Data M&A People Women

screen-shot-2016-10-26-at-8-51-03-amWelcome our new M&A writer Arnav Joshi, who prepared these questions for SmartBase Solutions CEO Kris Lynch after SmartBase Solutions bought Group 3 Marketing earlier this month.

Thanks to Franklin Partners for underwriting our M&A section!

Do you expect to use this acquisition to primarily develop and introduce new offerings or to bolster existing capabilities?

The combination of the two companies will accomplish both strategies. We expanded our capabilities by obtaining some top-notch technical and marketing talent to complement our incumbent staff. Group 3 has deep expertise in developing customer
loyalty and brand loyalty programs that are data-driven, creating additional opportunities within our marketing services.

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By Adam Belz, Star Tribune

“Minnesota has crept back into the top ten of a national ranking of states by tech and science business prowess after a 12-year absence. The Milken Institute ranked Minnesota eighth in its State Technology and Science Index 2016, released Tuesday, thanks to the state’s strong tech workforce and strong investment in human capital.  Minnesota last found itself in the top ten in 2004. The study has been conducted every two years since 2002.”

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Gov M&A

By Ben Miller, GovTech

screen-shot-2016-10-25-at-9-45-58-am“Two of the largest cloud-based companies in the government technology market, GovDelivery and Granicus, have merged into a single firm. The deal, brought about through the private equity firm Vista Equity Partners, is a major one for the market — the companies each serve more than 1,000 government entities at the federal, state and local levels in the U.S. Vista disclosed a $153 million price tag on its stake in GovDelivery. While it didn’t list the size of its investment in Granicus, GovDelivery CEO Scott Burns told Government Technology that Granicus is about the same financial size as GovDelivery.”

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More TECHdotMN News

Driving Change: Chad Halvorson, the CEO of When I Work
October 25, 2016 | sourced

TECHdotMN TALK: GetDown Ep. 6
October 24, 2016 | by The TECHdotMN Team

Startup School Femtech Preview: Angie Eilers on Lean Startup
October 21, 2016 | sourced

[VIDEO] Graveti Fireside w/ Minnesota Tech Entrepreneur Clarence Bethea
October 21, 2016 | sourced

Q3 Capital Review: 17 Minnesota Tech Ventures Raised ~$8m
October 20, 2016 | by Jeff Pesek

Code42 Opens Tech Office In Colorado
October 20, 2016 | sourced

Power Moves Twin Cities: Justin Grammens
October 19, 2016 | sourced

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