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Behind the deal: Two Orlando biz owners share thoughts on being acquired and landing equity
SOURCE: Orlando Business Journal
By Matthew Richardson – Staff writer, Orlando Business Journal
Orlando Business Journal zeroed in on two M&A deals in Central Florida, talking to the top local executives to get insights on what led to the decision to sell their companies — or a majority stake in it — and more:
Josh Brown, founder and CEO, PowerDMS
What led to the decision to form a partnership with Frontier Capital? We were about three years into our investment with Ballast Point Ventures and we saw a lot of growth through that investment. We were aware of the market opportunity for software and services companies. We serve a very niche customer base, like law enforcement. The knowledge of the growth and being well-connected to the opportunity that was in front of us in terms of the market as it was scaling helped us know it was the right time.
