Cherry Tree & Associates | November 2021
Cherry Tree has been tracking trends and activity in the Technology Enabled Business Services (TEBS) space for more than 15 years, including the TEBS 100, which is a broad index of 100 publicly-traded TEBS companies.
The four segments of the TEBS 100 are:

  • SaaS/Software
  • Business Process Services
  • Information Services
  • Infrastructure Services
Each issue of this newsletter highlights transactions involving TEBS companies, as well as performance metrics for the TEBS 100. Cherry Tree also produces quarterly TEBS updates and a research report which are available for download:
Cherry Tree has more than 15 years of experience working with businesses in the TEBS space. Our clients include companies seeking to sell their businesses or divest non-core assets, as well as strategic and financial buyers looking to make acquisitions.

Contact Mik Gusenius at mgusenius@cherrytree.com with any questions.
NOTABLE TRANSACTIONS – November 2021
Tempo Agrees to Acquire Roadmunk

Tempo Software, the leader in team time management and productivity-enhancing solutions announced the acquisition of Roadmunk, the end-to-end roadmapping solution for building and communicating product strategy.

Read more
www.businesswire.com
Verisk Acquires Driver Data Safety

Verisk Analytics, the global data analytics firm, has acquired North Carolina-based Data Driven Safety to expand its automobile insurance underwriting data business, Verisk announced.

Read more
www.insurancejournal.com
Accenture Acquires ClearEdge Partners

Accenture has announced the acquisition of ClearEdge Partners, a professional services firm specializing in IT procurement spend management. The terms of the deal were not publicly disclosed.

Read more
www.consulting.us
Pagely Acquired by GoDaddy

Pagely, a WordPress hosting and support service for enterprise, public sector and media companies, has been acquired by GoDaddy, an all-in-one website building platform and one of Arizona's most successful tech startups.

Read more
aztechbeat.com
First Advantage Acquires Corporate Screening

First Advantage, a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, announced that it has completed the acquisition of Corporate Screening Services.

Read more
www.globenewswire.com
Immersive Labs Agrees to Acquires Snap Labs

Immersive Labs, the company enabling organizations to continuously measure and optimize the human cyber capabilities of their entire workforce, announced the acquisition of Snap Labs.

Read more
www.yahoo.com
VertexOne Acquires EC Infosystems

VertexOne, a leading provider of enhanced SaaS solutions to the utility industry, announces the completion of their acquisition of EC Infosystems, the largest provider of Customer Information Systems, Billing, and Electronic Data Interchange.

Read more
www.yahoo.com
McAfee to be Taken Private by Advent-led Group

McAfee Corp said a consortium led by U.S. private equity firm Advent International will take the cyber security company private in a $14 billion deal.

Read more
www.reuters.com
TEBS 100 INDEX PERFORMANCE
TEBS 100 INDEX METRICS

For a confidential conversation about your company's strategic alternatives for exiting, merging, acquiring, or obtaining financing, please contact Mik Gusenius.

Prepared by:
Mik Gusenius, Managing Director

Phone: 952.253.6005


Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis. Our firm specializes in serving middle market companies and their owners, whether private, public, or divisions of larger corporations.
Important Disclosures

The information included in this publication has been obtained from public sources, and is not based upon private or confidential Cherry Tree information. Cherry Tree gathers its data from sources it considers reliable. However, it does not guarantee the accuracy or completeness of the information provided within this publication. Any opinions presented reflect the current judgment of the authors and are subject to change. Cherry Tree makes no warranties, expressed or implied, regarding the accuracy of this information or any opinions expressed by the authors. Officers, directors, partners of Cherry Tree and Cherry Tree proprietary investment funds may have positions in the securities of the companies discussed, and certain affiliates of Cherry Tree may recommend to specific clients the purchase and sale of securities discussed in the publication. This publication does not constitute a recommendation with respect to the securities of any company discussed herein, and it should not be construed as such. Cherry Tree or its affiliates may from time to time provide investment banking or related services to these companies. Like all Cherry Tree employees, the authors of this publication receive compensation that is affected by overall firm profitability. We undertake no obligation to update any information in this publication.

The TEBS Performance Index is a hypothetical index, and does not reflect an actual investment portfolio. Comparisons between the TEBS Index and other indices are for illustrative purposes only. Correlations in performance information for the TEBS Performance Index and other indices should not be relied upon as indicative of risks involved in owning or holding a portfolio of securities similar to the TEBS Performance Services Index. Past performance should not be relied upon as indicative of future performance.