Lumine Group acquires Neural Technologies
Highly attractive, last remaining independent vendor: Neural Technologies, a UK founded but Singapore managed enterprise software business serving the telecommunications and banking and finance sectors, is one of the last remaining independent private vendors in the telecoms revenue assurance and telecoms fraud (RAF) sector.
Deal execution: Neural shareholders approached Presser & Co to undertake a highly-competitive sales process that resulted in the selection of Lumine as the party that offered a great long-term home for the business.
Compelling product set: Neural’s Optimus RAF suite, combined with its standalone mediation tools and its recently launched charging-in-the cloud solution, will complement Lumine’s global tier 1 ecosystem of telecoms software, which also included the recent acquisition of Martin Dawes Systems in the UK.
Neural Technologies Ltd a provider of modular revenue protection, signaling, machine learning and artificial intelligence software for telecom operators. Its revenue assurance suite includes capabilities for fraud management, revenue assurance, credit-risk management, business assurance, and anti-money laundering. Its machine learning and artificial capabilities assist telecom operators with data integration and customer engagement.
Lumine Group (TXU:CSU)is a leading global acquirer of communications & media software businesses. Lumine empowers businesses to grow by providing an ecosystem with access to a network of global, like-minded professionals, customers, and partners. Lumine Group is a division within Volaris Group, a subsidiary of Constellation Software-Inc. (TSX:CSU) www.luminegroup.com.
Presser & Co’s Trevor Presser, Franz Kiel and Karla Ridgwell provided Neural shareholders with M&A advice on the transaction and Solomon Brothers partner Michelle Hawksley provided legal advice.
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 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.
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.
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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.
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.
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.
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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.