EverCommerce, the parent company of alarm industry firms SIS and Bold Group, is exploring a sale after acquisition interest emerged recently, according to a published report.
Reuters reported that EverCommerce is working with investment bank Centerview Partners to explore its options, according to anonymous sources.
The sources told Reuters EverCommerce’s board has formed a special committee of independent directors to handle the process and possibly allow its two top shareholders – PSG Equipty and Silver Lake – to participate in a proposed transaction.
EverCommerce and Centerview did not respond to requests for comment from Reuters and PSG Equity and Silver Lake declined to comment.
Bold Group provides alarm monitoring and financial management technology, including through the Manitou, stages and SIMS systems – complemented by SedonaOffice and AlarmBiller accounting and business management systems. Bold Group was established in March, 2019 with the operational merger of Perennial Software, Bold Technologies, SIMS and Secure Global Solutions (SGS).
Security Information Systems (SIS) provides alarm integration and monitoring software for the security industry though its Alarm Center system. SIS’s products interface with more than 100 third-party systems while monitoring and automating responses to millions of alarms. The company services more than 5,000 companies worldwide.
EverCommerce provides management software tools and services to companies, including in the healthcare and fitness sectors. It currently serves over 685,000 small and medium-sized businesses, according to its website.
Reuters reported EverCommerce has lost a third of its value since PSG Equity and Silver Lake listed it on the stock market in July 2021, amid growing competition and concerns about the impact of a potential economic slowdown.
