Message Broadcast, a longtime leader in customer engagement for utilities and other highly regulated industries, today announced it has rebranded as Convey. The new name and identity reflect the company’s evolution and its vision for the future—one where intelligent workflows redefine how highly regulated industries engage with their customers. The rebrand follows the strategic combination of...
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Latest news from OceanSound Partners and our portfolio companies
Message Broadcast, a leading provider of customer engagement software for the electric utility industry, has acquired the utilities business from West Technology Group’s CX360 division (“West Utilities”). Following the previously announced acquisitions of AGENT511 and i2sms, this transaction reflects Message Broadcast’s commitment to building, acquiring, and integrating the best customer engagement solutions, purpose-built for the utility industry. The terms of...
Portfolio Company UpdateNovember 13, 2024Lynx Software Technologies Announces Acquisition of Core Avionics & Industrial
Lynx Software Technologies, Inc. (“Lynx”), a leader in foundational, open architecture software solutions for edge computing, today announced the acquisition of Core Avionics & Industrial, Inc. (“CoreAVI”). CoreAVI is the leading provider of development tools, software libraries, and deployable software packages that enable safety-critical graphics processing unit (“GPU”)-based computing, including certified graphics rendering, autonomy, and...
Transaction AnnouncementOctober 29, 2024OceanSound Partners Acquires Antenna Research Associates, a Leading Provider of Integrated Radio Frequency & Advanced Communications Solutions
OceanSound Partners (“OceanSound”), a growth-oriented private equity firm that invests in technology and technology-enabled services businesses serving government and highly-regulated enterprise end-markets, today announced the completion of its acquisition of Antenna Research Associates, Inc. (“ARA” or the “Company”), a leading provider of integrated radio frequency (“RF”) and advanced communications products to the aerospace and defense (“A&D”) end-markets. ARA’s...
Portfolio Company UpdateOctober 23, 2024SMX Awarded Competitive, Single-Award $3.2B SOCPAC Task Order on AAS ASTRO Contract
SMX®, a leader in next-generation mission support, digital transformation, and IT solutions, announced today that it has been awarded a prime contract to continue its work with Special Operations Command Pacific (SOCPAC) and its mission partners supporting the United States Indo-Pacific Command (USINDOPACOM). With an estimated value of $3.2 Billion (inclusive of option periods), the...
Firm UpdateOctober 1, 2024OceanSound Partners Closes $1.49 Billion Fund II
OceanSound Partners (“OceanSound”), a growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and highly regulated enterprise end markets, today announced the final close of its second fund, OceanSound Partners Fund II, LP (the “Fund”), with $1.49 billion in total capital commitments. Together with affiliated co-investment vehicles and a single-asset continuation...
Message Broadcast, a leading provider of customer engagement software for the electric utility industry, has acquired the utilities business from West Technology Group’s CX360 division (“West Utilities”). Following the previously announced acquisitions of AGENT511 and i2sms, this transaction reflects Message Broadcast’s commitment to building, acquiring, and integrating the best customer engagement solutions, purpose-built for the utility industry. The terms...
Portfolio Company UpdateSeptember 26, 2024Message Broadcast Acquires AGENT511
Message Broadcast has acquired AGENT511, a provider of customer and constituent engagement solutions for utilities and local governments. The acquisition of AGENT511, along with the earlier acquisition of i2sms in May 2024, solidifies Message Broadcast’s position as the leading provider of customer engagement software for the electric utility industry. The terms of the transaction were not disclosed. The acquisitions...
Portfolio Company UpdateSeptember 24, 2024PAR Excellence Systems Adds Former U.S. Department of Veterans Affairs Secretary Dr. David J. Shulkin to Board of Directors
PAR Excellence Systems Inc. (“PAR” or the ”Company”), a leading, end-to-end provider of automated inventory management systems (“IMS”) solutions to the healthcare industry, today announced the appointment of the Honorable Dr. David J. Shulkin to its Board of Directors. Shulkin joins the board of PAR having served as ninth Secretary of the United States Department of...
Transaction AnnouncementSeptember 9, 2024OceanSound Partners Acquires PAR Excellence, A Leading Provider of Inventory Management Systems to the Healthcare Industry
OceanSound Partners (“OceanSound”), a growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and highly-regulated enterprise end-markets, today announced the acquisition of PAR Excellence Systems Inc. (“PAR” or the “Company”), a leading provider of supply chain integrity and cost management solutions to the healthcare industry from Northlane Capital Partners (“Northlane”). Northlane and PAR’s management team...
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