News Formal

Exclusive: Management software company EverCommerce explores sale -sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Lender Maple Finance Opens U.S. Treasury Bill Pool for Cash ManagementMaple’s new lending pool offers accredited investors, crypto firms and DAO treasuries a way to earn yield on their idle stablecoins by investing in one-month U.S. Treasury bills.
Source: CoinDesk - 🏆 291. / 63 Read more »