with at least $3 million in revenue. The Firm has a particular interest in venture-backed companies at an inflection point in their growth cycle where selling may be attractive to founders, management teams, and investors. Think3 will consider opportunities throughout the US and generally looks to offer 1x to 2x revenues. Think3 was formed in 2017 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 5 of 5
Sector: Software M&A 3 of 3
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Texas M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 SLI Systems

Christchurch, New Zealand

SLI Systems provides a cloud-based, AI-driven e-commerce platform that helps online retailers increase traffic, convert more shoppers into buyers, and boost order values. Its Product Discovery Suite includes tools for search, navigation, recommendations, merchandising, mobile, and SEO. SLI Systems is based in Christchurch, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Bizness Apps

Austin, Texas, United States

Bizness Apps is an app-building platform that allows small businesses to build mobile solutions that compete with big brands, making it possible for everyone to create an affordable mobile app for their business. Bizness Apps was founded in 2010 and is based in Austin, Texas.

Sell -