▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | GreenCity | Italian Channel Awards | Italian Project Awards | ...
InnovationOpenLab

D.A. Davidson & Co. Acts as Exclusive Strategic and Financial Advisor to Govenda in Its Sale to OnBoard

D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Govenda, a board portal and corporate governance software platform known for artificial intelligence (AI) appli...

Business Wire

PITTSBURGH: D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Govenda, a board portal and corporate governance software platform known for artificial intelligence (AI) applications, in its sale to Passageways, parent company of OnBoard, a leading provider of digital board governance solutions and portfolio company of JMI Equity. Govenda is a portfolio company of Growth Street Partners, a San Francisco-based growth equity fund, and founded by Marion Lewis and Jeanette Thomas.

Founded in 2014 as BoardBookit, Govenda equips corporate boards, C-suites, and in-house legal counsel with advanced capabilities to unify governance workflows to reduce compliance risks and improve decision-making. The intuitive, AI-enhanced boardroom experience helped Govenda garner more than 600 customers across multiple industries including financial institutions, healthcare, higher education, and trade associations.

“Technology has become a key point of differentiation in the Board room, and we believe the combination of Govenda and OnBoard will create a dominant solution with the backing of a premier private equity group,” said Greg Thomas, Managing Director, Co-Head of Technology Investment Banking at D.A. Davidson.

The acquisition will also enable both OnBoard’s and Govenda’s customers and boards to achieve improved governance. Clients will benefit from the combination of unique capabilities to deliver an enhanced user experience with best-in-class governance AI, real-time collaboration tools, and the most secure and data-compliant environments.

“Our combination with OnBoard creates the most innovative Board solution on the market,” added Marion Lewis, the Co-Founder and CEO of Govenda. “The team at D.A. Davidson provided critical, strategic advice and senior-level attention from our earliest meeting through close. We are thankful for our partnership with their team and believe their industry expertise and buyer relationships played a critical role in our success.”

This transaction highlights the ongoing success of D.A. Davidson's Technology Investment Banking practice, which has completed 100+ transactions representing approximately $21 billion in value since 2020. D.A. Davidson’s Technology Investment Banking practice has coverage of software, financial technology, tech-enabled services and communications technology.

D.A. Davidson’s Investment Banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. To learn more about our practice, please click here.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha, and Seattle, the company has approximately 1,600 employees and offices in 29 states.

Subsidiaries include D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.

For more information, visit dadavidson.com.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

Axyon AI: Italian Artificial Intelligence for Finance applications

Axyon AI offers an AI platform specifically designed for asset management, with several interesting strengths for those approaching machine/deep learning…

Italian Artificial Intelligence tackles medical emergencies at sea

Mermaid-AI is a telehealth platform at sea based on a visor equipped with an AR, medical Artificial Intelligence algorithms, satellite communications…

Gyala: a new "Made in Italy" cybersecurity

With a proven track record in the defence field, Gyala now also brings its cybersecurity technologies to the wider enterprise audience

ITALIAN PROJECT AWARDS 2023: the best IT projects of the year, awarded

Now in its third edition, the initiative is targeted at the ICT professional world and honours projects based on innovative ideas and technologies, realised…

Most read

Sheba Microsystems Welcomes MEMS Technology Leader and Entrepreneur Matt…

Sheba Microsystems Inc. (Sheba) a global leader in MEMS technologies, today announced the appointment of Matt Crowley as Senior Strategic Advisor. Matt…

Linda Boff Joins Said Differently as CEO to Lead Next Phase of Growth

Said Differently, an award-winning creative, strategy, and customer experience company founded in 2020, announced today that Linda Boff, who previously…

BAE Systems, Inc. Announces Leadership Transition on Board of Directors

BAE Systems, Inc. today announced that former U.S. Senator Kelly A. Ayotte will step down as the Chair of the Board of Directors as she embarks on an…

North American Data Center Colocation Services, 2024-2029: Lucrative Opportunities…

The "Growth Opportunities in North American Data Center Colocation Services, 2024-2029" report has been added to ResearchAndMarkets.com's offering. This…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!