MINNEAPOLIS, MINNESOTA (March 7, 2006): Cherry Tree is pleased to announce that 2ndWave Software has signed a definitive agreement to acquire Amcom Software, Inc. Privately-held Amcom is a provider of mission critical communications solutions for hundreds of the largest and most recognized hospitals, government organizations and corporations in the United States. Since the Company’s founding 24 years ago, Amcom’s solutions have become one of the largest providers of enabling communication solutions for doctors, nurses, military and others serving mission critical situations.
Multiple interested acquirers for Amcom were evaluated and reviewed to determine the best possible long term fit for the Company and the shareholders. With the management team’s impressive track record, 2ndWave was selected as the logical choice to continue on with Amcom’s proud legacy and reputation for innovative and reliable products, as well as the highest levels of customer service.
Jack Collins, Amcom’s Founder & CEO, stated, “The Amcom management team is excited by this opportunity. 2ndWave is committed to providing the necessary resources for us to continue outpacing industry growth rates, while developing technology for the future needs of our customers. 2ndWave will maintain the commitments to both our employees and customers for which built Amcom into a recognized industry leader.”
Chris Heim, Managing Director of 2ndWave, stated, “We see substantial opportunities for Amcom to continue its growth and we fully intend to support investment in all areas. We believe in the foundation of this Company and have made special binding commitments regarding the continuation of the Company’s employees here in Minnesota.”
Chuck Gorman, Managing Director of Cherry Tree Securities, commented, “The acquisition of Amcom Software provides 2ndWave Software, LLC with one of the leading players in the United States communications industry, with a strong opportunity to expand globally. The Company uniquely features key proprietary technologies with a talented management team and growing international market demand. We are eager to watch how these two companies will continue to grow and expand their global leadership position.”
Amcom Software, Inc. headquartered in Edina, MN, provides mission-critical communications technology solutions for organizations that depend on speed, accuracy, and productivity to support day-to-day business continuity and event-driven communications. Amcom’s open technology, standards-based technology solutions are used by more than 400 blue-chip companies in healthcare, education, finance, utilities and government agencies.
Amcom customers include Stanford University Medical Center, Emory University, Banner Health System, Cedars Sinai Medical Center, Memorial Sloan-Kettering Cancer Center, U.S. Department of the Army, Yale University, New York Presbyterian University Hospital, Vanderbilt University Medical Center, Yale New Haven Hospital, Duke University Medical Center, the U.S. Marines and the U.S. Navy.
Formed in early 2007, 2ndWave Software was created by Minneapolis-based technology veterans Chris Heim and Dan Mayleben. Formed in partnership with CIBC Capital Partners, the company targets stable small to mid-sized software companies with niche market leadership and room for operational improvement and growth. 2ndWave Software will assist management teams in growing the business while evaluating opportunities to combine complimentary software businesses. For more information go to www.2ndwavesoftware.com. (Cherry Tree does not maintain, endorse, or make any representations as to the content accuracy or quality of this website.)
ABOUT CHERRY TREE
Cherry Tree Securities (www.cherrytree.com) is a private investment banking firm providing sophisticated corporate advisory services to middle market businesses. The firm’s services include mergers and acquisitions, private placements of debt and equity, and valuations and fairness opinions. The firm operates from its headquarters in Minneapolis, MN.
If you would like more information about this transaction, contact Chuck Gorman,firstname.lastname@example.org, 952.893.9012.