Software & Tech-Enabled Services

Navigating the intersection
of innovation and strategy

Technology is one of the most vital components of our economy today and is foundational to every business. We have a long history of successful transactional outcomes for our clients in the tech and tech-enabled sectors. We bring a dynamic entrepreneurial and analytical perspective to each engagement, complemented by our extensive middle-market banking expertise. Whether you are selling a company, making an acquisition or raising capital, we can tailor a strategy that optimizes your outcome.

Sub-sectors include:

  • Application and Infrastructure Software
  • Data Centers & Mission Critical Infrastructure
  • Internet and Digital Media
  • IT Security
  • IT Services
  • SaaS and Cloud-based Services
  • Semiconductors

Related Transactions

has completed a majority recapitalization with

Industry
Industrial Services & Manufacturing
Environmental & Sustainability
Business Services
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Divcon Controls provides building automation consultation and custom design for the commercial and manufacturing industries.

has been acquired by

Industry
Business Services
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Headquartered in Houston, Texas, JMFA provides software and tech-enabled services designed to optimize overdraft programs for regional/community banks and credit unions. The Company serves more than 350 customers with its core overdraft privilege program. JMFA also provides vendor contract negotiation services and uses proprietary software and ongoing consulting to confirm compliance and identify areas of improvement with client overdraft programs.

has been acquired by

Industry
Environmental & Sustainability
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Founded in 1994, New Century is a leading provider of pipeline integrity management software and services to energy transportation companies. The Company is headquartered in Fort Collins, Colorado and provides software solutions, data management expertise, and extensive pipeline experience to enable a global network of customers in the oil and gas industry to manage pipeline integrity, meet regulatory compliance, and maximize safety and reliability.

has completed a refinancing and recapitalization

$14,900,000

consisting of
Industry
Business Services
Software & Tech-Enabled Services
Services
Raising Capital
Financial Restructuring

Voice Media Group Inc. is a diversified media and marketing services company that specializes in serving advertisers, business owners and readers across the country as the digital heir to one of America’s most successful media organizations. Based in Denver, Voice Media Group today publishes four weekly alternative print newspapers with affiliated web properties and two additional digital-only platforms. The Company’s fast-growing digital marketing agency, V Digital Services (“VDS”), offers the most complete range of digital marketing services available targeting small and medium businesses, including organic and local search engine optimization, paid media placement, programmatic display advertising and social media management, among others.

has completed a majority recapitalization with

Industry
Business Services
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

SchoolAdmin is a market leader in admissions, enrollment and billing technology for K-12 schools. Working closely with over 400 customers, the Company has gained a deep understanding of the needs of parents and school administrators. SchoolAdmin is driven by a mission to improve a school’s ability to recruit, admit, enroll, and retain students through easy-to-use, feature-rich solutions.

has sold its health savings account business to

Industry
Software & Tech-Enabled Services
Healthcare
Services
Mergers & Acquisitions

Tango Health is a leading software and services company focused on supporting organizations to deliver a better benefits experience since 2008. Tango Health’s flexible solutions include decision support, benefits engagement, benefits communications, virtual open enrollment, and full-service ACA compliance and reporting.

has been acquired by

Industry
Energy, Power & Infrastructure
Environmental & Sustainability
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

GeoFields is a leading global supplier of software and services for pipeline integrity data collection, management and risk analysis for the oil and gas industry. GeoFields’ software enables pipeline operators to collect critical integrity data, perform risk modeling and high consequence area (HCA) risk analysis, and prioritize pipeline integrity-related maintenance and asset management activities. The Company is headquartered in Atlanta, with offices in Houston and Denver.

has completed a majority recapitalization with

Industry
Business Services
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Founded in 2008, Utegration is a leading full service SAP consulting and implementation company serving the utility and energy industries. The company has built a strong reputation in the utility industry and today serves many of North America’s leading electric, gas, and water utilities with proven capabilities to enhance utility customer satisfaction, achieve regulatory mandates for service improvements, provide valuable business intelligence solutions to better manage enterprise assets, and help utilities address the digital transformation of the power grid. Utegration’s deep technical and utility sector expertise has positioned Utegration as a thought leader in the industry, as reflected by its recent recognition by SAP as Partner of the Year for the Utility Industry.

has received a growth investment from

Industry
Business Services
Software & Tech-Enabled Services
Services
Raising Capital

Headquartered in Austin, Texas, BP3 Global, Inc. (BP3) is the leading provider of business process and decision management (BPM) software and services, providing business process, decision management, and analytics software and services to the Fortune 500. Since 2007, BP3’s Brazos Platform has been powering thousands of digital transformations for their customers. BP3’s solutions and services have transformed customer experiences in financial services, retail, healthcare, and the energy sectors. BP3 goes beyond analytics by embedding insights into workflows to actually address the problems by connecting the dots between the customer experience and the enterprise. The largest corporations in the world depend on BP3’s operational services including: 24×7 solution support, process optimization, migration assistance, and cloud management.

has acquired

Industry
Energy, Power & Infrastructure
Software & Tech-Enabled Services
Services
Buy-Side Advisory

RigNet is a leading global provider of managed remote communications, telecoms systems integration and collaborative applications dedicated to the oil and gas industry, focusing on offshore and onshore drilling rigs, energy production facilities and energy maritime vessels. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to over 1,100 remote sites in fifty countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas.

has been acquired by

Industry
Business Services
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Internet America (OTC: GEEK) is a leading wireless Internet service provider (“WISP”) focused on providing high-speed broadband Internet and related services to subscribers in areas not covered by traditional Internet service providers. The Company is headquartered in Houston, Texas and offers a product suite that includes wireless Internet, specialized e-mail, DSL Internet, dial-up Internet, Internet fax, and other various ancillary products totaling approximately 27,000 subscriber services in Texas, Missouri and Oklahoma.

has received

Financial Advisory Services

Industry
Business Services
Software & Tech-Enabled Services
Services
Advisory Services

Internet America (OTC: GEEK) is a leading wireless Internet service provider (“WISP”) focused on providing high-speed broadband Internet and related services to subscribers in areas not covered by traditional Internet service providers. The Company is headquartered in Houston, Texas and offers a product suite that includes wireless Internet, specialized e-mail, DSL Internet, dial-up Internet, Internet fax, and other various ancillary products totaling approximately 27,000 subscriber services in Texas, Missouri and Oklahoma.

has been acquired by

Industry
Business Services
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

CDB is a leading provider of data management solutions for IBM DB2 z/OS. CDB provides unique and innovative mainframe utilities that enable companies to expand their DB2 system to meet business needs while controlling the overall cost of the mainframe.

has been acquired by

Industry
Business Services
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Prodagio is a leading provider of mission critical, cloud-based and on-premise Accounts Payable Automation and Contracts Lifecycle Management solutions which are deployed by a large and growing base of Fortune 500 and midrange enterprise customers across multiple industry verticals. The Company is headquartered in League City, Texas.

Common Membership Units

$20,000,000

from

Energy Telecom Investment, LLC & Affiliates

Industry
Energy, Power & Infrastructure
Software & Tech-Enabled Services
Services
Raising Capital

TEN is deploying wireless data networks to cover the oil and gas producing regions of the Permian Basin and Eagle Ford Shale, using the latest available fourth-generation Long-Term Evolution (“4G LTE”) communications technology over exclusively licensed 700 MHz and AWS spectrum. The Company’s network will provide oilfield communications capabilities that are faster and more reliable than existing satellite and private radio network solutions at substantially lower prices. The implementation of this network will finally enable the energy industry to fully and cost-effectively realize the long-anticipated efficiencies in centralized monitoring, reporting, troubleshooting and mobile communications offered by the “Digital Oilfield.” TEN’s service will replace existing technologies and, due to its attractive price point, greatly expand the addressable market. Applications include remote drilling data collection and analysis, real-time reporting of well production and equipment performance, centralized expert analysis and troubleshooting, mobile connectivity for field operations, including oilfield services providers, site access control and security monitoring, and Voice over Internet Protocol (“VoIP”) and video conferencing applications. Founded in 2010 by telecommunication industry veterans, TEN commenced initial network operations in Andrews County, TX in August 2011.

has been acquired by
a portfolio company of
Industry
Business Services
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Headquartered in Austin, Texas, TradeOne is a leading provider of technology-enabled services to large Fortune 500 companies in a variety of industries, creating programs that include various incentive programs, rebate plans and loyalty programs. The Company specializes in cooperative advertising, which involves ads or marketing collateral used by channel partners including agents, franchisees and dealers advertising on behalf of TradeOne’s corporate clients.

has completed a majority recapitalization with

Industry
Energy, Power & Infrastructure
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Merrick Systems, Inc. is a market leader in providing industrial information technologies for the upstream and midstream oil and gas industry. Recognized for its industry expertise and innovative technologies, Merrick is committed to delivering best-of-breed solutions to improve production operations, help oil and gas companies extend the life of their assets, lower lifting costs, increase production and optimize operations. Headquartered in Houston, Texas, Merrick is establishing a global infrastructure to sell, implement and support its technologies.

has completed a merger and recapitalization with
a portfolio company of
Industry
Energy, Power & Infrastructure
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Based in Houston, TX, Entessa is a leading provider of logistics management software for the oil and gas supply chain. The Company’s core software solution, Synthesis™, was launched in 2006 and enables its customers to optimize their supply chain. Synthesis™ is an order-to-cash proprietary enterprise software program developed by Entessa that allows midstream, downstream and fully integrated energy companies to manage the logistical scheduling and operations, inventory management, billing and invoicing aspects of their business within one integrated product suite.

has sold

OVS Technologies

a division of Merrick Systems

Industry
Energy, Power & Infrastructure
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Merrick is an established market leader in industrial information technology for the oil and gas industry, providing software solutions, electronics and associated professional services. The Company’s production and drilling technologies reduce costs and improve efficiencies, from back office to field operations and engineering tools. Headquartered in Houston, Texas, Merrick has established a global infrastructure to sell, implement and support its products from offices around the world.

has been acquired by

Industry
Business Services
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

e-Services was founded in 2000 and is headquartered in Houston, Texas, with regional headquarters in Montego Bay, Jamaica. The Company is a leading offshore provider of business process outsourcing (“BPO”) services with an emphasis on inbound customer care and transaction processing solutions. e-Services employs approximately 4,000 agents across seven Caribbean locations in Jamaica and St. Lucia. The Company’s services address the increasing demand for “nearshoring” of customer care, which preserves the quality of service and communication associated with North American providers while capturing the labor and overhead cost savings of offshore operations.

has been acquired by

Industry
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Houston Consulting Group, Inc. is has provided software and consulting services to refineries located throughout the world since 1997. The company believes it is the dominant refinery scheduling software provider in the market. HCG has completed 29 installations over the last three years and has licensed its products at an additional 12 refineries. The company has sales offices in Houston, London and Bangkok and has 10 full-time employees.

has issued Series A preferred stock

$15,000,000

Industry
Software & Tech-Enabled Services
Services
Raising Capital

Simplified Development Corporation is a software company that develops Internet-based software solution for e-telcos and provides a comprehensive solution for e-telcos including billing, reporting, e-commerce, authentication and authorization, security, rating, system administration and customer management, and provisioning. It interfaces with Cisco, Nortel and Lucent and operates multiple vendors from a single site.

has received

Financial Advisory Services

Industry
Software & Tech-Enabled Services
Services
Advisory Services

Simplified Development Corporation is a software company that develops Internet-based software solution for e-telcos and provides a comprehensive solution for e-telcos including billing, reporting, e-commerce, authentication and authorization, security, rating, system administration and customer management, and provisioning. It interfaces with Cisco, Nortel and Lucent and operates multiple vendors from a single site.

has issued convertible preferred stock

$1,000,000

Industry
Software & Tech-Enabled Services
Services
Raising Capital

Entelligence, Inc. places talented and forward-thinking information systems professionals in contract and full-time employment opportunities with companies that use information technology to gain a competitive advantage. The company also offers strategic consulting IT services.

has been acquired by

Industry
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

Spectrum Software Services Group, Inc. (S3G, Inc.) is a software consulting firm that provides business enterprise application support services such as planning, customizing, implementing and software information systems with applications in financial, human resources and materials management.

has received

Financial Advisory Services

Industry
Software & Tech-Enabled Services
Services
Advisory Services

AutoGas Systems, Inc. provides software development services in customer solutions and operations systems for the gasoline, retail, and c-store industries.

has issued convertible preferred stock

$18,000,000

Industry
Software & Tech-Enabled Services
Services
Raising Capital

Bindview Development is a developer of network management software and administrative tools for Novell and NT networks.

has issued convertible preferred stock

$5,000,000

Industry
Business Services
Software & Tech-Enabled Services
Services
Raising Capital

Fiberspar, Inc. has developed and patented a composite material and an automated, flexible and low-cost manufacturing process that creates high-performance tubular products superior to those that previously existed.

Basil Joffee Associates & Bechtel P.I.M.S.

has been acquired by

Industry
Software & Tech-Enabled Services
Services
Mergers & Acquisitions

The Bechtel Corporation is a leading provider of global engineering, procurement, and construction services to a wide variety of industries. Bechtel’s P.I.M.S. (Process Industries Modeling System) business unit, headquartered in Houston, provides market-leading software products for planning and scheduling in the process industries, which are based on linear programming technology. Bechtel PIMS contracts with Basil Joffe Associates Inc., a local independent software company, to conduct software development.

has merged with

Sequoia Systems, Inc.

Industry
Industrial Services & Manufacturing
Software & Tech-Enabled Services
Services
Buy-Side Advisory

Texas Microsystems, Inc. is a manufacturer of industrial personal computers and servers.

Engineering Physics Software, Inc.

has received

Financial Advisory Services

Industry
Software & Tech-Enabled Services
Services
Advisory Services

UniPure Corporation

has issued common stock

$2,500,000

Industry
Software & Tech-Enabled Services
Services
Raising Capital

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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