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Stonebridge Technology Associates Advises Ecora Software on Sale to Versata Enterprises, Inc.
BOSTON, Massachusetts—October 2, 2008—Versata Enterprises, Inc. (Versata), a leading provider of enterprise software solutions, has acquired Portsmouth, New Hampshire-based Ecora Software Corporation (Ecora) for an undisclosed amount. Ecora offers industry-leading IT management software solutions that automate system configuration auditing and compliance reporting. By providing a proactive view of an organization's IT infrastructure, Ecora’s software helps ensure that critical business services comply with external regulations and internal standards.
Stonebridge Technology Associates, a leading provider of investment banking services to early stage and emerging growth technology companies, served as the exclusive financial advisor to Ecora in this transaction. In this role, Stonebridge assisted Ecora in managing all aspects of the sale, including structuring the transaction and leading the business term negotiations on behalf of the company.
Mike Sullivan, President of Ecora, stated, “Stonebridge’s expertise in both the M&A and capital raising areas allowed us to explore several strategic alternatives simultaneously. Their focus on finding the right solution for the company and providing day-to-day senior level attention to Ecora proved critical in meeting our objectives.”
About Stonebridge Technology Associates
One of New England’s largest independent investment banking firms, Stonebridge Technology Associates—a division of Stonebridge Associates—specializes in providing merger and acquisition (M&A), divestiture, private placement, and strategic financial advisory services to middle market and emerging growth companies in the healthcare and technology sectors. Applying a wealth of industry experience, superior technical skills, and structuring expertise to every engagement, Stonebridge Technology Associates develops creative solutions to help clients achieve superior outcomes. Since 1986, Stonebridge has closed over $3 billion in private financings and advised on over 300 M&A transactions and advisory assignments. Member FINRA/SIPC. For more information, please visit www.stonebr.com.
About Ecora
Founded in 1999, Ecora Software Corporation provides configuration audit and compliance reporting solutions to customers worldwide—ensuring that their IT infrastructures remain operationally effective, secure, and compliant. A key element in an organization’s business service management (BSM) strategy, Ecora is the market leader in transforming enterprise-wide configuration data into clear, actionable reports for regulatory compliance audits and IT best practice implementation. Ecora serves more than 800 worldwide customers—including many Fortune 1000 companies—across the financial, healthcare, government, transportation, technology, retail, and business service industries.
About Versata
With a global presence across 45 countries, Versata Enterprises provides enterprise software solutions that deliver business results, performance, and scalability while dramatically reducing IT spending. Versata Enterprises comprises a number of leading solution providers, including Versata, Inc., Artemis International Solutions Corporation, Nextance, Inc., Gensym Corporation, Clear Technology, Inc., Tenfold Corporation, and Evolutionary Technologies, Inc. Through these entities, Versata offers a variety of software solutions including incentive management, pricing and price optimization, order management, business rules management systems, policy administration, product offer management, product configuration, variable marketing management, and rating and underwriting solutions. A subsidiary of Trilogy , Inc., the company was founded in 1991 and is based in Austin, Texas.
For additional information regarding this transaction, please contact: Bob Cronin, Senior Managing Director, Stonebridge Technology Associates, at (617) 357-1770 or rcronin@stonebrtech.com.
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