“The SEG team added tremendous value to the process, but their high-touch involvement in our company was most outstanding. The team gave us new perspectives about our company, including insightful data and reporting metrics, that we haven't thought of since we launched the product 5 years ago. The team was dedicated, aggressive when need be, and effectively ran a highly strategic, competitive process that drove valuation. In the end, SEG exceeded our expectations.”
Robert Balgely, CEO, Mersive Technologies

SEG Client, Mersive Technologies, Acquired by OpenGate Capital

January 16, 2018 -- Software Equity Group announces its client, Mersive Technologies, a leading provider of wireless collaboration software, has been acquired by private equity firm OpenGate Capital. SEG served as exclusive advisor to Mersive Technologies.

Andrew Nikou, founder and CEO of OpenGate Capital, stated, “OpenGate Capital has successfully invested in technology businesses acquired from KPN, Philips and Damovo going back to 2006. Since realizing our last technology investment in Getronics in late 2016, we have made specific investments in our business development team and sourcing processes to find another tech-related opportunity. Mersive is an exciting investment considering the global and transformative nature of its software solutions in an otherwise hardware-dominated market and its continued triple-digit, year-over-year growth rate with new and existing customers.”

Commenting on the acquisition, Rob Balgley, CEO of Mersive, stated, “Mersive is a driving force in changing the way industry leading organizations work and learn. The acquisition of Mersive by OpenGate Capital will provide access to the growth capital and operational expertise we need to scale the company and achieve its full potential.”

The acquisition follows four years of exponential growth for Mersive driven by customer demand for software-based solutions that are easy to deploy and affordable for both traditional meeting rooms and huddle spaces. Mersive represents the seventh acquisition through OpenGate Capital’s first institutional fund following the firm’s previous acquisitions of Power Partners, Energi Fenestration Solutions, Bois & Matériaux, Alfatherm, EverZinc and Hufcor.

About Software Equity Group

Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.