EverCommerce Transforms Business Landscape with Strategic Sale
EverCommerce's Strategic Transition
In a significant development for EverCommerce Inc. (NASDAQ: EVCM), the company has announced the sale of its renowned Marketing Technology solutions to Ignite Visibility. This strategic decision highlights EverCommerce's commitment to refining its focus and enhancing its service offerings. The solutions, known as "EverConnect," cater to service-based small and medium businesses (SMBs) and will now integrate into Ignite Visibility’s product suite.
The Importance of Marketing Technology
Marketing technology plays a pivotal role in today’s business environment, particularly for SMBs that rely on effective tools to generate leads and engage with customers. EverConnect has proven to be a valuable asset, providing essential capabilities to assist businesses in customer acquisition and growth. This decision to transfer ownership to Ignite Visibility is expected to better serve the customer base, ensuring continued access to top-tier marketing solutions.
Quotes from Leadership
Eric Remer, Chairman and CEO of EverCommerce, expressed optimism about this transaction, stating, "EverConnect’s Marketing Technology solutions are well-regarded, value-add products for service SMBs, providing robust lead generation and digital agency capabilities. We believe that selling these solutions to Ignite Visibility is the best outcome for all stakeholders involved." His vision reflects the company’s ongoing transformation towards an AI-powered service model that seeks to maximize shareholder value.
Welcoming the EverConnect Team
Ignite Visibility's CEO and founder, John Lincoln, highlighted the strategic fit of the acquisition, suggesting, "EverConnect’s world-class technology and top-notch team will deliver meaningful value to our existing clients and expand our reach." This partnership is anticipated to leverage Ignite's robust platform, enriching the services provided to new and existing clients.
Details of the Acquisition
As part of the transaction process, financial guidance was provided by Canaccord Genuity, while legal counsel was secured by Greenberg Traurig for EverCommerce and by Morrison Foerster for Ignite Visibility. While the terms of the sale have not been disclosed, the implications for both companies promise a trajectory of growth and enhanced service delivery.
About EverCommerce
EverCommerce stands out as a leading service commerce platform, offering tailored SaaS solutions designed for over 725,000 global service-based businesses. The company’s innovative technology streamlines operations while improving customer retention and driving sustainable growth. Through its brands, EverPro, EverHealth, and EverWell, the company specializes in services within Home, Health, and Wellness industries, ensuring comprehensive business management solutions.
About Ignite Visibility
Ignite Visibility is recognized as an award-winning digital marketing agency that empowers enterprise businesses through innovative strategies and advanced technology. With a clientele comprising over 90 multi-location brands, the firm is celebrated for its expertise across various marketing domains, such as SEO, social media, and email marketing. Ignite Visibility is an industry leader committed to continuous innovation, recently launching Generative Engine Optimization (GEO) to enhance AI-driven search capabilities.
Frequently Asked Questions
What does the sale of EverConnect entail?
The sale involves transferring EverCommerce's marketing solutions, known as EverConnect, to Ignite Visibility, allowing the latter to integrate these technologies into its service portfolio.
How will this affect EverCommerce’s operations?
This strategic move enables EverCommerce to concentrate on its core business, particularly on providing AI-powered software tailored for verticals, ensuring greater focus and optimized performance.
What benefits does Ignite Visibility gain from this acquisition?
Ignite Visibility will enhance its offerings with EverConnect’s advanced marketing technology, which will support their existing clients and attract new business opportunities.
How does this transaction reflect EverCommerce’s future direction?
This acquisition is part of EverCommerce's broader strategy to streamline its services, focusing on delivering high-quality, specialized software solutions that drive long-term growth and shareholder value.
Who can I contact for more information about this announcement?
For investor inquiries, you can contact Brad Korch, SVP and Head of Investor Relations at 720-796-7664. For press-related questions, reach out to Jeanne Trogan, VP of Corporate Communications at 512-705-1293.
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