Whitbread Technolgy Partners, Inc.

lockebridge whitbread technolgy partners
lockebridge whitbread technolgy partners

October 10, 2017

LockeBridge Partners, Inc., a Boston area investment bank focused on mergers, acquisitions, valuations and capital raises, announces a comprehensive investment in Sagacity, Inc. by New Capital Partners (NCP), a private equity firm focused on financial and health care services. LockeBridge acted as the exclusive financial advisor to Sagacity. Sagacity is a developer of marketing automation and cloud-based CRM solutions for mortgage companies and banks. The investment includes new funding that will allow the company to accelerate its milestone objectives, including world-class functionality for lead management, co-branding and RESPA-compliant partner marketing.

According to Adam Cranford, Principal at NCP, “after extensive due diligence and market research, it became immediately apparent that the Company has one of the very highest customer satisfaction rates in the mortgage CRM and marketing automation sector, That’s when we knew that an infusion of capital into a highly regarded, profitable enterprise would allow the existing leadership team to dramatically improve upon service offerings with innovative advancements and the hiring of additional staff. We look forward to an exciting future together.”

Scott Waxler, LockeBridge Managing Partner, states, “Software used to manage outbound marketing with integrated CRM and ERP solutions has been a very active vertical market for us. The transaction structure enables the Owners to continue to direct the Company. With assistance from NCP I am confident that together they will become a leading national player in marketing automation and cloud-based CRM solutions for financial institutions.

About Whitbread Technology Partners

Whitbread was founded in January 2000 to offer custom ERP/CRM solutions to customers using the Oracle E-Business Suite software applications. Joel D’Arcy, the company’s founder worked previously for Oracle as a Practice Director. Based outside Boston, Whitbread’s operations are focused in the New England region. Oracle has recognized the performance of Whitbread on both a regional and national level, awarding Whitbread its highest recognition as a Certified Advantage Partner. Whitbread’s key service areas include; project management, business and functional consulting, technical services, application support, and training.

About Zanett, Inc. (www.zanett.com)

Zanett, Inc. is an information technology (IT) holding company that provides specialized IT solutions through its operating subsidiaries. The Company has two business segments: Commercial Solutions and Government Solutions. The Commercial Solutions segment consists of its wholly owned subsidiaries: Back Bay Technologies, Inc., a technology consulting firm; INRANGE Consulting Corp., Inc., which provides technology consulting services related enterprise resource planning, supply chain management and customer relationship management (CRM) solutions, and Delta Communications Group, Inc., a voice and data communications network integrator. The Government Solutions segment consists of a wholly owned subsidiary, Paragon Dynamics, Inc., which provides advanced software and satellite engineering services.

Certain statements in this news release regarding future expectations and plans for future activities may be regarded as “forward looking statements” within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause Zanett, Inc.’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Zanett, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed discussion of some of the foregoing risks and uncertainties, see Zanett, Inc.’s filings with the Securities and Exchange Commission