Alantra Advises Rev.io on its Investment by Primus Capital
SAN FRANCISCO – Alantra, a leading global investment bank and asset management firm, is pleased to announce it has advised Rev.io, LLC, a cloud-based billing, customer management and payments software platform, on its significant growth equity investment from Primus Capital (“Primus”), a growth-oriented private equity firm focused on technology-enabled companies. Alantra acted as exclusive financial advisor to Rev.io on this transaction.
Headquartered in Atlanta, GA, Rev.io offers scalable, subscription-based billing software and back-office solutions for communications, Internet of Things (“IoT”), managed service, and other technology providers. Rev.io has been a cloud-based, Software-as-a-Service (“SaaS”) provider since inception and its feature-rich proprietary platform simplifies and improves billing, back-office, and payments operations by consolidating the services of multiple vendors into one, centralized solution.
“We are thrilled to advise on the investment in such an innovative company and we wish the Rev.io management team continued success and growth with their new partner, Primus,” said Renee Shaening, Managing Director, Alantra.
“Rev.io was one of the first mandates we won after launching banking coverage of the Billing and Payments SaaS vertical last year, and we anticipate this to be an active part of our M&A practice going forward,” said Michael Lenoce, Managing Director, Alantra. “SaaS billing management software providers, such as Rev.io, will continue to benefit from broad adoption of Unified Communication-as-a-Service (“UCaaS”) and other Cloud solutions that have more complex consumption based billing requirements that legacy telecom billing systems have struggled to support,” he concluded.
The Alantra team advising Rev.io on the sale included Ms. Shaening (San Francisco), Mr. Lenoce (New York), and Joe Nau (Associate, Boston).
“Our decision to pursue a growth equity investment for Rev.io was one of the most important in our company’s history, and we knew we needed a partner that was fully aligned with our company,” said Rev.io CEO Brent Maropis. “We decided to partner with Alantra because of their skilled team, their alignment with our shared values, and their commitment to a long-term relationship with Rev.io. Throughout the process, Michael, Renee, and Joe diligently sought out potential investors that would support our growth while also complementing our deeply-held culture. The Alantra team’s unique style and tenacity separated them from all other investment banks we considered. We had several high-quality investment firms to choose from, and believe we found the perfect fit with Primus. We could not be more pleased with the outcome of this investment.”
Rev.io provides sophisticated billing-as-a-service (BaaS) to communications companies, IoT companies, and technology service providers. Rev.io enables clients managing sophisticated subscription billing models with the industry’s most complete quote-to-cash financial processing experience to effectively manage end customers’ subscriptions, usage, taxation, billing, and payment processing. For more information, visit www.rev.io.
About Primus Capital
Primus Capital is a growth-oriented private equity firm that invests in leading software, technology-enabled services, and healthcare companies. Primus is currently managing Primus Capital Fund VIII, building on a long history of successful investing. Primus has invested in over 130 companies, partnering with exceptional management teams to accelerate growth and create shareholder value by applying our industry knowledge, financial resources, and investment experience. For more about Primus, visit www.primuscapital.com.
Rev.io Media Contact:
VP of Marketing
Jun 2022Global Coordinator and BookrunnerValue €7 millionJun 2022SECTOR Technology; Real EstateService Equity Capital MarketsValue €7 million
Jun 2022Sell-side advisoryJun 2022SECTOR TechnologyService M&A
Jun 2022Global CoordinatorJun 2022SECTOR TechnologyService Equity Capital Markets
May 2022Sell-side advisoryMay 2022SECTOR TechnologyService M&A