“We’re sitting on a lot of cash,” said the outspoken leader in response to this initial tweet. “As we seek to continue our trajectory, an acquisition is becoming more front and center.”
Collins elaborated on his ideal match to include “quantifiable marketing products” that help to measurably lower customer acquisition costs. “Were looking first and foremost for technology that’s a fit with our current customer base, followed by a founding team led by a product visionary.”
Examples could be an email service provider or similar saas product that serves small businesses, a segment in which the firm has amassed 40k+ customers.
“We would love to find a local partner,” he emphasized when noting a relationship outside the midwest would necessitate the founding team relocate to Minnesota.
Last year we saw a number of deals between local companies, notably Insite Software + Storyworks1, FieldNation + FieldSolutions, and Healthland + Rycan. Interested parties are encourage to send a direct message @ClayCollins on twitter or connect with Corp Dev Lead James Haughawout.