FOR IMMEDIATE RELEASE
June 9, 2020
Transact Capital Advises Mapcom Systems on its Sale to Battery Ventures
RICHMOND, Va. – Transact Capital Partners, a full-service mergers and acquisitions advisory firm, is pleased to announce that Mapcom Systems has been acquired by VertiGIS, a portfolio company of Battery Ventures. Managing Director Jonathan Brabrand led the transaction for Transact Capital. Terms of the transaction were not disclosed.
Located in Midlothian, VA, Mapcom Systems is the developer of the M4 Solutions Suite and Pinpoint811, applications empowering communication service providers to combine data, automation, and fiber management tools to create a complete view of their network that fosters efficiency and growth. Mapcom Systems partners with communication providers around the world, but primarily those in rural America.
Mapcom Systems will become the first U.S.-based operation for VertiGIS, which was formed in 2017 by Battery Ventures to create an international provider of GIS and location software solutions. VertiGIS comprises the following companies in addition to Mapcom: AED-SICAD, with offices across Germany; VertiGIS North America (formerly Latitude Geographics), based in Victoria, Canada; Geocom Group, with its main offices in Switzerland and Germany; and VertiGIS GmbH, comprising the former Dynamic Design Group – with key offices in Austria, Switzerland and Australia – and the former SynerGIS, with its main offices in Innsbruck and Vienna, Austria.
As a second-generation company owned and operated by the Granger family, Mapcom exemplifies Transact Capital’s commitment to representing first-time sellers of family-held businesses. Co-owner and CEO Collin Granger notes, “We are thrilled with this outcome, and we could not have done this without Jonathan Brabrand and Transact. Jonathan expertly navigated us through the experience of selling our family business and proved early and often that he was the right trusted advisor for this transaction. We feel confident that we’ve found the right home for Mapcom with VertiGIS.”
About VertiGIS
VertiGIS helps organizations all over the world and across multiple industries harness the power of GIS and location intelligence with its proprietary software solutions. Focused on vertical GIS applications for industries including public sector, utilities, and telecommunications, VertiGIS leverages technology from Esri, the global leader in location intelligence, whose ArcGIS® platform is the world’s most powerful mapping and spatial analytics software.
About Transact Capital Partners
Transact Capital Partners is a full-service mergers and acquisitions advisory, business brokerage and valuation firm headquartered in Richmond, VA, with offices throughout the Midwest and Southeast. The firm’s strong network of relationships with private investors, senior lenders, private equity firms, and professional advisors offers a significant advantage in representing business owners. Transact Capital offers an experienced and motivated team of 17 professionals dedicated to helping business owners identify and achieve their vision for the potential future of their company.
Securities and investment banking transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please contact Jonathan Brabrand at 804-612-7114 (Jonathan@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.
