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New Deal


Announced

Warburg Pincus-backed NEOGOV to merge with PowerDMS.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Majority

Acquisition

Friendly

Software

Pending

Merger

compliance software

Private Equity

Single Bidder

Domestic

Private

Disposal

Synopsis

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Warburg Pincus-backed NEOGOV, a provider of public sector human resources software, agreed to merge with PowerDMS, a cloud-based compliance software provider. Financial terms were not disclosed. "Delivering transformative Cloud-based solutions that automate and scale complex processes needed to run local government is at the heart of what both companies do well. By expanding its offering to include the products of PowerDMS, NEOGOV is well-positioned to continue our success and further increase a combined footprint in the public sector," David DiGiacomo, PowerDMS CEO.

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