NEWS

9.4.2020

Presser & Co now uses Modano

Modular, robust and scalable 3-way* excel financial models

 

Presser & Co for all new advisory assignments, has adopted Modano’s modular, high quality and scalable financial modelling tools.

 

Modano is a best practice Microsoft Excel spreadsheet modelling add-in framework suitable for all business types.

 

We expect that Modano will increase our speed of model construction and provide more in-depth financial disclosure to financial practitioners and analysts across our deal campaigns.

 

Contact us now to know more.

 

 

For more information on Mondano, click here.

 

* 3-way financial model integrates profit and loss, balance sheet and cashflow statements suitable for discounted cashflow valuation, capital structure modelling and carve-out modelling

3.4.2020

 

Novatti Group Ltd (ASX:NOV) acquires Australian subscription billing software vendor Emersion Software Systems Pty Ltd

 

Specialist global digital transformation and monetisation software M&A advisor Presser & Co act as buyside advisor to Novatti (ASX:NOV) on their purchase of Australian subscription billing software vendor Emersion Software Systems Pty Ltd (Emerson), April 2020.

 

The Transaction

The business services team of Presser & Co, led by founder and managing director Trevor Presser provided advice to Novatti Group Ltd (Novatti) on its purchase of subscription billing software vendor Emersion Software Systems Pty Ltd (Emerson).
 

Managing  Director of  Novatti,  Peter  Cook  noted, “Despite  challenges  within  the  global economy,  Novatti is  steadfast  in  its plan  to create  long-term  value for  its  shareholders by delivering   on   its   growth-focused   strategy. The   acquisition   of   Emersion does   this   by strengthening Novatti’s existing capabilities to digitise payment and subscriber management services, while also expanding its recurring revenue and loyal customer base.”

 

Emersion's Founder and CEO Paul Dundas commented, “Emersion helps businesses engage with their customers, integrate systems and automate business processes including signup, ordering / provisioning, billing, rating usage all with embedded payment.”

 

Presser & Co founder Trevor Presser noted “with a pandemic rapidly redefining our world, devising and building a digital business model and successfully taking it to market is now mandatory not only for managed services providers, utilities, telcos and banks, but for all industries and sectors. Emersion’s product-line is designed and built as a cloud native application, leveraging Amazon Web Services microservice architecture and integrating, in the cloud, with popular cloud services providers such as Salesforce.com in CRM and Xero in accounting.


Presser & Co acted as the buy-side advisor to Novatti. Financial details of the deal can be found here.

About Novatti Group Limited (ASX:NOV)

Novatti is a leading digital banking and payments company. Through innovative technology, Novatti positions its customers to thrive in the growing cashless economy. Novatti’s transaction processing services include Flexepin, an open-loop cash voucher service, Flexewallet for remittance and compliance services, Chinapayments.com for bill payment services and Vasco Pay for the issue of reloadable Visa cards.

 

About Emersion Software Systems Pty Ltd

Emersion is a leading provider of Customer Engagement, Payment, Provisioning and Subscription Billing solutions to managed services providers (MSP's), independent software vendors (ISV's), system integrators (SI’s), utilities and telcos in Australasia. Emersion helps businesses engage with their customers, integrate systems and automate business processes including signup, ordering / provisioning, billing, rating usage and ultimately collect payment. Emersion integrates diverse business systems including CRM’s, professional services automation (PSA) and configure, price, quote (CPQ) tools, accounting, payment gateways, suppliers, vendors and internal systems.

 
The Advisors

Novatti shareholders were advised in the transaction by Trevor Presser, Franz Kiel and Karla Ridgwell from Presser & Co, a global digital transformation and monetisation software M&A boutique, based in Melbourne, Australia.

 

The Presser & Co private advisory buy-side practice is focused on ways to enhance our client’s growth and value. With un-paralleled knowledge of the global digital transformation and monetisation software vendor community, who serve energy, telecommunications, financial services and managed services provider markets, and un-rivalled c-suite access, Presser & Co’s buyside services, including M&A strategy, identifying unique parenting advantage skills, first-time dealflow identification and approach, early negotiation, due diligence and closure services, can help our help clients mitigate potential risks and achieve their strategic objectives.

11.11.2019

Silvertree Equity acquires Agility CIS Ltd

 

Presser & Co the global specialists in corporate finance advisory to owners of software companies serving the energy, telecommunications and water billing sectors, are pleased to announce the sale of Auckland-based Agility CIS Ltd(“Agility”) to London-based private equity firm SilverTree Equityand Auckland-based Pioneer Capital.

 

The Transaction


Presser & Co were appointed by the Agility shareholders to conduct an international campaign to target strategic buyers and private equity firms with a track record of familiarity and ownership of energy billing assets. Presser & Co leveraged its network of relationships established over many years in this market segment.

SilverTree Equity, a London-based private equity investment firm specialising in software, acquired Agility, a leading provider of utility customer information and billing system solutions to energy retailers, from Agility’s founders. Financial details of the deal were not disclosed.

 
The Company


Agility was founded in 1998 and is a market leading utility customer information and billing systems software provider for energy retailers in Australia, New Zealand, the Middle East, and the United States. Agility is the market leader in Australia by number of utilities and is supported by over 175 staff. Agility’s software provides energy retailers and new market entrants with a leading end-to-end solution to operate in the energy sector.

For more information, visit www.agilitycis.com

 

The Advisors


Agility shareholders were advised in the transaction by Trevor Presser, Franz Kiel and Karla Ridgwell from Presser & Co, a global energy billing and customer care M&A boutique, Melbourne, Australia.

Partner Ash Hill and Tom Corkill from Auckland based legal firm WynnWilliamsand partner Tim Zonneveld and Yavnik Solanki from BDO New Zealand advised Agility shareholders on legal and financial matters respectively.

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