M&A Deal Summary

WestView Capital Partners Acquires Cognito

On May 11, 2018, private equity firm WestView Capital Partners acquired internet software and services company Cognito from VC3

Acquisition Highlights
  • This is WestView Capital Partners’ 5th transaction in the Internet Software and Services sector.
  • This is WestView Capital Partners’ 37th transaction in the United States.
  • This is WestView Capital Partners’ 2nd transaction in South Carolina.

M&A Deal Summary

Date 2018-05-11
Target Cognito
Sector Internet Software and Services
Buyer(s) WestView Capital Partners
Sellers(s) VC3
Deal Type Divestiture

Target

Cognito

Columbia, South Carolina, United States
Cognito is an online form and data/payment collection software-as-a-service provider. The Company provides an intuitive and robust form builder that enables seamless collection of first-party data, handles complex calculations and blends into existing websites or applications with numerous third-party integration capabilities. Cognito was formed in 2013 and is based in Columbia, South Carolina.

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Buyer(S) 1

Buyer

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 37 of 56
Sector (Internet Software and Services) 5 of 6
Type (Divestiture) 1 of 1
State (South Carolina) 2 of 3
Country (United States) 37 of 56
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 Snow Companies

Williamsburg, Virginia, United States

Snow Companies LLC offers a full suite of healthcare marketing capabilities, focused on working directly with the patient community. Through its Patient Ambassador® programs, Snow was the first in the industry to bring its clients a dedicated, strategic, regulatory-compliant channel to have patients share their stories. The Company also offers industry award-winning video production as well as patient-centric call center services. The Company works with a wide variety of clients, including top pharmaceutical companies, cutting edge biotech companies and disease advocacy organizations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 AccountabilIT

Scottsdale, Arizona, United States

AccountabilIT is a provider of application management, database administration, cloud transformation and cloud managed services. AccountabilIT’s “Customer First” service delivery strategy is instrumental in leading the industry in customer satisfaction as measured by the Net Promoter score. AccountabilIT was founded in 2016 and is based in Scottsdale, Arizona.

Buy -

Seller(S) 1

SELLER

VC3

Columbia, South Carolina, United States

Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

VC3 is a provider of managed IT hosting and support services primarily to the municipal government sector. The Company offers a full suite of managed IT solutions including private cloud hosting of industry specific applications, hosted desktops, hosted VoIP, fully managed networks and 24×7 help desk services. VC3 also develops website and web application solutions and software that enhance the automation and productivity of its clients business processes. VC3 was founded in 1994 and is based in Columbia, South Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 I.T. Right

Bath, Michigan, United States

I.T. Right is a network consultant for local government that helps desk technicians to support clients all over the state. Their field techs cover over 550 county and municipal level offices, from Bedford Township to Bois Blanc Island and Port Huron to Pere Marquette. I.T. Right is a Microsoft Certified Partner and is the only firm in the State of Michigan authorized to do work on behalf of BS&A software. I.T. Right was founded in 1998 and is based in Bath, Michigan.

Buy -