MyShopManager acquired by Performant Capital
FE International has the pleasure of announcing the successful sale of MyShopManager, a marketing automation platform for auto repair shops, to Performant Capital. FE International served as sole sell-side advisor on the acquisition of MyShopManager. With this acquisition and Performant Capital’s purchase of uNotifi, a cloud-based customer relationship management platform, they have formed Dealer Holdings, a SaaS provider of marketing automation software and services Jon Dickson, co-founder of MyShopManager, expressed, “I’m very proud of the entire team at MyShopManager for getting to this milestone and excited to see how they continue to grow in the coming years. FE International was very professional and organized throughout the process and matched us with Performant Capital, a suitor that not only met our terms but truly understood what was unique about our business and how our team’s culture set us apart.”
Slack to allow messaging across organizations in 2021
Come 2021, Slack users will be able to direct message anyone from a different organization to help simplify communications between businesses. Slack users can send a private link to invite other users to direct message. “You could put a link on your Twitter profile or a QR code on your business card that people could use to connect with you,” explains Slack CEO Stewart Butterfield in an interview with The Verge. The owner of the link will still have to approve the right to engage in direct messaging, but this new feature will hopefully improve cross-communications and engagements for businesses.
Google introduces ‘Workspaces’ to compete with other productivity tools
For a while now, Google has been playing catch up to other workplace productivity platforms like Slack and Microsoft Teams, but this week, they have announced a rebrand of their G-Suite services: Workspaces. This change will allow better integration between G-Suite apps and a new pricing tier. Some of these features will include generating documents within chats without switching tabs, simultaneous collaboration on documents in the same window as video calls, and upgraded link previews. This revamp is timely as Microsoft Teams has recently released pipeline features for their platform and Slack continues to add to their wealth of integrations, including that of DocuSign, Atlassian, and Salesforce.
WP Bakery WordPress vulnerability affects over 4 million websites
Back in July, researchers found a vulnerability in WP Bakery that allowed attackers to inject malicious JavaScript in posts, leaving over 4 million websites exposed. This flaw allowed attackers to also edit other users’ posts. Wordfence reached out to the plug-in’s team, where developers from WP Bakery began the process of finding a fix for the issue. A sufficient patch was released in late September, but the correct update, version 6.4.1, became available on Wednesday. Developers encourage users to update to the most recent version as the plug-in is used in many WordPress themes.
Instacart valuation jumps to $17.7 billion thanks to online grocery shopping surge
In its most recent round of funding, Instacart reported $200 million in funds, valuing the company at $17.7 billion. Due to the COVID-19 pandemic, Instacart’s order volumes have exploded to over 500 percent year over year, and customers have grown from ~200,000 to ~500,000 since the start of the pandemic. According to Instacart, the new funds will be allocated toward developing the mobile app, to better tailor to e-commerce customers’ needs, and to invest in Instacart Ads. Back in June, the company mentioned an IPO on the horizon, but no further comments have been made.
Creatio Review – a SaaS Spotlight
Back in 2002, Katherine Kostereva, along with a few other like-minded individuals, united the desire to help businesses seamlessly automate ideas with the creation of a competitive software solution. Their efforts produced Creatio, a low-code platform for process management and CRM. . .
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For sale is a fast-growing affiliate business in the evergreen consumer electronics review niche with over 3.5M page views over the LTM. Since launching in 2019, the business has scaled quickly by providing detailed, high quality, and easy to follow buyer guides and electronic product reviews. The site boasts a stellar SEO profile with rankings for over 158,000 keywords, and links from authoritative sites such as BBC News, Time, and Bustle. The acquisition presents a great opportunity for a new owner to take over a reputable content business in a lucrative niche.
Some key highlights:
- Impressive revenue growth at a CMGR of c.67.7% in the LTM, with the business generating c.$511K in revenues per year (L3M annualized)
- Stellar SEO profile and rankings for over 158,000 keywords
- Strong traffic statistics with over 3.5M page views and 3M visitors over the LTM
Request a prospectus from the link above to learn more.
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OTHER NEW LISTINGS
Affiliate – Home, House, and Garden – $70.2K Gross/Mo
- Firm foothold in the Home, House, and Garden niche
- Strong SEO presence with keywords ranking for c.181,000 keywords
- Impressive traffic statistics with over 3,800,000 visitors and 7,900,000 page views in the LTM
- Rapid revenue growth with c.$787,000 earned in the LTM (before Amazon affiliate cuts)
Yearly net profit: $647,000
Asking price: $1,700,000
SaaS – Site Analytics Management Shopify App – $2K MRR
- Glowing reviews on Shopify with a stellar 4.8-star rating
- Attractive SaaS metrics with MRR of c.$2,000 and LTV of c.$95 over the LTM.
- Growing installation and subscriber base with single-digit MRR churn
- Lean and scalable cost structure
Yearly net profit: $24,000
Asking price: $100,000
Digital Services – Social Media Engagement Software – $558K ARR
- Firm foothold in the social media engagement software niche
- Steady growth with revenues rising c.53% CAGR between 2016 and (e)2020
- Strong unit economics with ARPU at c.$121 and a high LTV of $402
- Minimal owner involvement
Yearly net profit: $320,000
Asking price: $1,479,000
SOLD BUSINESSES
Subscription Box E-Commerce – DIY & Crafts Kits – $16.8K Gross/Mo
Until next week!
The FE International Team