2023 M&A Advisor - Year in Review

George Chalmers
CORA News & Updates
February 14, 2024
2023 M&A Advisor - Year in Review

There were 3 new software companies that joined the CORA family in 2023.
To learn more, read the CORA 2023 Year in Review here.

Of the 3 acquisitions completed last year, 2 were M&A advisor-lead processes.

- Both M&A advisor-led acquisitions were in North America

- These acquisitions were within established verticals

Here is a summary of each acquisition and the advisor-led that was involved in each process.

Data-Basics Inc.

Data-Basics was advised by Corporate Finance Associates, an independent international investment banking firm, advocating on behalf of business owners who are restructuring a company, either through divestiture, merger, acquisition, or recapitalization. With further comment on the transaction, Dan Vermeire, Managing Director of Corporate Finance Associates, states, "The acquisition is a testament to the quality of the Data-Basics team and the strength of their technology. We are confident that the combination with CORA will create tremendous value for customers and employees."

About Data-Basics Inc.

Data-Basics Inc. provides end-to-end integration software solutions for businesses in need of field service and construction management. SAMPro Enterprise by Data-Basics is one of the only field service software systems on the market today that offers contractors powerful tools to accommodate both in one complete ERP package. For more than 40 years, businesses have turned to SAMPro Enterprise for mission-critical service management software solutions.

Click here to visit the Data-Basics website.

WebRecon LLC.

WebRecon was advised by Corporate Advisory Solutions, a leading investment bank serving middle-market companies, recording successful transactions in 40 years of combined experience providing independent investment and merchant banking services. With further comment on the transaction, Michael Lamm, Managing Partner of Corporate Advisory Solutions, states, "WebRecon's expertise in litigation tracking and consumer risk management aligns perfectly with CORA's vision of providing comprehensive software solutions to the credit and collection industry. We are confident that the partnership between WebRecon and CORA will deliver significant value to both companies.” Securities transactions conducted through StillPoint Capital LLC, Member FINRA/SiPC, Tampa, FL.

About WebRecon

WebRecon is a leading provider of litigation tracking and consumer risk management solutions for businesses in the credit and collection industry. With its advanced technology and expertise, WebRecon helps companies identify litigious consumers and track litigation and CFPB complaints to mitigate risks effectively. Through affordable, usage-based pricing models, WebRecon has become a trusted partner for businesses seeking comprehensive risk management solutions.

Click here to visit the WebRecon website.

Why work with CORA?

M&A Expertise – Our dedicated team of M&A professionals have the knowledge and experience to manage the process efficiently and effectively. We can move quickly to close.

Vertical Market Software (VMS) Expertise – 25+ year track record of acquiring, managing, operating, and growing VMS companies across the world. With the presence of over 10 verticals, CORA has an established reputation of being a strong, global software operator.

Ensure the Best Future for Your Client – When your client joins The CORA Group, they have a permanent home. CORA is different than other acquirers because we don’t sell our businesses. We offer a decentralized model for our portfolio companies to operate with the same management and staff, but with additional resources, support, and best practices.

Our Investment Preferences

As a general guideline, we are looking for the following:

Technology: We acquire software companies that sell a proprietary solution that is highly tailored to fit the needs of one or more vertical markets.

Industry: Our existing verticals include Construction, Debt Collections & Recovery, Foodservice, Loyalty, Moving & Storage, Legal, etc. We are continuously expanding in our existing verticals as well as adding new verticals via acquisition.

Size: Smaller businesses with as few as a handful of employees and larger businesses with hundreds of employees have found their home at CORA.

Geography: With offices in over 10 countries and customers in many more, borders are not a barrier to acquisition.

Global M&A Leaders

The CORA Group operates independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets. Today, CORA is proud to supply industry-leading enterprise management software and related services to customers in over 10+ vertical markets.

We are actively looking to have a dialogue with vertical market software leaders and M&A advisors.

If you own a vertical market software business or work with clients who do, our M&A professionals would welcome the chance to connect with you.

Contact us to Connect!

George Chalmers, Associate Director, M&A Corporate Development
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Shivani Ramesh, Associate, M&A Corporate Development
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