Two Philadelphia-area software companies announced major acquisition news this week.
Financial details for both deals were not disclosed. Here’s what we do know:
Infinite Blue acquired Groupdolists
The local enterprise application platform maker announced the deal Tuesday, saying it had acquired “substantially all of the assets” of Centrallo Corporation which includes Groupdolists, a global incident and crisis management response platform. The California-based company helps orgs optimize their responses during disruptions or crises by mobilizing response teams.
Frank Shultz, chairman and CEO of Infinite Blue, said the move sets up the Philly company to evolve its flagship product, BC in the Cloud, which provides automated SaaS tools and professional services focused on business continuity that can be customized as needed. Infinite Blue also closed a Series A for an undisclosed amount in 2020 to accelerate growth.
The Philly company is bringing on all four of the full-time Groupdolists employees, including CEO Michael Sher, to run its sales team.
“I actually met them through a customer relationship a few years ago, and the way they approach incidents is similar to us, and their team has been really successful,” Shultz told Technical.ly. “We were talking for a while, and decided it made sense to put the teams together.”
The addition of the Groupdolists team brings Infinite Blue’s headcount to just under 100 people, Shultz said. He’s excited about the additions’ ability to help the Philly company with its growth plans, including possibly opening more offices after one opened in Dubai last year.
“I think a lot of this team are some of these puzzle pieces that fit right in to take our products to the next level, for sure,” Shultz said.
Sher said in a statement that his team had developed Groupdolists with the idea that a larger company would eventually acquire it and use the domain for a bigger platform.
“Frank is visionary, as is his executive leadership team,” he said, “and we’re excited to work closely to leverage our expertise, relationships and experience to fulfill Infinite Blue’s vision.”
Tridiuum acquired by New Directions Behavioral Health
And Center City-based behavioral health company Tridiuum, maker of a cloud-based behavioral health screening, triaging, matching and online scheduling SaaS platform, has been acquired in a deal with the Kansas-based company.
New Directions offers a range of behavioral health services, and said in a statement that integrating Tridiuum’s technology will allows its members to be immediately scheduled with its network of healthcare providers, and speed their access to care. At the start of 2020, Tridiuum CEO Mark Redlus told Technical.ly about the company’s pivot to its Tridiuum ONE platform.
“This represents an incredible step forward in our mission of ensuring member access to the highest quality behavioral health solutions when demand is incredibly high,” said Shana Hoffman, CEO of New Directions, in a statement. “We are excited to welcome the talented team at Tridiuum to the New Directions family and to together deliver even smarter outcomes at scale to both new and existing members.”
Redlus has been appointed as president of Tridiuum under the new deal. He said the deal will allow the Philly company and New Directions to set a new standard of care with “accelerated access.”
“We look forward to working with New Directions towards bridging the gap for patients’ behavioral health needs by using our scalable technology, which enables online scheduling to outcome measurement, to reimagine how to deliver timely access to care,” he said.