Spendbase Inc.

Lewes, Delaware

About Spendbase Inc.

Company overview

Spendbase Inc. is a company specializing in spend management solutions aimed at optimizing software and vendor expenditures for businesses. By integrating advanced SaaS management, vendor management, and cloud discount tools, Spendbase empowers companies to achieve significant cost reductions, streamline procurement processes, and gain comprehensive visibility over their software usage and spending patterns. Product Breakdown: SaaS Management Spendbase offers robust SaaS management capabilities that enable organizations to track and control their software expenses. The platform provides a real-time, 360-degree view of all SaaS subscriptions, helping to identify unused licenses and eliminate shadow IT. Features include automated renewal notifications, license optimization, and the ability to assign software owners to improve accountability and management efficiency. Vendor Management Spendbase's vendor management system simplifies the procurement process by consolidating multiple vendor interactions into a single platform. This includes handling negotiations, securing long-term partner discounts, and providing a single invoice for all software subscriptions. The service ensures that organizations get the best prices and terms, freeing up time and resources to focus on core business activities. Cloud Discounts The platform leverages partnerships to offer substantial cloud service discounts. This feature allows companies to reduce their cloud expenditure significantly by accessing pre-negotiated deals and optimizing their cloud usage. Spendbase takes care of the negotiation process, ensuring that clients benefit from ongoing cost savings on essential cloud services. Discount Marketplace Spendbase includes a discount marketplace where businesses can access exclusive deals on various software and cloud services. This marketplace provides a centralized location for discovering and acquiring software at reduced rates, further enhancing the overall cost efficiency of the organization's tech stack.

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee--------------------
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Jane DoeEmployee--------------------
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John DoeEmployee--------------------
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John DoeEmployee--------------------
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401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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