DENVER, CO – Headwaters MB 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.