August 30, 2017
Menlo Park, CA – GrowthPoint advises RevStream on its acquisition by Aptitude Software (Microgen plc).
GrowthPoint announced that it acted as the exclusive financial advisor to RevStream on its acquisition by Aptitude Software (Microgen plc). RevStream “provides companies across a wide range of industries with a powerful cloud-based software for managing and automating revenue recognition and reporting and delivering revenue insights that empower more effective forecasting, compliance planning, and decision-making. RevStream’s Enterprise Revenue Lifecycle Management platform dramatically accelerates revenue recognition and analytics by eliminating the inefficiencies of manual spreadsheet-based processes and custom-built systems”.
“RevStream plus Microgen, now manage a Trillion Dollars of Revenue. In addition, RevStream brings Microgen an excellent set of brands to industries not currently served, namely High Technology, Software, Gaming, Media and Publishing. With new IFRS 15 and ASC 606 regulations, this combination creates the largest pure play software company in Enhanced Financial Control, Automation and Insight in the market” said Michael Shepherd, Managing Director at GrowthPoint.
“We’ve witnessed a rapid shift to high-volume business models and dynamic changes to accounting regulations that have hampered CFO’s who want to expand beyond the traditional accounting role and deliver quick, forward-looking information and insight into their operations. RevStream & Aptitude provide an unparalleled, unified solution to solve this evolving problem” stated Jack Cassel, Associate at GrowthPoint.
For more information on this deal, please read the official press release.