M&A Deal Summary

Vector Solutions Acquires Envisage Technologies

On September 8, 2021, Vector Solutions acquired information technology company Envisage Technologies from Armory Capital

Acquisition Highlights
  • This is Vector Solutions’ 1st transaction in the Information Technology sector.
  • This is Vector Solutions’ 4th transaction in the United States.
  • This is Vector Solutions’ 1st transaction in Indiana.

M&A Deal Summary
Date 2021-09-08
Target Envisage Technologies
Sector Information Technology
Buyer(s) Vector Solutions
Sellers(s) Armory Capital
Deal Type Add-on Acquisition
Advisor(s) Shea & Company (Financial)

Target

Envisage Technologies

Bloomington, Indiana, United States
Envisage Technologies provides training software solutions for military commands, federal law enforcement academies, and state law enforcement and public safety sectors in the United States. Envisage Technologies was founded in 2001 and is based in Bloomington, Indiana.

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Buyer(S) 1

Buyer

Vector Solutions

Tampa, Florida, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Vector Solutions is a provider of SaaS-based compliance and safety-focused eLearning and performance optimization solutions serving three end-markets: Public Sector, Education, and Commercial. Vector’s solutions are underpinned by the company’s library of proprietary content (over 7,500 courses with over 30,000 associated accreditations) which is delivered through a SaaS-based software platform to address customers’ mission critical compliance, safety, and regulatory needs. Vector Solutions was founded in 1999 and is based in Tampa, Florida.

DEAL STATS #
Overall 5 of 7
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Indiana) 1 of 1
Country (United States) 4 of 6
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 EVERFI - Higher Education and Campus Prevention Network Business

Washington, District of Columbia, United Kingdom

EVERFI's Higher Education and Campus Prevention Network Business includes its highly-regarded online training catalog for colleges and universities and the Campus Prevention Network (CPN). EVERFI's Higher Education and Campus Prevention Network Business is based in Washington, District of Columbia.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 CareSafely

Austin, Texas, United States

CareSafely is a software and content platform purpose-built to enable senior living and long-term care providers to strengthen their Quality, Safety, and Compliance (QSC) programs. CareSafely is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Armory Capital

Investor Investor Investor

Category Family Office
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Armory Capital is a lower middle-market private investment firm. Armory looks to invest $10 to $50 million in growth companies with at least $10 million in revenues. Target transaction situations include management buyouts, shareholder liquidity needs, ownership transitions, and growth capital financings. Sectors of interest include agriculture, business services, consumer products, financial services, healthcare services, manufacturing, media, and transportation. Armory Capital was formed in 2009 and is based in Champaign, Illinois.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Indiana) 1 of 1
Country (United States) 3 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 MicroD

Charlotte, North Carolina, United States

MicroD LLC is a provider of integrated online product presentation, website, e-commerce and EDI solutions for the home furnishings industry. MicroD was founded in 1993 and is based in Charlotte, North Carolina.

Sell -
Mergr

Product

Company

Legal