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OceanSound Partners acquires Message Broadcast in partnership with EIP

Apr 11, 2024•over 1 year ago

Acquiring Company

OceanSound Partners

Acquired Company

Message Broadcast

New YorkNew YorkNewport BeachAngel InvestmentFinanceVenture CapitalTelecommunicationsSoftware

Description

OceanSound Partners, in partnership with EIP, has acquired Message Broadcast, a leading provider of customer engagement software for the electric utility industry. The acquisition aims to bolster product innovation, increase investment in sales and support resources, and deliver enhanced value to customers. Additionally, Maulik Datanwala has joined Message Broadcast as its Chief Executive Officer to lead these efforts.

Company Information

Company

OceanSound Partners

Location

320 PARK AVENUE, 8TH FLOOR

New York, New York, United States

About

OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth.

Company

Energy Impact Partners

Location

New York, New York, United States

About

Energy Impact Partners LP (EIP) is a global investment firm leading the transition to a sustainable future. EIP brings together entrepreneurs and some of the world's most forward-looking energy and industrial companies to advance innovation. With over $4 billion in assets under management, EIP invests globally across venture, growth and credit – and has a team of over 90 professionals based in its offices in New York, San Francisco, Washington D.C., Atlanta, Palm Beach, London, Cologne, Oslo and Singapore.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed