Announced
Completed
Financials
Sources
Tags
Acquisition
United States
Majority
Completed
Software
Friendly
Private Equity
mobile workflow
Single Bidder
Private
Domestic
Synopsis
Diversis Capital, a Los Angeles-based private equity fund, completed the acquisition of WorldAPP, a provider of enterprise-grade mobile workflow and data capture technology, from Bay Capital, a private investment group. Financial terms were not disclosed. "At Diversis, our mission is to invest in companies that are customer-focused with the ability to accelerate growth and tap into new markets. WorldAPP checks all of those boxes and much more. Their caliber of customers, award-winning technology, and extensive market opportunity put them in a prime position for continued growth. Our role will be to help them refine the strategy, drive further innovation, and ensure resources are in place for long-term customer success," Kevin Ma, Diversis Managing Partner.
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