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Investment Summary

Think3 Exits Bizness Apps

On August 17, 2021, Ignite Technologies invested in software company Bizness Apps from Think3

Investment Highlights
  • This is Ignite Technologies’ 10th transaction in the Software sector.
  • This is Ignite Technologies’ 12th transaction in the United States.
  • This is Ignite Technologies’ 7th transaction in Texas.
Investment Fate
  • Bizness Apps was divested to a consortium of strategic buyers in 2023.

Investment Summary
Date 2021-08-17
Target Bizness Apps
Sector Software
Investor(s) Ignite Technologies
Sellers(s) Think3
Deal Type Add-on Acquisition

Target

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.

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Investor(S) 1

Investor

Ignite Technologies

Frisco, Texas, United States
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Ignite is a provider of secure and scalable Enterprise Content Delivery Solution to efficiently publish, deliver, and manage digital assets-from rich media content for training and communications to software patches and virus updates-to anyone, anywhere, at any time.

DEAL STATS #
Overall 14 of 16
Sector: Software M&A 10 of 11
Type: Add-on Acquisition M&A Deals 9 of 10
State: Texas M&A 7 of 9
Country: United States M&A 12 of 14
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 School Loop

San Francisco, California, United States

School Loop is a web and app-based collaboration tool for students, parents, and teachers in school districts throughout the U.S. School Loop was founded in 2004 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Avolin - 12 New Software Solutions

Austin, Texas, United States

Avolin software suites includes CoreTrac, Agemni, StreetSmart, GoMembers, Vision, Prologic, Computron, Tradebeam, NS8, SupportSoft, Verdiem, and Knova.

Buy -

Seller(S) 1

SELLER

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 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 School Loop

San Francisco, California, United States

School Loop is a web and app-based collaboration tool for students, parents, and teachers in school districts throughout the U.S. School Loop was founded in 2004 and is based in San Francisco, California.

Sell -
Mergr

Solution for

Product

Company

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