Extended Results
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Overview
- Extended Results is a privately-held provider of mobile business intelligence software and services based in Redmond, Washington
- The company makes business intelligence personal by presenting up-to-the-minute key performance indicators on virtually any mobile device
Situation
- Extended Results was founder-owned with no institutional capital and the founder desired a liquidation event
- Founder was a technically-oriented leader who valued a partner that could remove the administrative burden of operating the business, allowing him to focus on the software development
- A cash transaction was desired
Our Specialized Approach
- Cascadia ran a narrow strategics-only process targeting large public companies
- Cascadia garnered a strategic software revenue multiple valuation with 100% cash at close for a business that derived the bulk of its revenue from IT services; transaction closed in under five months
- Cascadia negotiated a large retention package for the founder, plus a favorable working capital position at close, representing incremental value to the shareholder of approximately 5% of the gross transaction value