Bregal Sagemount backs Internet access provider Single Digits; SaaS deals carry on
Middle-market private equity firm Bregal Sagemount has made a majority investment in Single Digits Inc., a high speed Internet access (HSIA) management software provider. The capital will be used to pursue strategic acquisitions and organic growth initiatives, according to Single Digits CEO Robert Goldstein.
Single Digits’ services allow public venues such as hotels, arenas, shopping malls and transportation hubs to provide secure, fast broadband access to everyday consumers. Clients can personalize their HSIA systems using the target's software product, called the Broadband Authentication Platform. The target services the hospitality, healthcare, education, transportation, retail, and office sectors. Single Digits’ technology suite includes: IP network design and deployment, real time network monitoring, around the clock customer support, network optimization and network access control.
Bregal Sagemount is a New York-based private equity firm that invests up to $150 million in transactions. The firm concentrates on the logistics, software, health care technology and financial technology sectors. In 2016, Bregal Sagemount acquired Discovery Data Inc. from software company Ipreo LLC and also backed logistics service provider Internet Truckstop Group.
M&A involving technology, media and telecommunications are expected to soar throughout 2017, according to Mergers & Acquisitions’ Mid-Market Pulse (MMP). Recent SaaS deals include: Salesforce.com’s plan to purchase cloud-commerce services distributor Demandware Inc. (NYSE: DWRE); Thoma Bravo’s purchase of enterprise software developer Qlik Technologies Inc. and the firm's deal to acquire resource management software maker Planview; Syncsort Inc.’s agreement to purchase data integration software developer Trillium Software ; and Dun & Bradstreet Corp.’s (NYSE: DNB) acquisition of sales data provider Avention. Cook, Little, Rosenblatt & Manson Pllc acted as legal counsel to Single Digits and Goodwin Procter LLP served as legal counsel to Bregal Sagemount.