Headwaters advised Rivet Software, a software-as-a-service (“SaaS”) financial reporting company based in Denver, Colorado, on its sale to Equity Administration Solutions (EASi), a SaaS stock plan software provider based in Pleasanton, California.
Founded in 2003, Rivet provides more than 300 publicly traded companies with financial reporting and analysis solutions that enable the creation, distribution and consumption of financial data. Rivet’s revolutionary technology increases transparency and improves process efficiency. “Rivet’s extraordinary technology, strong customer base and global growth prospects, provided a compelling story that resonated with EASi,” said Headwaters Director Tom McConnell. “By combining forces, Rivet is well positioned to capitalize on a host of opportunities.”
Madelaine Rohan, CEO of Rivet Software, added, “Headwaters’ thorough sale process allowed us to find the right buyer and the right fit for our company. Tom’s skilled advocacy for us made the difference in closing a win-win deal for both Rivet and EASi.”
Rivet and EASi both made the Inc. 500 list of fastest growing companies in 2011 and 2012. Headwaters Head of Investment Banking Jack Maier stated, “Given the products and customer synergies, these two companies will more effectively tackle their large market opportunity. We look forward to watching them grow.”
Headwaters MB acted as exclusive financial advisor to Rivet Software in the transaction. Terms of the transaction were not disclosed.
About Rivet Software
Rivet Software provides financial reporting systems that improve the way companies create and consume financial information. Founded in 2003 by software and accounting industry veterans, Rivet's mission remains to revolutionize global financial communications by enabling financial transparency and leveraging global standards. Headquartered in Denver, CO, the firm employs the most experienced XBRL and financial reporting staff in the industry. Rivet was honored in 2011 and 2012 as an Inc. 500 company. www.rivetsoftware.com.
About Equity Administration Solutions (EASi)
Since 2002, Equity Administration Solutions, Inc. (EASi) has been making it easier for companies to compensate top talent with share-based awards. EASi’s user friendly, web-based technology streamlines plan management, financial reporting, and analysis so that clients can focus on driving strategic value from their equity compensation programs. With technology based on indepth accounting expertise and a flexible broker of choice model, EASi has helped over 900 companies worldwide innovate their equity management processes. For more information, visit www.easiadmin.com.