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William Blair Advises TriTech Software Systems on Sale to Insight Venture Partners

Monday, November 24, 2014

TriTech Softwrae Systems

William Blair & Company acted as the exclusive financial advisor to TriTech Software Systems, a portfolio company of Friedman Fleischer & Lowe (FFL), in connection with its sale to Insight Venture Partners. The transaction closed on November 20, 2014.

Transaction Highlights

  • Strong strategic and private equity interest:  William Blair successfully positioned TriTech as the “platform asset” in a fragmented public safety software market. This positioning combined with TriTech’s strong financial performance helped drive significant interest from both potential strategic acquirers as well as private equity investors.
  • Execution excellence:  The William Blair team orchestrated a highly competitive and accelerated process. Key process milestones included: (i) “fireside chats” with selected potential strategic acquirers in early August, (ii) expanded outreach, including private equity, in late August, (iii) indications of interest in late September, (iv) management meetings in early October, and (v) a signed purchase agreement in late October.
  • Trusted guidance:  William Blair’s senior deal team was integrally involved in each step of the transaction process and facilitated an exceptional outcome for TriTech and FFL.

About the Companies

TriTech is the largest independent provider of public safety software in North America. TriTech provides a full suite of solutions for large, medium, and small agencies of all types (Police, Fire, and EMS). Through its integrated approach, TriTech is able to deliver a seamless workflow from 9-1-1 call taking and triage, through multi-agency and multi-jurisdiction responder dispatch, and quick and efficient records entry and retrieval. TriTech has over 2,700 installations across seven countries, including over 70 of the top 100 municipalities in the U.S.

FFL is a San Francisco-based private equity firm that invests in middle-market companies. FFL’s investment approach is anchored by a sizeable long-term capital base and proven management techniques that yield attractive returns on capital and strong growth prospects.

Insight Venture Partners is a leading global private equity and venture capital firm. The firm has raised more than $8 billion and invested in more than 200+ software, e-Commerce, Internet, and data-services companies.

William Blair’s Momentum in the Software Sector Continues

The transaction extends William Blair’s exceptional momentum in enterprise software M&A in 2014 including 11 closed and/or signed transactions year-to-date representing $2.5 billion in total transaction value. In addition to TriTech, William Blair served as financial advisor to numerous highly recognized market leaders as evidenced by the transactions below.

Selected Transactions

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