B.I.G Capital LLC acquired Help Desk Technology Corp., expanding its portfolio into healthcare and retail verticals.

AcquirerB.I.G Capital (US)
TargetHelp Desk Technology (CA)
Deal typeAcquisition
Stake acquired100.0%
Close dateSeptember 27, 2016
SectorTechnology

B.I.G Capital LLC has acquired Help Desk Technology Corp., a provider of service desk and workflow management software for businesses. The deal is aimed at aligning with B.I.G Capital's investment objectives, which focus on niche software solutions.

Deal Mechanics

The acquisition was completed on September 27, 2016, bringing Help Desk Technology’s service desk and workflow management systems under the control of B.I.G Capital. Financial details were not disclosed.

Strategic Rationale

Gaylord Bodet, a Partner at B.I.G Capital, highlighted that HDTC's software solutions complement B.I.G Capital's portfolio and offer strong growth opportunities in healthcare and retail sectors. The integration of HDTC’s products with B.I.G Capital’s operational expertise is expected to drive rapid innovation and business growth.

Financial Context

B.I.G Capital, a Florida-based private investment firm focused on the software sector, invests in established companies with niche solutions. The acquisition of HDTC aligns well with B.I.G Capital's focus on long-term sustainable growth for its portfolio companies.

Advisors

The financial and legal advisors involved in the transaction were not disclosed.