Lender Processing Services divests both True Automation and Aptitude Solutions
Ponte Vedra Beach, FL and Cambridge, MA – May 14, 2012 - Harbor View Advisors is pleased to announce that Lender Processing Services (NYSE: LPS) has completed the sale of True Automation and Aptitude Solutions to Constellation Software (TSX:CSU).
Harbor View Advisors served as exclusive financial advisor to LPS in the transaction, which was finalized on May 3, 2012. True Automation and Aptitude Solutions were a part of Local Government Solutions division within LPS. Terms were not disclosed.
Headquartered in Plano, Texas, True Automation is the fastest growing tax and appraisal software company in the United States. Founded in 1990, True Automation has quickly become the most progressive software provider for appraisal and county tax offices with over 185 customers throughout the United States.
Headquartered in Maitland, Florida, Aptitude Solutions provides an end-to-end suite of software solutions specifically designed for county and local governments to help streamline document and workflow management, improve court case management, and simplify county recording. Over 70 counties across the United States use one or more of Aptitude’s software products.
About Harbor View Advisors
Harbor View Advisors works with clients in the software, technology-enabled services and business services industries. The firm’s unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their long-term goals. Harbor View offers mergers and acquisition advisory, corporate finance and private placement services, as well as outsourced corporate development and strategic consulting to fast-growing technology companies. For more information about Harbor View, visit http://www.harborviewadvisors.com.
Category: AnnouncementsTransactions
Cornerstone OnDemand Completes Acquisition of Sonar6
Ponte Vedra Beach, FL and Cambridge, MA – April 11, 2012 - Harbor View Advisors is pleased to announce that Cornerstone OnDemand (NASDAQ: CSOD) has completed its acquisition of Sonar Limited ("Sonar6").
Harbor View Advisors served as exclusive financial advisor to Sonar6 in the transaction, which was completed on April 5, 2012.
Based in Auckland, New Zealand, Sonar6 is a leading provider of cloud-based talent management solutions serving small businesses globally. The acquisition combines two of the talent management industry’s most innovative providers and allows Cornerstone to strengthen its ability to serve clients of all sizes. Additionally, Cornerstone expects that the acquisition will accelerate the company’s momentum in the small business (SMB) market.
Sonar6 is renowned in the talent management industry for its distinct ability to engage employees with its highly interactive technology. Like Cornerstone, Sonar6 offers a completely organic, cloud-based solution. Sonar6’s innovative, graphical approach to talent management has won numerous accolades, including Gartner’s “Cool Vendors” and HR Executive magazine’s list of “Top Ten HR Products.”
“Cornerstone OnDemand and Sonar6 share a vision for empowering employees and creating an engaged workforce,” said Michael Carden, Co-Founder and CEO of Sonar6. “We are extremely excited about joining the Cornerstone team.”
About Harbor View Advisors
Harbor View Advisors works with clients in the software, technology-enabled services and business services industries. The firm’s unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their long-term goals. Harbor View offers mergers and acquisition advisory, corporate finance and private placement services, as well as outsourced corporate development and strategic consulting to fast-growing technology companies. For more information about Harbor View, visit http://www.harborviewadvisors.com.
Category: AnnouncementsTransactions
Fidelity National Financial acquires SoftPro from Lender Processing Services
Ponte Vedra Beach, FL and Cambridge, MA – March 1, 2012 Harbor View Advisors is pleased to announce that Lender Processing Services (NYSE: LPS) has completed the sale of SoftPro to Fidelity National Financial (NYSE: FNF).
Harbor View Advisors served as exclusive financial advisor to LPS in the transaction, which was finalized on January 12, 2012. Terms were not disclosed.
Headquartered in Raleigh, N.C., SoftPro is a leading provider of closing and title automation software in the United States, serving more than 14,000 customer sites and over 50,000 users nationwide. SoftPro’s award-winning software offers a suite of products designed to increase revenue by reducing the time it takes to do closings for both title agents and underwriters.
About Harbor View Advisors
Harbor View Advisors works with clients in the software, technology-enabled services and business services industries. The firm’s unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their long-term goals. Harbor View offers mergers and acquisition advisory, corporate finance and private placement services, as well as outsourced corporate development and strategic consulting to fast-growing technology companies. For more information about Harbor View, visit http://www.harborviewadvisors.com.
Category: Announcements
Harbor View Advisors’ Transaction Selected as Finalist for M&A Advisor Awards
Ponte Vedra Beach, FL and Cambridge, MA – November 29, 2011 – Harbor View Advisors is pleased to announce that Advent Software’s acquisition of Black Diamond Performance Reporting has been selected as a finalist in three categories for the 10th Annual M&A Advisor Awards. The Advent/Black Diamond transaction was named as a finalist for Lower-Middle Market Transaction of the Year, Information Technology Sector Transaction of the Year, and Financial Services Sector Transaction of the Year.
In June, Advent Software acquired Jacksonville, Florida-based Black Diamond for $73 million in cash. The combination brought together Black Diamond’s innovative technology with Advent’s deep resources and industry-leading market share. Since the acquisition, Advent has continued to invest in the Black Diamond platform, increasing staff and announcing a range of new products and technology enhancements.
Harbor View acted as sole financial advisor to Black Diamond in the transaction. The acquisition was the culmination of a three-year relationship between Harbor View and Black Diamond in which Harbor View delivered a variety of strategic consulting and advisory services.
Each year, M&A Advisor recognizes the leading transactions and deal-makers in the investment banking industry. This year, finalists were selected from a record 389 nominations representing over 500 companies. Winners for Major and Sector Transactions of the Year will be announced at the M&A Advisor Awards Gala in December in New York City.
About Harbor View Advisors
Harbor View Advisors works with clients in the software, technology-enabled services and business services industries. The firm’s unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their long-term goals. Harbor View offers mergers and acquisition advisory, corporate finance and private placement services, as well as outsourced corporate development and strategic consulting to fast-growing technology companies. For more information about Harbor View, visit http://www.harborviewadvisors.com.
Category: Announcements
Harbor View Advisors Announces Opening of Boston Office
Ponte Vedra Beach, FL and Cambridge, MA – October 31, 2011 – Harbor View Advisors, LLC, a leading provider of boutique investment banking and strategic consulting services, has expanded its presence in the Boston market with the opening of its office at One Broadway in Cambridge, Massachusetts. Harbor View Partner, Douglas Melsheimer, will run the Cambridge office and will have primary responsibility for continuing to build Harbor View's presence in the Northeast.
Doug joined Harbor View in 2008 with prior experience in investment banking, venture capital and corporate development. Prior to joining Harbor View, Doug served as Vice President, Corporate Development of Vurv Technology until Vurv’s sale to Taleo Corporation (Nasdaq: TLEO) in July 2008. Previously, Doug was a founding member of Thomas Weisel Partners’ $255 million venture capital division, Thomas Weisel Venture Partners. Doug began his career as a technology investment banker at Thomas Weisel Partners and Montgomery Securities in San Francisco.
About Harbor View Advisors
Harbor View Advisors works with clients in the software, technology-enabled services and business services industries. The firm’s unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their long-term goals. Harbor View offers mergers and acquisition advisory, corporate finance and private placement services, as well as outsourced corporate development and strategic consulting to fast-growing technology companies. For more information about Harbor View, visit http://www.harborviewadvisors.com.
Category: Announcements
Harbor View Advisors Announces the Closing of Advent Software’s $73 M Acquisition of Black Diamond
Ponte Vedra Beach, FL – June 1, 2011- Harbor View Advisors, LLC served as exclusive financial advisor to Black Diamond Performance Reporting LLC, a leading provider of web-based, outsourced portfolio management and reporting platforms for independent advisors, in its $73 million sale to Advent Software, Inc. (NASDAQ: ADVS). This successful transaction is the culmination of a three-year relationship between Harbor View and Black Diamond in which Harbor View delivered a variety of strategic consulting and advisory services.
Black Diamond and its management team will lead the advisory strategy for Advent Software and will operate as an independent business group within Advent. Reed Colley, Black Diamond’s Founder and CEO, will become General Manager of the Black Diamond group, reporting to Peter Hess, Advent’s President. Black Diamond has grown revenues over 40% per year over the last two years. Upon closing, Advent expects Black Diamond to contribute just under $1 million per month of recurring revenues.
“I’m excited about joining forces with Advent. We are both driven by providing the best solutions for our clients,” said Black Diamond’s Founder and CEO Reed Colley. “Black Diamond now gains access to resources to accelerate both our product development and growth. The combination of Black Diamond and Advent is a great mix of our focused, innovative solutions with one of the most trusted pioneers in investment management technology. Together, I am confident we will continue to redefine how advisors use technology to grow their practices and achieve great results for their clients.”
About Harbor View Advisors
Harbor View Advisors works with clients in the software, technology-enabled services and business services industries. The firm’s unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their long-term goals. Harbor View offers mergers and acquisition advisory, corporate finance and private placement services, as well as outsourced corporate development and strategic consulting to fast-growing technology companies. For more information about Harbor View, visit http://www.harborviewadvisors.com.
About Black Diamond Performance Reporting
Black Diamond is a leading provider of Web-based, outsourced portfolio management and reporting platforms to independent advisors, wealth managers, banks, broker-dealers and family offices. Founded in 2003, Black Diamond currently reports on over $75 billion in advisor assets and is a pioneer in delivering daily reconciliation and performance reporting services through a dynamic, user-friendly and customizable platform. Black Diamond has been recognized as a top ten fastest-growing firm in Northeastern Florida for the past two years and one of the top three Best Places to Work in Jacksonville by the Jacksonville Business Journal. Black Diamond Performance Reporting is headquartered in Jacksonville, Florida, with offices in Dallas, Denver, Philadelphia, New York and San Francisco. For more information about Black Diamond services, visit http://www.blackdiamondreporting.com.
