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Silversmith Capital Partners Announces Sale of Digital Map Products to LightBox

jeudi 20 juin 2019, 18:02 , par Digital Pro Sound
BOSTON–(BUSINESS WIRE)–Silversmith Capital Partners (“Silversmith”) is pleased to announce that
the previously announced acquisition of Digital Map Products (“DMP” or
the “Company”) by LightBox has closed.


Located in Irvine, California with over 160 employees, DMP is a leading
provider of location intelligence solutions for large enterprise and
government customers including Zillow, Google, Apple, CBRE and the State
of California. The Company’s vision of embedding location technology
into everyday workflows has allowed its over 350,000 users to make
informed decisions based on real-time geospatial intelligence. DMP joins
LightBox, a company whose objective is to provide real estate
professionals with greater transparency, efficiency and insight at every
decision point. DMP joins other LightBox acquisitions including EDR and
Real Capital Markets.


Silversmith led a management recapitalization of Digital Map Products in
August 2016, backing co-founders Jim Skurzynski and Geoff Wade to fuel
the next phase of DMP’s growth. During the partnership, the Company
executed on several strategic initiatives, including executive team
expansion, optimizing go-to-market strategy and outbound marketing, and
completing two tuck-in acquisitions, all while maintaining consistent,
profitable organic growth.


“The best thing I can say about Silversmith Capital Partners is they
care the most about the last word – ‘partners’’, said DMP co-founder and
CEO, Jim Skurzynski. “While the firm brought a lot to the table in terms
of their expertise in helping to grow software and data analytics
businesses, the most important thing they brought was being outstanding,
supportive partners throughout DMP’s journey. While we weren’t looking
to cut that journey short, we believe the opportunity to partner with
LightBox and continue to build our vision in the market was too hard to
pass up.”


“Our success is always derivative,” said Todd MacLean, Managing Partner
of Silversmith. “Our goal is to partner with talented, driven
entrepreneurs and then work tirelessly to support them however we can.
When we are lucky enough to reach milestones like this, the result is
almost always driven by having chosen our partners wisely. We are proud
to have worked with Jim, Geoff and their team over the past
two-and-a-half years in building DMP into a market leader and we wish
them success as part of LightBox.”


Financial terms of the transaction were not disclosed. For more
information on the transaction, refer to the press
release issued by LightBox.


About Digital Map Products


Digital Map Products (DMP), based in Irvine, Calif., is a leading
provider of cloud-based location intelligence solutions helping more
than 350,000 business and government users across North America to make
confident, data-driven decisions. DMP’s Location Intelligence Platform
offers map-based real estate applications including LandVision, API
access to mapping technology and location data via SpatialStream®,
U.S. nationwide parcel and property data via SmartParcels®,
and Canadian address points through CanMap®, all supported by
a professional services team offering consulting and GIS data services.
Today, the company’s location intelligence platform is used by four out
of the six top real estate websites, four out of the top five commercial
brokerage firms, all 10 of the top home builder brands, more than 200
government agencies, and four of the largest gas and electric utility
companies. DMP serves a global customer base with offices in the United
States and Canada. For more information, visit


About Silversmith Capital Partners


Founded in 2015, Silversmith Capital Partners is a Boston-based growth
equity firm with $1.1 billion of capital under management. Silversmith’s
mission is to partner with and support the best entrepreneurs in
growing, profitable technology and healthcare companies. The firm seeks
to invest $15 million to $75 million per company. Representative
investments include ActiveCampaign, Centauri Health Solutions, Digital
Map Products, Impact, LifeStance Health, MediQuant, Nordic Consulting
Partners, and Validity. The partners have over six decades of collective
investing experience and have served on the boards of numerous
successful growth companies including ABILITY Network, Dealer.com,
Liazon, Liberty Dialysis, MedHOK, Net Health, Passport Health,
SurveyMonkey, and Yapstone. For more information, visit www.silversmithcapital.com.


Contacts

Media:Joe CollinsRiver Communications914-686-5599jcollins@riverinc.com
digitalmedianet.com/silversmith-capital-partners-announces-sale-of-digital-map-products-to-lightbox/

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