The Riverside Company has acquired PracticeMojo as an add-on for its ProSites platform. No financial terms were disclosed. Freeport Financial Partners provided the loans for this deal. PracticeMojo is a provider of software for dental practices.
The Riverside Company has bolstered its ProSites platform with the addition of Eirene, Inc. (dba PracticeMojo), a provider of a cloud-based SaaS software for dental practices.
ProSites offers custom website design, search engine marketing, social media management, and pay-per-click solutions to over 14,000 dental, medical and professional practices.
PracticeMojo’s software allows for two-way HIPAA compliant and secure patient communication. Its services include automated text and email appointment reminders and confirmations, online reputation management, and electronic/print marketing services.
“Dental practices highly value the types of services PracticeMojo offers,” said Riverside Managing Partner Loren Schlachet. “Adding patient recall services to complement ProSites’ existing website and online marketing offerings enables dental practices to use a single platform to manage all of their patient outreach efforts.”
PracticeMojo is quick and affordable to install and use, and integrates with most practice management software, making it a compelling choice.
“PracticeMojo deepens ProSites’ existing capabilities and customer base in the dental market,” said Riverside Partner Alan Peyrat. “This addition also creates cross-selling opportunities that will benefit ProSites, PracticeMojo, and all the customers they serve.”
Riverside continues to strengthen ProSites’ position in professional service software, and is actively seeking add-ons. Riverside has deep experience with software companies, having completed more than 80 deals in the space.
Associate Jason Chang worked with Schlachet and Peyrat on the deal for Riverside. Principal Dan Haynes helped secure financing for the deal.
Freeport Financial Partners provided lending for this deal.
About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 450 transactions. The firm’s international portfolio includes more than 80 companies.