“Bob Berstein, Frank Cordek, and the team at Signal Hill were tenacious, thoughtful advisors during this process, They helped us find the right partner for this next phase of our company’s growth.”
Image Process Design (IPD) Has Received a Majority Investment From Renovus Capital Partners
Signal Hill is pleased to announce that its client Image Process Design, LLC (IPD) has received a majority investment from Renovus Capital Partners. IPD is a software company providing enterprise content management solutions to healthcare, insurance, and financial companies under its Ultera® brand.
With the acquisition, IPD will make additional investments in R&D and sales and marketing and partner with Prime Technology Group, a Renovus portfolio company.
“We are excited to accelerate our growth with the support of the Renovus and Prime teams,” said Steven Racine, CEO of IPD. “Clients need increasingly specialized systems in today’s market, and we are pleased to continue providing our clients with high-quality IT functions.”
About Signal Hill
Signal Hill, named 2015 Boutique Technology Investment Bank of the Year by the Global M&A Network, is a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®. For more information visit www.signalhill.com.