Yazılar

Granicus Owners Consider $4 Billion Sale of Government-Services Software Maker

/in /tarafından

Granicus, a government-services software maker based in Denver, is reportedly preparing for a potential sale that could value the company at approximately $4 billion, including debt. The firm, owned by private equity firms Vista Equity Partners and Harvest Partners, has engaged investment banks Jefferies and William Blair to explore the sale process, which is expected to begin in the second half of the year, according to sources familiar with the situation.

The discussions are still in the early stages, and the sources cautioned that the sale’s timing and details are not yet finalized. The owners are aiming for a valuation that reflects more than 20 times the company’s projected earnings before interest, taxes, depreciation, and amortization (EBITDA) of approximately $175 million.

Founded in 1999, Granicus offers cloud-based software and various technology tools to governments at the federal, state, and local levels. These tools are designed to improve government efficiency, transparency, and citizen engagement, including services like website design and maintenance, public records management, and technological upgrades to help citizens better connect with public officials.

Vista Equity Partners acquired a majority stake in Granicus in 2016, followed by a merger with another Vista-backed company, GovDelivery. Harvest Partners acquired a significant stake in Granicus from Vista and K1 Investment Management in 2020. Neither Vista, Harvest Partners, Granicus, Jefferies, nor William Blair immediately responded to requests for comment.

Fraud Prevention Software Firm Riskified Explores Sale

/in /tarafından

Riskified, a New York-based company specializing in fraud prevention software for e-commerce, is exploring strategic options, including a potential sale, after attracting interest from multiple parties, according to sources familiar with the matter. The company, originally founded in Israel, is working with investment bank Qatalyst Partners to evaluate takeover approaches, with discussions remaining in the early stages.

Potential buyers for Riskified include digital payment processing firms, online shopping platforms, cybersecurity companies, and private equity firms. However, the sources cautioned that a deal is not assured. Following the news, Riskified’s stock price rebounded, surging nearly 9% on Wednesday.

Riskified, which went public nearly four years ago through an initial public offering, is currently valued at around $860 million. The company has faced significant challenges, with its stock plummeting more than 80% from its peak in September 2021 to its close on Tuesday. Despite its success in providing fraud prevention software for retailers, Riskified has not been profitable since its shares began trading.

For the quarter ending December 31, the company reported a widened net loss of $4.1 million, compared to a loss of $3.3 million in the previous year. This financial setback was partially attributed to the loss of several large customers in some of its key sectors.

Founded in 2013, Riskified provides fraud prevention services to e-commerce businesses, helping retailers protect digital transactions from fraudsters. Notable clients include luxury fashion brand Prada, online travel platform Booking.com, and jewelry brand Swarovski.