LOS ANGELES, CA – January 16, 2018 – OpenGate Capital, a global private equity firm, announced today that it has acquired Mersive Technologies Inc. (“Mersive”), a leading provider of wireless collaboration software, from shareholders of the business. Terms of the transaction were not disclosed.
Headquartered in Denver, Colorado, Mersive launched its suite of wireless collaboration solutions in 2013, transforming ordinary meeting and learning spaces by enabling multiple users to share content collaboratively from laptops and mobile devices to in-room displays – securely and with the best-in-class user interface. Mersive Solstice improves collaboration and productivity by putting content at the center of the meeting experience.
Andrew Nikou, founder and CEO of OpenGate Capital stated, “OpenGate Capital has successfully invested in technology businesses acquired from KPN, Philips and Damovo going back to 2006. Since realizing our last technology investment in Getronics in late 2016, we have made specific investments in our business development team and sourcing processes to find another tech-related opportunity. Mersive is an exciting investment considering the global and transformative nature of its software solutions in an otherwise hardware-dominated market and its continued triple-digit, year-over-year growth rate with new and existing customers.”
Commenting on the acquisition, Rob Balgley, CEO of Mersive stated, “Mersive is a driving force in changing the way industry-leading organizations work and learn. The acquisition of Mersive by OpenGate Capital will provide access to the growth capital and operational expertise we need to scale the company and achieve its full potential.”
The acquisition follows four years of exponential growth for Mersive driven by customer demand for software-based solutions that are easy to deploy and affordable for both traditional meeting rooms and huddle spaces. Mersive represents the seventh acquisition through OpenGate Capital’s first institutional fund following the firm’s previous acquisitions of Power Partners, Energi Fenestration Solutions, Bois & Matériaux, Alfatherm, EverZinc, and Hufcor.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation, and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions including corporate carve-outs, management buy-outs, special situations and transactions with private sellers across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.
About Mersive
Mersive delivers innovative software-based products that leverage commodity hardware and existing enterprise network infrastructure. With approximately 4000 corporate and higher education customers and 30 of the Fortune 100 companies, Mersive is changing how industry leaders worldwide work and learn. Mersive is the outgrowth of academic research conducted by Mersive CTO and Founder Christopher Jaynes, Ph.D. with funding sources that include U.S. intelligence agencies and the national security community. Mersive is led by Rob Balgley, former CEO of Jabber, who joined Mersive in 2010. The company is based in Denver, Colorado. For more information please visit mersive.com.
For more information, please contact:
OpenGate Media Contacts
Alanna Chaffin
Email: achaffin@opengatecapital.com
Telephone: +1 (310) 432-7000
Mike Sitrick
Sitrick & Company
Email: Mike_Sitrick@sitrick.com
Telephone: (310) 788-2850
OpenGate Business Development Contact
Joshua Adams
Email: jadams@opengatecapital.com
Telephone: +1 (310) 432-7000
