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April 6, 2023
eProductivity Software Acquires Tharstern Group
eProductivity Software, producer of transformational technology for the print and packaging industries, has acquired UK-based Tharstern Group, a management information system (MIS) software provider...
By Dan Pender
March 31, 2023
Sylvester Hester On Partnership And Job Creation When Launching LM Manufacturing
LM Manufacturing President and CEO Sylvester Hester on launching the business, how the opportunity came about and the importance of being a job creator in Detroit...
By Adam Burroughs
January 13, 2023
With SmartWitness, Business Liability Tool Turns Into $200M Return For Nick Merchef
Nick Mirchef and his son-in-law, Chris Pflanz, went through the trails and tribulations of early-stage capital raises with their company SmartWitness and found a big payday at the end of it all. Today, they’re offering others advice using their experience as a guide. ...
By Dan Pender
December 16, 2022
Boon Logic Offers Silicon Valley Opportunity in Minnesota
Boon Logic, developer of machine-learning based anomaly detection algorithm, is completing its second funding round over the last four years with a nearly $40 million pre-money valuation to support the commercialization of two disruptive services. CEO Grant Goris sat down with the Smart Business Podcast team to discuss how is company was born, how it has grown, and what he’s learned about raising capital along the way. ...
By Dan Pender
July 15, 2022
Onix Networking Takes PE Growth Investment From Tailwind Capital
Lakewood-based Onix Networking Corp. has taken on a private equity growth investment from Tailwind Capital....
By Michael Marzec
June 16, 2022
How Paperless Parts Overcame Early Stumbles To Find Success
Paperless Parts recently raised $30 million of Series B venture funding led by OpenView Venture Capital. Jason Ray, co-founder and CEO of Paperless says he had some entrepreneurial stumbles along his path to building Paperless into what it's become today. ...
By Adam Burroughs
February 19, 2021
Paul Stillmank on preparing for an exit from the start
Paul Stillmank talks about the growth of 7Summits and it’s deliberate trajectory towards its sale....
By Adam Burroughs
July 8, 2020
Popcom Crowdfunds $2.3M
PopCom, a Columbus-based smart vending and kiosk startup, has completed its second equity crowdfunding campaign....
By Adam Burroughs
April 23, 2020
JAAS Systems Sells Manufacturing Software Business To Acumatica
Footprint Capital acted as the exclusive sell-side advisor to JAAS, working with both parties to consummate the agreement under a tight deadline for announcement at the 2020 Acumatica Summit earlier this year....
By Michael Marzec
April 9, 2020
Riverside Adds QueTel To Omnigo Safety Platform
The Cleveland PE firm has acquired Virginia-based QueTel, a provider of digital and physical evidence management software, as an add-on to its Omnigo Software platform....
By Michael Marzec
March 31, 2020
Snip Internet Lands $7.75M Series B Round
Cleveland-based Snip Internet closed a $7.75 million Series B venture round led by Peppertree Capital Management, according to PitchBook....
By Michael Marzec
March 31, 2020
Olive Raises $51M to Accelerate Health Care AI Product
Columbus-based Olive said it closed a $51 million funding round led by General Catalyst that will fund acceleration of its development of an artificial intelligence bot that manages administrative tasks for hospitals....
By Michael Marzec
March 18, 2020
Vivek Gupta: A deliberate deal process will pay off for buyers
The more time you spend selecting the right acquisition and utilizing a thorough diligence process, the more likely you are to get better returns down the line, says Mastech Digital President and CEO Vivek Gupta. Based on his past experience, he provides advice for other buyers....
By Jayne Gest
March 9, 2020
Invacare Completes Deal To Sell Dynamic Controls Subsidiary
As part of Invacare’s strategy to enhance its products, the transaction is expected to open the door to relationships which can provide access to technological innovations to further differentiate the company’s powered mobility products....
By Mark Scott
February 4, 2020
Rich Lunak on the hot technology market in Pittsburgh
The market for technology companies and disruptive startups remains red hot in Pittsburgh. Innovation Works' Rich Lunak shares what he's seeing in terms of valuations and deal flow....
By Jayne Gest
February 3, 2020
Everstream Completes Purchase Of Indy-Based Fiber Network
The purchase is part of Everstream’s strategy to provide reliable, high-bandwidth connectivity to enterprises in the Indianapolis metro area and throughout the Midwest....
By Mark Scott
January 29, 2020
Everstream plans to invest more than $250 million in buildout of its fiber network in 2020
The company also plans to pursue strategic acquisition and partnership opportunities, as well as enter five new Midwest markets....
By Mark Scott
January 21, 2020
Martin Renkis: Be a 10-year thinker when raising funds
Founder Martin Renkis talks about raising capital for Smartvue and how long-term thinking ultimately landed put him in the best position to succeed — culminating in a sale to Johnson Controls in 2018....
By Adsam Burroughs
January 15, 2020
MRI Software Gets Investment From Harvest Partners
Harvest Partners joins existing investors TA Associates and GI Partners as institutional shareholders in MRI. At the same time, TA Associates is also making a significant new investment in the business....
By Mark Scott
January 14, 2020
Ice Mobility Buys Mobileistic
Lincolnshire-based Ice Mobility has acquired assets of Grand Prairie, Texas-based Mobileistic LLC, a distributor and manufacturer of mobile device accessories....
By Mark Scott
January 10, 2020
Resilience Capital Partners-Backed Trialon Completes Acquisition
With the acquisition, Trialon adds a wide variety of additional testing capabilities including vehicle emissions, engine and chassis dynamometers, vehicle test lab, acoustics, materials and design and fabrication....
By Mark Scott
January 9, 2020
Americaneagle.com’s Michael Svanascini: When Customer Acquisition Wins Out Over Cultural Fit
While cultural fit is often critical to achieving a successful acquisition, it’s not mandatory, says Americaneagle.com’s Michael Svanascini....
By Mark Scott
January 8, 2020
BGL Sells Houston-Based CSAT Solutions Holdings
Brown Gibbons Lang & Co. has sold CSAT Solutions Holdings LLC, a portfolio company of CAI Capital Partners, to Insight Equity Holdings LLC....
By Mark Scott
January 8, 2020
Park Place Technologies Buys IntelliNet’s NOC
IntelliNet's NOC is Park Place Technologies' 13th acquisition since 2016 and its first in 2020, following the 2019 acquisitions of Entuity in August and UK-based MCSA Group Limited in April....
By Mark Scott
January 7, 2020
M/C Partners Buys West Monroe Partners’ Managed Services Division
Wayne Kiphart has been appointed CEO and will be responsible for driving the company’s growth and long-term returns for stakeholders....
By Mark Scott
January 3, 2020
For Arnie Malham, Selling One Business Informs Growing The Next
Arnie Malham had a nice little business in MedView Services, but it wasn’t really sellable. “What we found out is that while we had a great little niche with great little margins, the upside wasn't big....
By Adam Burroughs
January 2, 2020
Eaton Completes Sale Of Automotive Fluid Conveyance Division
The automotive fluid conveyance division manufactures hydraulic power assisted steering, active ride systems, oil cooling, air conditioning and plastic components for the automotive industry....
By Mark Scott
December 27, 2019
Hitachi Completes Deal To Buy JR Automation
The deal is expected to pair Holland-based JR Automation's global strengths in robotic system integration with Hitachi's deep skillsets in artificial intelligence and IoT solutions for manufacturing....
By Mark Scott
December 24, 2019
KKR Buys OverDrive From Rakuten
New York-based buyout firm KKR has agreed to buy Cleveland-based OverDrive Inc. digital reading platform for libraries and schools from Rakuten, which bought the business in 2015.OverDrive provides a...
By Michael Marzec
December 24, 2019
Chronic Care Management Raises Another $2.55M
The company previously raised $4.99 million in a Series A funding round from Chicago-based B.C. Ziegler & Co. and other unidentified investors....
By Michael Marzec
December 18, 2019
Maven Wave Bought By Paris-Based Atos
Maven Wave has grown to more than 330 employees and expects to generate approximately $130 million revenue in 2019....
By Mark Scott
December 17, 2019
Everstream’s Brett Lindsey: Don’t Be Afraid To Uncover Your Own Deal Opportunities
When you develop an effective M&A strategy to inform your decisions, you minimize the risk of making crucial mistakes. Everstream’s Brett Lindsey explains....
By Mark Scott
December 10, 2019
InSight Telepsychiatry, Regroup Telehealth merge
InSight Telepsychiatry and Regroup Telehealth have merged to become the largest telepsychiatry service provider in the US....
By Adam Burroughs
December 10, 2019
Compuware To Buy Innovation Data Processing
This would be Compuware's sixth mainframe software or services acquisition in the last three years....
By Mark Scott
December 9, 2019
Innovation Fund NEO Awards $275K To Five Startup Companies
Founded by the Lorain County Community College Foundation, Innovation Fund awards technology-based startups up to $100,000 so they can validate their technologies and business concepts....
By Mark Scott
December 3, 2019
Convergint Technologies Buys Pendergraph Systems
Convergint Technologies is a $1 billion global systems integrator that designs, installs, and services electronic security, fire alarm and life safety systems....
By Mark Scott
November 26, 2019
Target Data’s Ross Shelleman: Are You Ready To Make A Deal?
Before you get into a deal, you need to figure out if you have a willing seller, says Target Data’s Ross Shelleman....
By Mark Scott
November 14, 2019
DataCubes Raises $15.2M In Series B Funding Round
This latest round of funding will support DataCubes' investment in research and development, as well as help expand the team, adding 50 new employees in 2020....
By Mark Scott
November 13, 2019
Conservation Labs raises $1.7M in seed funding
Conservation Labs Inc., maker of smart water monitor H2know™, has raised a $1.7 million seed round investment. The round was led by Chicago-based IrishAngels, with additional investment from the Amazon Alexa Fund, Serra Ventures as well as Pittsburgh investors Mountain State Capital and Innovation Works....
By Jayne Gest
November 12, 2019
Threekit Closes $20M Series A Round
The funding round was led by Shasta Ventures. Additional investors include Salesforce Ventures, former San Francisco 49ers quarterback and Hall of Famer Steve Young, Marketo Co-Founder Phil Fernandez and serial SaaS entrepreneur Godard Abel....
By Mark Scott
November 11, 2019
Xitron Bought By Global Graphics
Since the company’s inception in 1977, it has been viewed as a mainstay in professional prepress production and was recently awarded a patent for its unique USB-SCSI interface....
By Mark Scott
November 7, 2019
Robots, automation and AI, oh my!
Last month, participants in Columbus VC firm Drive Capital’s second robotics and automation summit — Devol’s Dance — spent the day exploring the future. While automation is critical to many of Drive Capital’s portfolio companies, two researchers shared how robots, overall, are changing the way we think and how we do our jobs....
By Jayne Gest
November 7, 2019
MedPilot Co-Founders Bring A Methodical Approach To Scaling Their Business
Matt Buder Shapiro and Nathan Spoden have taken a humble yet confident approach to building MedPilot....
By Mark Scott
November 6, 2019
Osprey Technology Acquisition launches IPO
Osprey Technology Acquisition Corp. completed its initial public offering of 27,500,000 units at a price of $10 per unit for gross proceeds to the company of $275,000,000....
By Adam Burroughs
November 6, 2019
Clearcover’s Kyle Nakatsuji: Talk To As Many Investors As You Can
Pitching investors works best when you connect with as many as possible, says the auto insurer's CEO....
By Mark Scott
November 6, 2019
Founded By CWRU Alums, Scout RFP Sells for $540M
Scout RFP, a cloud-based platform for strategic sourcing and supplier engagement, was founded by CWRU graduates Stan Garber and Alex Yakubovich....
By Mark Scott
November 5, 2019
Zebra Buys London-Based Cortexica
Founded in 2008, Cortexica has developed vision-based analytics and AI solutions to drive new user experiences and greater operational efficiencies....
By Mark Scott
October 31, 2019
QED Sells Majority Interest, Will Remain In Mayfield Village
QED will become a consolidated subsidiary of Tokyo-based Canon Inc., but will retain its name, independent identity and location in Mayfield Village....
By Mark Scott
October 29, 2019
Riverside Exits ProSites
During Riverside’s hold, ProSites transformed from a website designer into a company considered to be the industry’s leading comprehensive online marketing solutions provider....
By Mark Scott
October 29, 2019
Proper Rate Is New Joint Venture For Guaranteed Rate, @properties
The new company, which plans to launch early in 2020, intends to deliver a high-end, customer-focused retail mortgage lending experience and drive growth in select markets around the country....
By Mark Scott
