Cascadia Advises Concord Technologies in Acquisition of Biscom, Inc.

Biscom, a portfolio company of Parker Gale Logo has been acquired by Concord Technologies, a portfolio company of Excellere Partners Logo

Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Concord Technologies (“Concord”), a leading provider of secure document exchange and workflow automation solutions, in its acquisition of Biscom, Inc. (“Biscom”), a provider of on-premises enterprise fax and secure file transfer solutions. Cascadia previously advised Concord on the sale of a minority interest to Excellere Partners in January 2019.

Concord Technologies is a provider of cloud-based fax, intelligent document automation and workflow solutions to healthcare providers and payers. For more than 20 years, billions of sensitive records containing valuable patient information have been accurately and securely sent and received using Concord’s Cloud Fax suite of solutions. The company is also recognized for its leadership position of creating artificial intelligence technologies and industry-leading applications that help its customers grow and manage their business.

Biscom has been at the forefront of advancing secure data exchanges for mission-critical information for more than three and a half decades. The company prides itself on helping customers architect enterprise communication infrastructures that alleviate real world challenges no matter the organization technology stack or regulation requirements. Cloud-based, on premises, or hybrid, Biscom’s flexible digital fax, secure messaging, and workflow automation solutions work together with existing systems to prevent organizational bottlenecks that impact productivity and profitability.

Together, these organizations serve over 4,500 customers and process over 4 billion pages of protected information every year, creating a new industry powerhouse and the largest provider offering secure document exchange and workflow automation solutions across on-premises, hybrid, and cloud fax architectures, alongside a suite of complementary interoperability, data extraction, and workflow tools.

“Both Concord and Biscom have proven records of innovation, impressive industry reputations and unwavering dedication to customers,” said Chris Moore, Founder and CEO of Concord Technologies. “We are committed to building on this strong foundation to help solve the industry’s most critical challenges in exchanging, accessing, and integrating protected data. Our goal is to give customers added peace of mind that they are working with a partner that can solve their technology challenges now and provide innovative solutions well into the future.”

“The addition of Biscom to the Concord platform further establishes Concord as a leader in healthcare interoperability and automation,” said Kevin Cable, Cascadia Managing Director. “This is an exceptional outcome for a great client, and our firm is proud to have represented Concord through their continued growth.”

“It was great to work with and continue to build a relationship with Kevin Cable and the Cascadia team,” added Moore. “Cascadia played a vital role in helping to lead and negotiate a successful transaction.”
Related Transactions

Related Transactions

This acquisition represents another successful transaction for Cascadia’s Healthcare group. Past transactions include:

MedQIA Logo has merged with WorldCare Clinical Logo to form Voiant Logo
Retina Consultants of Southern Colorado  Logo has been acquired by Retina Consultants of America Logo a portfolio company of Webster Equity Partners Logo
Inspirata Digital Pathology Business Logo has been acquired by Fujifilm Logo
Premier Biotech Logo has been recapitalized by Align Capital Partners Logo
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