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New Deal


Announced

Completed

Morgan Stanley Expansion Capital led a $25m Series B round in Openprise.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

software development

Acquisition

Completed

Software

Domestic

Minority

Private

Single Bidder

United States

Private Equity

Synopsis

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Morgan Stanley Expansion Capital, a private equity firm, led a $25m Series B round in Openprise, a revenue operations data automation company. “At Openprise, we are solving today’s challenges by focusing on the most fundamental yet overlooked problems for RevOps teams: poor data quality, too many silos, and unusable formats. Data is at the core of what we do because it’s the key enabler of every GTM initiative. Many companies are exploring artificial intelligence (AI) under the RevOps framework. Because AI is the ultimate data-driven application, Openprise is leading the industry to unlock the value of data with the industry’s next-generation cloud platform for RevOps," Ed King, Openprise Founder and CEO.

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