Welcome!

@CloudExpo Authors: Elizabeth White, Yeshim Deniz, Zakia Bouachraoui, Liz McMillan, Pat Romanski

News Feed Item

B. Riley Acts as Exclusive Financial Advisor to Lexipol in Connection with its Corporate Sale to The Riverside Company

LOS ANGELES and ORANGE COUNTY, Calif., Aug. 22, 2014 /PRNewswire/ -- B. Riley & Co., LLC, ("B. RILEY") (www.brileyco.com) a leading investment bank providing a full array of corporate finance, research, sales and trading services, served as exclusive financial advisor to Lexipol, LLC in its acquisition by private equity group, The Riverside Company.  Terms of the transaction, which closed August 21, 2014, were not disclosed.

B. Riley & Co. Logo

B. RILEY initiated, structured and negotiated the transaction on behalf of Lexipol and its shareholders.  The transaction team was led by Senior Managing Director Greg Presson, Managing Director Adam Little, Vice President Grant Hustedt and Analyst Noah Franz.

"Lexipol's board of directors and majority shareholders selected B. Riley to represent the Company after a rigorous and extensive financial advisor interview process.  As a result of their significant experience with SaaS based companies and proven track record for maximizing corporate valuations for their clients, B. Riley distinguished themselves as the clear choice to represent our company," said Ron Wilkerson, Lexipol's Chief Executive Officer. 

"B. Riley's expertise in and relationships within the software sector and public safety markets proved tremendously valuable," he added.  "Their knowledge of exactly which strategic corporate buyers and private equity groups were actively pursuing acquisitions of companies similar in profile to Lexipol proved key to identifying the right buyer for the company."

B. RILEY maintains a dedicated team of highly experienced professionals in both the software and homeland security sectors who understand the unique characteristics of both industries. It has relationships with decision makers of prominent industry leading companies as well as institutional investors with specific industry interests and industry portfolio holdings. 

Aliso Viejo, CA-based Lexipol (www.lexipol.com) is the leading provider of risk management and training solutions that enables public safety organizations (e.g. law enforcement, fire and custody) throughout the U.S. to reduce risk, avoid costly litigation, and operate more efficiently and effectively.  Lexipol offers comprehensive and proprietary public safety policy content creation, digital policy manual management, and regular policy updates and certifiable daily training against policy.  The Company is the trusted policy manual and related training source to over 1,700 U.S. public safety agencies.

The Riverside Company (www.riversidecompany.com or www.riversideeurope.com) is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 345 transactions. The firm's international portfolio includes more than 70 companies.  It is based in Cleveland, Ohio.

About B. RILEY:  

B. Riley & Co. LLC, (B. RILEY) is a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, and mergers and acquisitions advisory to public and private companies. The firm is nationally recognized for its highly ranked proprietary equity research.  

B. RILEY recently combined with Great American Group, Inc. (OTCBB:GAMR), a leading provider of advisory and valuation services, asset disposition and auction solutions, capital investment, and real estate advisory services.

B. RILEY is headquartered in Los Angeles and maintains offices in New York, San Francisco and Newport Beach.  It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com or call 310-966-1444.

Logo - http://photos.prnewswire.com/prnh/20130510/LA11405LOGO

SOURCE B. Riley & Co., LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

CloudEXPO Stories
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throughout enterprises of all sizes.
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understanding as the environment changes.
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and workloads, including Microsoft Azure. We are excited to partner with JBS and look forward to a long and successful relationship.
Apptio fuels digital business transformation. Technology leaders use Apptio's machine learning to analyze and plan their technology spend so they can invest in products that increase the speed of business and deliver innovation. With Apptio, they translate raw costs, utilization, and billing data into business-centric views that help their organization optimize spending, plan strategically, and drive digital strategy that funds growth of the business. Technology leaders can gather instant recommendations that result in up to 30% saving on cloud services. For more information, please visit www.Apptio.com.