EPiServer, which is backed by IK Investment Partners, has acquired Mediachase. Financial terms weren’t disclosed. Los Angeles-based Mediachase designs and builds software for companies looking to streamline internal and external business activities. News of the deal was announced by Marcum Cronus Partners, which provided financial advice to Mediachase.
Marcum Cronus Partners LLC (Marcum Cronus) is pleased to announce it acted as the exclusive financial advisor to Mediachase in the sale of the e-commerce solution provider’s business to EPiServer, an innovator in multichannel digital marketing and e-commerce software. Enabling EPiServer to expand its coverage in the U.S. market, the transaction combines Mediachase’s easy-to-use e-commerce framework with EPiServer’s existing digital marketing capabilities, creating an international provider offering solutions in next generation cross-channel digital and e-commerce. EPiServer began its relationship with Mediachase in 2009.
“Bringing Mediachase’s dynamic solution into the EPiServer suite allows for a seamless transition, as Mediachase’s commerce engine merges tightly with the EPiServer platform,” stated Martin Henricson, Chief Executive Officer of EPiServer.
Alan Canzano, Managing Director of Marcum Cronus, added, “This transaction enables EPiServer to provide its partners a powerful e-commerce vehicle that offers a terrific online customer experience coordinated with in-store activities and the consumer’s social network.”
Mediachase designs, integrates, and builds innovative software solutions and tools for companies needing to streamline internal and external business activities. Founded in 1997, Mediachase is headquartered in Los Angeles, California, with offices in Washington, D.C.
A leading supplier of solutions that enable true Web engagement and drive business results for end customers, EPiServer offers a technology platform that is used by 3,500 customers worldwide. EPiServer CMS is the foundation for more than 20,000 websites. Founded in 1994, EPiServer delivers its platform through an extensive network of over 500 partner companies in some 30 countries, including the United States, Sweden, Denmark, Norway, Finland, the Netherlands, South Africa, Australia and the United Kingdom. EPiServer is a portfolio company of IK Investment Partners, a European private equity firm with Nordic roots that manages €5.7 billion in fund commitments.
About Marcum Cronus Partners
Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Marcum Cronus Partners is an investment banking firm that provides financial advisory and investment banking services. The clients of the firm are publicly traded or privately owned companies that engage in middle-market transactions domestically or internationally. Marcum Cronus services are distinguished by a disciplined evaluation of client objectives and competencies and a commitment to the successful execution of strategic corporate transactions. A member of the Marcum Group, the firm is an affiliate of Marcum LLP, one of the largest independent public accounting and advisory services firms in the U.S. (with 23 offices and more than 1,100 professionals). To learn more, please visit www.MarcumCronus.com.