Technology Archives - GLC Advisors

BuyQ Transaction

Transaction Announcement

BuyQ is the leading group purchasing organization serving charter and private schools across the United States. Founded in 2013, BuyQ helps more than 4,000 schools access better pricing and terms on essential goods and services by leveraging collective purchasing power.

“This acquisition is about bringing together two organizations that share a fundamental commitment: helping mission-driven institutions redirect resources from overhead to their core purpose,” said James Hallock, CEO of CoreTrust. “BuyQ has spent over a decade building trust and delivering results to the charter and private school community. By combining their specialized expertise with CoreTrust’s scale, supplier relationships, and technology infrastructure, we can help schools achieve outcomes that neither organization could deliver independently.“

To learn more, please visit our website: www.glca.com

Working with the team at GLC Advisors was one of the best decisions we made during the sale of our company. Although we had several interested buyers when we engaged GLC, they ultimately brought the right buyer to the table, a critical factor in reaching the successful outcome we did. GLC expertly managed an intense, complex process, guiding us through every stage and preparing us for the demands of due diligence. The team was not only highly capable but also kind, personable, and truly invested in our success. I couldn’t recommend GLC Advisors more highly.
Christine Rafanelli
Co-Founder and CEO, BuyQ

GLC Technology Team Overview

GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.

Deal Team

David Bluth

Managing Director / Denver

Adam Haynes

Managing Director / Denver

Jim Williams

Managing Director / Denver

UnionWare and Member Trak Transaction

Transaction Announcement

UnionWare and MemberTrak, providers of mission- critical software tailored to the unique needs of unions, have been acquired by Valsoft, a Canadian company specializing in the acquisition and development of vertical market software businesses. UnionWare provides fully integrated labor management and payments solutions, and MemberTrak offers easy-to-use, reliable software for trade union membership record-keeping, communication, dues tracking, and reporting.

This dual acquisition brings decades of specialized industry expertise to solidify Valsoft’s presence in the association management software space.

To learn more, please visit our website: www.glca.com

Joining Valsoft is a great step for UnionWare and MemberTrak. The people at Valsoft understand what makes our business special and are committed to supporting our clients with continuity and care, while also opening the door to innovation and operational support.
Matt Vice
Head of UnionWare and MemberTrak

GLC Technology Team Overview

Deal Team

David Bluth

Managing Director / Denver

Adam Haynes

Managing Director / Denver

Jim Williams

Managing Director / Denver

MeazureUp Transaction

Transaction Announcement

MeazureUp, a leading provider of cloud-based field inspection, audit, and task management workflow software for restaurant, QSR, convenience store, retail, and grocery customers, was acquired by Nexa Equity. This acquisition led to MeazureUp’s combination with ComplianceMate and Storewise, resulting in the creation of Ladle, a software provider for the foodservice, restaurant, and grocery industries. MeazureUp is based in Toronto, Canada.

“Ladle represents our commitment to transforming how foodservice, restaurant, and grocery operators manage their businesses. By bringing together industry leaders like ComplianceMate, MeazureUp, and Storewise, we’ve built a platform that’s greater than the sum of its parts. This integration strengthens the value of our offerings and positions us to deliver the most effective, efficient solutions to our customers,” says Todd Gebski, CEO of Ladle.

To learn more, please visit our website: www.glca.com

After receiving unsolicited interest from several potential buyers, one of our investors, a former GLC client, connected us with the GLC Tech team. While we entertained early discussions with preemptive buyers on our own, it became clear we needed an experienced financial advisor on our side. We quickly engaged GLC to orchestrate a targeted, competitive process that included our preemptive parties as well as additional strategic acquirers and private equity investors. GLC’s process produced offers from our preemptive groups, as well as buyers we had not identified, and greatly improved the outcome of our sale. GLC’s professionalism, judgement, dedication, and hands-on approach were instrumental in navigating the sale process successfully. I wholeheartedly recommend GLC to any SaaS company interested in exploring an M&A transaction or capital raise.
Zach Matlow
Co-founder & CEO, MeazureUp

GLC Technology Team Overview

GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of software and tech services M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.

Deal Team

David Bluth

Managing Director / Denver

Adam Haynes

Managing Director / Denver

Jim Williams

Managing Director / Denver

Package Concierge Transaction

Transaction Announcement

Package Concierge, a US-based multifamily parcel management solutions provider, has been acquired by Quadient (Euronext Paris: QDT), a global automation platform.

“The acquisition of Package Concierge naturally aligns with Quadient’s ‘Elevate to 2030’ ambitions to automate first and last mile parcel delivery driven by rising e-commerce penetration and bring us closer to reaching the €200 million in revenue target set for 2030 for our Lockers automation platform,” said Geoffrey Godet, CEO at Quadient. “We’re excited to welcome the top industry talents from Package Concierge to the Quadient family and look forward to building a successful future together.”

To learn more, please visit our website: www.glca.com

GLC did a great job managing a successful sale – from our initial meeting to the conclusion of the process, they instilled confidence that we had the right partner. The GLC team offered valuable guidance on expected value and approach, provided necessary support and drove the process on a tight schedule. The GLC team worked tirelessly and remained steadfast in their commitment to providing value to all of Gibraltar’s stakeholders. We wish our teammates success with Package Concierge’s new owners.
Kerri Winter
President & GM, Florence, a Gibraltar Company

GLC Technology Team Overview

Deal Team

David Bluth

Managing Director / Denver

Adam Haynes

Managing Director / Denver

Jim Williams

Managing Director / Denver

ImageAPI Transaction

Transaction Announcement

Image API, a provider of tech-enabled business process optimization, document digitization services, and document management software to State and Local government agencies, has been acquired by Docufree, a leading provider of information management and business process automation.

The acquisition strengthens Docufree’s position as a trusted partner for government organizations seeking to modernize their document management, optimize workflows, and maintain regulatory compliance. “We are excited to welcome Image API to the Docufree family,” said Brad Jenkins, chief executive officer at Docufree.

“This acquisition will significantly enhance our software capabilities and operational efficiency, positioning our AI- driven SaaS and BPaaS platform as a leading solution in the Intelligent Document Management market, particularly for state, local, and education (SLED) agencies.”

To learn more, please visit our website: www.glca.com

We engaged the GLC Technology Team to manage the Image API sale process. The team exhibited utmost professionalism and perseverance, as well as specialized GovTech sector knowledge, in executing a transaction with delicate complications. In addition to technical M&A expertise, the GLC team used sensitive people skills to guide us to a successful conclusion. Milestone highly recommends GLC to any tech company planning to navigate a sale process.
Scott Warren
Partner, Milestone Partners

GLC Technology Team Overview

Deal Team

David Bluth

Managing Director / Denver

Adam Haynes

Managing Director / Denver

Jim Williams

Managing Director / Denver

40AU Transaction

Transaction Announcement

FortyAU, a leading onshore/nearshore software development firm delivering world-class software development solutions to growing and innovative clients in the Healthcare and Financial Services sectors, received a growth investment from ASH Investment Partners, an Atlanta- based private equity firm focused on digital services, SaaS, and tech-enabled businesses.

“We have built a team of deep technical talent with significant domain expertise in healthcare and other critical end markets. We are now poised to capitalize on these capabilities with a new partner that is supportive of growth and investment.” says Andrew Kerr, CEO of FortyAU.

To learn more, please visit our website: www.glca.com

GLC did a fantastic job managing a successful sale process. The entire GLC team was with us every step of the way, offering invaluable insights and support by leveraging their rich M&A experience and applying a hands-on approach to tackle complex deal challenges. The GLC team worked tirelessly and remained steadfast in their commitment to providing value to all of FortyAU’s stakeholders. We are excited about the future and grateful for their guidance during this pivotal process.
Logan Buchanan
Co-founder, FortyAU

GLC Technology Team Overview

Deal Team

David Bluth

Managing Director / Denver

Adam Haynes

Managing Director / Denver

Jim Williams

Managing Director / Denver

OpenCounter Deal Announcement

Transaction Announcement

OpenCounter, a pioneer in streamlining the permitting and licensing process for citizens and government staff, has been acquired by Accela, a leading provider of cloud-based solutions for government.

“OpenCounter has primarily focused on the applicant experience, understanding that the permitting process starts when someone has an idea and not when they submit their first application.” said Linh Vuong, Product Director at OpenCounter. “Having worked alongside Accela for many years, the OpenCounter team is excited to combine strengths with this partnership, and thrilled for the opportunities we’ll have to bring a comprehensive and user-friendly permitting solution to cities, counties and states across the country.”

To learn more, please visit our website: www.glca.com

Integrating OpenCounter’s technology with Accela’s comprehensive platform will revolutionize how citizens and businesses interact with government services. We are committed to making the licensing and permitting process as intuitive and efficient as possible
Noam Reininger
CEO, Accela

GLC Technology Team Overview

Deal Team

David Bluth

Managing Director / Denver

Adam Haynes

Managing Director / Denver

Jim Williams

Managing Director / Denver

Near Intelligence, Inc. Transaction

Transaction Announcement

Near Intelligence, Inc. (NASDAQ:NIR) (“Near”), a global, privacy-led data intelligence platform, was sold to funds affiliated with Blue Torch Finance LLC (“Blue Torch”) for $50.0mm through a Chapter 11 363 asset sale process.

Near curates one of the world’s largest sources of intelligence on people and places. Near’s patented technology analyzes data to deliver insights on approximately 1.6 billion unique user IDs across 70 million points of interest in more than 44 countries. With a presence in California, Paris, Bangalore, Singapore, Sydney, and Tokyo, Near serves enterprises in a diverse spectrum of industries including retail, real estate, QSR, travel, telecom, media, and more.

GLC Technology Coverage Overview

GLC provides senior-level advice and execution throughout the Technology sector. Our professionals have advised on a range of complex transactions including restructuring & special situations, M&A, debt financing and recapitalizations, and our institutional knowledge spans a broad spectrum of sub-sectors in this evolving industry, with a focus on SaaS, Vertical Applications, Online Applications & Services, and IT & Tech-Enabled Services.

Our clients include corporations, creditors, companies, entrepreneurs and financial sponsors.

To learn more, please visit our website: www.glca.com

Deal Team

Abe Han

Managing Director / NYC

Bob SwindellWINDELL – PENDING

Managing Director

Daniel Grundei – PENDING

Vice President

Alonso Flores-Noel – PENDING

Analyst

Caleb Yang – PENDING

Analyst

Chapter Spot Transaction

Transaction Announcement

ChapterSpot, a leader in providing non-profit organizations with innovative software solutions including CRM and member management, has been acquired by Billhighway, a provider of finance management solutions for fraternal organizations and associations.

“ChapterSpot joining forces with Billhighway creates a comprehensive, powerful, and scalable technology solution. We are now uniquely able to deliver a best-in-class system — one that is seamless throughout the member lifecycle from recruitment to dues, from chapter operations to financial management, from donor management to housing,” says Joe McMenemon, co-founder of ChapterSpot. “Together, as one company, we are deeply committed to the success and growth of the fraternal community and each of our clients.”

To learn more, please visit our website: www.glca.com

We engaged the GLC Technology Team in response to inbound interest from strategic parties. GLC plugged in immediately and was able to get us organized and out to market in a matter of days. I can’t overstate the value that GLC brought to the transaction. I was impressed with the team’s creative approach to complex deal issues, broad knowledge of the technology sector, and commitment to providing unmatched service. They are true experts of the entire M&A process and helped guide us to the best outcome for everyone involved.
Joe McMenemon
Co-founder, ChapterSpot

GLC Technology Team Overview

Deal Team

David Bluth

Managing Director / Denver

Adam Haynes

Managing Director / Denver

Jim Williams

Managing Director / Denver

Tripbam Transaction

Transaction Announcement

TRIPBAM is a global SaaS solution and the industry’s only provider of fully automated, always-on auditing technology to track and review corporate travel pre-trip spend, corporate negotiated discounts, and supplier contracts.

TRIPBAM’s technology constantly tracks and compares current prices with customers’ travel reservations and automatically rebooks a flight or hotel room if a lower price is available. It has tracked more than 30 million corporate travel bookings to date, representing over $30 billion in spend. TRIPBAM’s solutions have helped more than 2,000 customers, including Aon, Elevance Health and Microsoft, to automatically save in excess of $500 million.

The acquisition of TRIPBAM makes Emburse an even stronger partner for travel and finance leaders, supporting their efforts to better manage spend and proactively control travel costs. With TRIPBAM, Emburse’s 18,000+ customers can add flight and hotel rebooking to the T&E process, providing the lowest prices for their travel plans.

I now have a strong appreciation for the tremendous value that the right investment bank can deliver in a sales process – particularly in the current, choppy M&A market. GLC’s expertise in positioning software companies, negotiating successful M&A deals, and driving deals to a positive close, produced a terrific outcome for our organization. I would highly recommend GLC to any tech company looking to navigate these uncharted Tech M&A waters.
Steve Reynolds
Chief Executive Officer, TRIPBAM, Inc.

Software and Technology Team

GLC’s Software and Technology Team is exclusively focused on advising software and technology services clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner- operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

Deal Team

Adam Haynes

Managing Director / Denver

David Bluth

Managing Director / Denver

Jim Williams

Managing Director / Denver