SALT LAKE CITY–(BUSINESS WIRE)–January 20, 2022–
DA Davidson & Co. today announced that it has served as exclusive financial advisor to SalesRabbit, the leading provider of sales enablement software for outside sales teams, by securing a significant growth equity investment from Diversis Capital.
Based in Lehi, Utah and founded in 2013, SalesRabbit offers an end-to-end mobile and web-native software solution for outside sales teams looking to streamline and improve team management, lead management, lead conversion, leads, presentations, proposals, forms and contracts. Bringing deep expertise in the outside sales software category, SalesRabbit’s talented team has helped many of the largest outside and field sales teams scale quickly, reduce costs, save time and increase sales by meeting all of their needs.
“DA Davidson’s Technology Investment Banking team played a critical role in helping us deliver this milestone event for SalesRabbit,” said SalesRabbit CEO Brady Anderson. “They took the time to understand our business and combine our success with their impressive buyer knowledge, deal expertise and execution abilities to deliver an incredible result for SalesRabbit.”
The investment will fund key growth initiatives and accelerate SalesRabbit’s ability to meet the needs of external sales organizations looking for a smarter, more efficient approach to every step of the sales process, from lead to close.
“Brady and his team have done a great job leveraging visionary product innovation to drive impressive growth at scale over the past several years, making SalesRabbit the market leader in outside sales software,” said Greg Thomas. , Managing Director of the Technology Investment Banking Group at DA Davidson. “Securing a partner with the capabilities that Diversis Capital has will be essential for the company’s next stage of growth. We are confident that this partnership will lead to significant growth for SalesRabbit in the future.
The transaction represents another successful closing by DA Davidson’s technology investment banking group. DA Davidson’s investment banking division is a leading full-service investment bank offering comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four verticals: consumer, diversified industries, financial institutions and technology.
Together with its European strategic partner, MCF Corporate Finance, DA Davidson initiates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.
About DA Davidson Companies
DA Davidson Companies is an employee-owned financial services company providing a range of financial and advisory services to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 with headquarters in Great Falls, Montana and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,475 employees and offices in 28 states.
Subsidiaries include: DA Davidson & Co., the largest full-service investment firm based in the North West, providing wealth management, investment banking, equity capital markets and fixed income services , and tips; Davidson Investment Advisors, a professional asset management firm; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser that provides fixed income portfolio and advisory services.
For more information, visit dadavidson.com.
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CONTACT: Emilie Roy
Prosek for DA Davidson
KEYWORD: UNITED STATES NORTH AMERICA UTAH
INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY FINANCE SOFTWARE CONSULTING
SOURCE: DA Davidson & Co.
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PUB: 01/20/2022 10:00 a.m. / DISC: 01/20/2022 10:02 a.m.
Copyright BusinessWire 2022.