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Exclusive: Management software company EverCommerce explores sale -sources

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EverCommerce Inc , a private equity-backed management software vendor, is exploring a sale of the company after attracting acquisition interest, people familiar with the matter said on Friday.

, a private equity-backed management software vendor, is exploring a sale of the company after attracting acquisition interest, people familiar with the matter said on Friday.

EverCommerce shares jumped on the news and were trading up 15% at $13.27 on Friday morning in New York, giving the company a market value of $2.5 billion. PSG Equity and Silver Lake, which own 45% and 35% of EverCommerce respectively, have not decided whether they will be part of a potential deal and could decide to cash out should there be a transaction, the sources said.

PSG Equity and Silver Lake declined to comment, while EverCommerce and Centerview did not immediately respond to requests for comment.

 

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