Ponte Vedra, FL and Cambridge, MA – November 29, 2011 – Harbor View Advisors is pleased to announce that Advent Software’s acquisition of Black Diamond Performance Reporting has been selected as a finalist in three categories for the 10th Annual M&A Advisor Awards. The Advent/Black Diamond transaction was named as a finalist for Lower-Middle Market Transaction of the Year, Information Technology Sector Transaction of the Year, and Financial Services Sector Transaction of the Year.
In June, Advent Software acquired Jacksonville, Florida-based Black Diamond for $73 million in cash. The combination brought together Black Diamond’s innovative technology with Advent’s deep resources and industry-leading market share. Since the acquisition, Advent has continued to invest in the Black Diamond platform, increasing staff and announcing a range of new products and technology enhancements.
Harbor View acted as sole financial advisor to Black Diamond in the transaction. The acquisition was the culmination of a three-year relationship between Harbor View and Black Diamond in which Harbor View delivered a variety of strategic consulting and advisory services.
Each year, M&A Advisor recognizes the leading transactions and deal-makers in the investment banking industry. This year, finalists were selected from a record 389 nominations representing over 500 companies. Winners for Major and Sector Transactions of the Year will be announced at the M&A Advisor Awards Gala in December in New York City.
Harbor View Advisors provides M&A advisory, turnkey corporate development and strategic consulting to software and technology-enabled business services companies. Our unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their goals. Whether you are seeking a path to liquidity for your business or are looking to strengthen your corporate development program, we work with your leadership team to solve your toughest challenges.