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
Cass Information Systems acquires Waste Reduction Consultants, Inc
Ponte Vedra Beach, FL and Cambridge, MA – January 27, 2012 – Harbor View Advisors, LLC is pleased to announce the completion of Cass Information Systems’ (NASDAQ: CASS) acquisition of Waste Reduction Consultants, Inc. (WRC). Harbor View served as exclusive financial advisor to WRC in the transaction. In addition, Harbor View had previously worked with WRC through its Accelerator Program, advising the company on a variety of strategic initiatives to support its rapid growth. Terms of the deal were not disclosed.
WRC is a fast-growing provider of expense management services, enabling multi-location businesses to reduce operating costs through information-driven optimization and procurement of waste removal services. The company will continue to grow its business and service its clients as part of Cass, a leader in back office BPO solutions. The acquisition extends Cass’ portfolio of services for controlling facility-related expenses. CEO Bryce Kaspar, who founded Waste Reduction Consultants in 1999, will join Cass and continue to manage the Jacksonville, FL- based operations.
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.
About Cass Information Systems
Cass Information Systems, Inc. (NASDAQ: CASS) is the leading provider of transportation, utility and telecom expense management and related business intelligence services, disbursing more than $27 billion annually on behalf of its clients. With annual revenues approaching $100 million and total assets exceeding $1 billion, Cass is a business process outsourcer focused on invoice audit, processing and payment services. Cass Commercial Bank, established in 1906, is a wholly owned subsidiary and Federal Reserve Member Bank, providing sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000(R).
