Investment Summary

Turn/River Invests In ASCI

On November 14, 2019, private equity firm Turn/River invested in software company ASCI

Investment Highlights
  • This is Turn/River’s 5th transaction in the Software sector.
  • This is Turn/River’s 10th transaction in the United States.
  • This is Turn/River’s 1st transaction in New Jersey.

Investment Summary

Date 2019-11-14
Target ASCI
Sector Software
Investor(s) Turn/River
Deal Type Growth Capital

Target

ASCI

Morristown, New Jersey, United States
ASCI is a provider of ActiveBatch software, which helps organizations centralize their business and IT processes in one solution. ASCI enables companies to reduce costs, both by eliminating human error and by allowing them to redeploy resources into more high-value tasks. ASCI is based in Morristown, New Jersey.

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Investor(S) 1

Investor
DESCRIPTION

Turn/River is a private investment firm that specializes in growth capital investments, buyouts, spin-outs, and recapitalizations of small-scale technology, web and Saas companies. The Firm has a particular interest in bootstrapped companies. Turn/River Capital is based in San Francisco, California.


DEAL STATS #
Overall 11 of 16
Sector: Software M&A 5 of 8
Type: Growth Capital M&A Deals 2 of 5
State: New Jersey M&A 1 of 1
Country: United States M&A 10 of 14
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 test IO

San Francisco, California, United States

testIO is a test management system to set up explorative and test case-based testing in just a few minutes. They have a large group of international testers providing coverage across all devices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Huddle

London, United Kingdom

Huddle is a provider of SaaS-based secure content collaboration and workflow solutions primarily in the UK and USA. Huddle provides cloud-based secure document collaboration and compliance software, which is complementary to Ideagen’s industry-leading PleaseReview package. Huddle was founded in 2006 and is based in London, United Kingdom.

Sell -