The Riverside Company has added Houston-based Jacosoft to its Emergency Communications Network platform. ECN provides critical, time-sensitive communications and has a presence in all 50 states and Canada. Kirkland & Ellis advised Riverside on the deal, and Maranon Capital provided financing.
The Riverside Company has added Houston-based Jacosoft LLC (dba DeltAlert) to its Emergency Communications Network LLC (ECN) platform. ECN provides critical, time-sensitive communications and has a presence in all 50 states and Canada. DeltAlert provides similar services, with an emphasis on smaller municipalities and customer concentrations in Texas and North Carolina.
DeltAlert delivers messages to list or map-based groups through voice, text to speech, SMS text, and e-mail. The company’s customers will migrate to ECN’s CodeRED Basic product, which has a similar pricepoint and feature set to DeltAlert.
“We are building a truly exceptional company at ECN,” said Riverside Partner Chris Jones. “DeltAlert has a strong customer base whose needs will be nicely met by ECN’s greater capabilities and broader offerings.”
The acquisition of DeltAlert is the third addition to ECN in the last year, following the successful add-ons of One Call Now (government clients) and CityWatch.
Riverside is continuing to seek similar providers for acquisition opportunities as the firm solidifies ECN’s leadership position in the mass notification space. In 2012, ECN launched more than 100 million calls supplemented by notifications through its free app, CodeRED Mobile Alert.
Working with Jones on the transaction for Riverside were Operating Partner George Benson, Vice President Martha Sciaraffo, Senior Associate Brad Roberts, Associate Max Moehlmann and Operating Executive Tom Snyder. Regional Director, Origination Jeremy Holland sourced the deal for Riverside.
Kirkland & Ellis advised Riverside on the deal, and Maranon Capital provided financing.
Take your pick!
- Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
- VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.