M&A Deal Summary

Wolters Kluwer ELM Solutions Acquires Datacert

On April 7, 2014, Wolters Kluwer ELM Solutions acquired software company Datacert from SSM Partners

Acquisition Highlights
  • This is Wolters Kluwer ELM Solutions’ 1st transaction in the Software sector.
  • This is Wolters Kluwer ELM Solutions’ 2nd transaction in the United States.
  • This is Wolters Kluwer ELM Solutions’ 2nd transaction in Texas.

M&A Deal Summary

Date 2014-04-07
Target Datacert
Sector Software
Buyer(s) Wolters Kluwer ELM Solutions
Sellers(s) SSM Partners
Deal Type Merger

Target

Datacert

Houston, Texas, United States
Datacert is a provider of technology, offering one of the first and most successful e-billing products to corporate legal departments and their law firms. We started with a simple goal, to securely move invoices electronically from firms to their corporate clients over the Internet. Datacert was founded in 1998 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Wolters Kluwer ELM Solutions

Houston, Texas, United States

Category Company
Founded 2014
Sector Software
DESCRIPTION

Wolters Kluwer ELM Solutions, Inc. specialized in technology solutions, finding answers to complex problems through the use of deep domain-specific analytics, and helping organizations cross performance barriers through rich and relevant technologies, services, solutions, and learning opportunities. Wolters Kluwer ELM Solutions was founded in 2014 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-07 TyMetrix

Texas, United States

TyMetrix, Inc.is a provider of SaaS-based e-billing and legal matter management software. TyMetrix was founded in 1994 and is based in Texas, United States.

Buy -

Seller(S) 1

SELLER

SSM Partners

Memphis, Tennessee, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

SSM Partners is a private equity firm that targets investments in smaller, rapidly growing, private companies based in the Southeast US. Areas of interest include business/outsourcing services, healthcare and consumer services. SSM focuses on transactions requiring $10 to $30 million of equity. Prospective transactions include growth financings, acquisitions, management led buyouts, and recapitalizations. SSM will also consider early-stage opportunities. SSM Partners is based in Memphis, Tennessee.


DEAL STATS #
Overall 18 of 28
Sector: Software M&A 6 of 7
Type: Merger M&A Deals 1 of 2
State: Texas M&A 8 of 9
Country: United States M&A 18 of 28
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-11 OpinionLab

Chicago, Illinois, United States

OpinionLab is a SaaS provider of continuous voice of the customer listening solutions that drive smarter, real-time business action. OpinionLab, Inc. was established in 1999 and is headquartered in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-12 Connecture

Brookfield, Wisconsin, United States

Connecture is a web-based consumer shopping, enrollment and retention platform for health insurance distribution. Connecture offers a personalized health insurance shopping experience that recommends the best fit insurance plan based on an individual’s preferences, health status, preferred providers, medications and expected out-of-pocket costs. Connecture’s customers are health insurance marketplace operators such as health plans, brokers and exchange operators, who must distribute health insurance in a cost-effective manner to a growing number of insured consumers. Connecture’s solutions automate key functions in the health insurance distribution process, allowing its customers to price and present plan options accurately to consumers and efficiently enroll, renew and manage plan members.

Sell -