HRC adds VP to Bolster Buy-Side and Execution in Tech Verticals
Los Angeles, CA (February 14, 2019) – Harbor Ridge Capital (HRC), a leading technology-focused M&A advisory group has added Cameron O’Leary to serve as Vice President, expanding the firm’s Buy-side Advisory and execution efforts across new and existing technology sub verticals.
Cameron was previously an investment professional with Brook Venture Partners, a Boston-based, technology-focused investment firm. Cameron oversaw both new platform and add-on acquisition transactions, from investment thesis ideation, through to origination and execution. He has originated and completed deals in Managed IT Services, Healthcare IT and Marketing Technology, including having raised complex financing as part of the processes. Cameron was instrumental in the identification and completion of numerous investments including Cole Information, Medicus IT, LearnWell
Cyrus Maghami, Founder and Managing Director of Harbor Ridge Capital mentioned, “I’m thrilled to be adding Cameron to the team and see him as an instrumental addition, allowing us to better serve clients, expand our domain expertise, and further differentiate, by increasing our technology mindshare and buy-side/private equity experience. This provides clients a unique strategic approach, especially as it relates to company positioning to maximize value.”
Cameron earned a BA in Economics from University of Colorado and is currently in pursuit of his Master of Liberal Arts (ALM) degree, with a concentration in Finance, from Harvard University.
Outside of the office, Cameron is an avid skier who also enjoys golfing and surfing.
Harbor Ridge Capital
Los Angeles, CA
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HRC Advises Sales Enablement SaaS Provider MTC Performance on its acquisition by 360insights
WHITBY, ON. and Los Angeles, CA (January 7, 2019) – Harbor Ridge Capital (HRC), a leading technology-focused M&A advisory group led by Cyrus Maghami, with deep expertise in the cloud software and tech-enabled services space, has advised MTC Performance, on its sale to 360insights.
MTC is a leading channel incentive SaaS provider for some of the world’s foremost technology companies including Ingram Micro, Samsung, Xerox, and Epson. MTC’s solutions focus on sales transactions, the end of the channel value chain, gathering rich data on who bought what, when, why and from whom. The MTC acquisition adds over 50 new enterprise clients to 360insights’ client roster of over 150 global brands.
Large enterprises customers, who go to market through complex distribution, used the 360insights’ Channel Success Platform to manage over $2 billion in incentive claims in 2018. The platform is designed for incentive optimization through decision grade program visibility of spending and performance leading to better,
“Customers on both sides of this transaction will benefit,” said Jason Atkins, founder
MTC President and CEO, George Kriza added: “We have long admired how 360insights does business, and our entire team is thrilled to see our technology moving into new verticals and servicing even more enterprise clients.”
With this acquisition 360insights gains a key location in Chicago increasing a global footprint that includes offices in Toronto, the San Francisco Bay Area, Chicago, Detroit, and London. MTC’s team members will join over 400 360insights’ employees to form one of the strongest teams in the industry. The operating teams of both companies are working together on the integration of MTC Performance into 360insights.
Harbor Ridge Capital, led by Cyrus Maghami, with securities offered through Fallbrook Capital Securities Corp., was the exclusive M&A
Harbor Ridge Capital
Los Angeles, CA
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Harbor Ridge Capital Completes 3rd Cloud Services
Acquisition of 2017 at Above Market Valuation
Advising BlackMesh in its Sale to Contegix
LOS ANGELES (June 13, 2017) – Harbor Ridge Capital (HRC), a leading technology-focused M&A advisory group, with deep expertise in the cloud and tech enabled services space, has advised BlackMesh on its sale to Contegix. This marks the third cloud service acquisition of the year for HRC, and again resulted in very happy clients and sellers, as HRC was able to secure an above market valuation, with an advantageous acquisition structure. The other two transactions this year include an acquisition of AWS DevOps partner Stelligent by Hosting.com, and a sale of Cloud9 Realtime to Abacus Data Systems. Securities for the transaction were offered through Fallbrook Capital Securities Corp. The terms of the transaction were not disclosed.
“Having known Eric and Jason since 2011, I’ve had the privilege to see the Company progress over the years, and develop a relationship with a great set of managers,” said Cyrus Maghami, Managing Director of Harbor Ridge Capital. “We were aligned throughout our discussion regarding personal motivations, the key value drivers, and timing of when to maximize value for the shareholders. I am grateful for having spear headed this engagement, and thrilled for the owners regarding the results of the transaction.”
“Without Cyrus and HRC, the transaction that BlackMesh went through would not have been possible,” said Jason Ford, co-founder and CTO. “Every step of the way, Cyrus was engaged, proactive, and became part of the team.”
BlackMesh, founded in 2003, has in-depth expertise supporting and managing Drupal and other complex open-source web content management platform technologies including Magento and WordPress. BlackMesh manages the application down to the infrastructure layer, offering end-to-end managed hosting. These solutions empower customers to retain complete control over their application environments, while dramatically reducing the time and costs associated with in-house administration. The company delivers high-touch, cloud-based solutions for organizations of all sizes including government agencies, nonprofits, development groups and large corporations. BlackMesh is headquartered in Ashburn, Virginia and hosts and manages its customers from three SSAE-16 SOC 2 certified datacenters.
Contegix, is a leading application management services provider backed by private equity firm Strattam Capital. The combined Company now serves more than 1,200 customers in both the public and private sectors.
“The addition of BlackMesh is a significant leap forward for Contegix and our customers,” said David Turner, CEO of Contegix. “BlackMesh’s advanced web content management capabilities, coupled with their federal security and compliance certifications, align very well with our existing portfolio of application management services designed for the DevOps community. At the same time, our shared commitment to ‘white glove’ service will ensure that we continue to go beyond for our clients.”
Jason Ford, CTO and co-founder of BlackMesh, will assume the role of CTO and CISO of Contegix and will help lead the integration.
“Together, Contegix and BlackMesh will enhance both companies’ ability to serve clients in a secure, efficient, and scalable fashion,” said Ford. “We are very excited to join the Contegix team and to continue to provide high-touch service and support to our customers while expanding the services we offer.”
About Harbor Ridge Capital
Harbor Ridge Capital is a leading, technology-focused M&A advisory group focused on the lower middle market, with a deep expertise in cloud and tech enabled service companies. HRC advises on sell-side, buy-side and raising institutional capital, putting the client’s objectives and expectations first, translating to superior results. In working with HRC, entrepreneurs can be assured their companies will be optimally positioned, properly exposed to the right strategic investors and buyers, and allowed for the highest probability of a close. To learn more, visit www.harborridgecap.com
BlackMesh is a leading managed service provider, delivering secure, compliant, and scalable application hosting platforms and cloud-based solutions to businesses of all sizes. Providing innovative solutions, BlackMesh system administrators are experienced at scaling web to a multi-tier high availability architecture. Combining high-performance technologies with unlimited support, BlackMesh provides customers the tools they need to lower costs and accelerate growth. To learn more, visit www.blackmesh.com.
Contegix® provides application management serving the DevOps community as well as a suite of cloud and managed services to enterprise customers. Contegix is the global leader in Atlassian hosting, and has deep expertise in the applications most used by the DevOps community. By providing infrastructure, deep expertise, and talent we allow businesses and their developers to focus on company innovation and growth. Contegix operates state-of-the-art N+1 data centers located in St. Louis and Kansas City, Missouri; Reading and Bethlehem, Pennsylvania; Dallas, Texas; and Amsterdam. To learn more, visit www.contegix.com.
About Strattam Capital
Strattam Capital is a private equity firm that takes an innovative and focused approach to investing in high-potential companies within the business information technology market. Our entrepreneurial-minded team applies our operational engagement strategy to deliver a better future for our companies. To learn more, visit www.strattam.com.
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