Who is Big Band Software?
Big Band Software is a serial acquirer based in the United States.
Big Band Software
- Type
- serial acquirer
- Headquarters
- Minneapolis, United States
- Website
- bigbandsoftware.com
- Company page
- Subsidiary
- IZZI Software
How they work
Big Band Software is a Minneapolis-based holding company that buys and operates B2B software businesses. Founded by Kevin McArdle, Chris Reedy and Jason Heath, it is backed by ParkerGale, Talisman Capital Partners and Dan Martell. It targets growing, profitable SaaS companies and supports their leadership, operations and culture for long-term ownership. Its portfolio includes direct software businesses and IZZI, an acquisition group focused on IBM mainframe and midrange software.
Founders can contact the acquisitions team through the website form or published email. Big Band describes collaborative due diligence and valuation discussions, followed by a leadership transition suited to the seller. Its completed transactions include both a founder retiring and an existing CEO continuing. After acquisition, it supplies leadership, operating support and capital for long-term growth.
- Capital model
- Software holding company backed by ParkerGale, Talisman Capital Partners and Dan Martell, buying businesses to operate for the long term.
- Sector focus
- Growing, profitable B2B SaaS businesses with recurring revenue and strong customer retention. The group also operates IZZI, focused on IBM mainframe and midrange software.
- Majority or minority
- 100% acquisitions, as stated in its March 2023 launch criteria.
- Target ARR
- $1 million–$10 million in annual recurring revenue, according to the current website.
- Target revenue
- Its February 2023 launch release specified $1 million–$10 million in revenue; the current website states its range in annual recurring revenue.
- Target EBITDA
- March 2023 launch criteria: $400,000–$2.5 million+ EBITDA. The current website requires profitable businesses but does not repeat an EBITDA range.
- Hold period
- Long-term ownership without positioning acquired businesses for a quick resale; no fixed holding period is published.
- Ownership
- Operating support for leadership, growth and infrastructure while each business retains its own CEO, culture and independence.
- Founder ownership
- Primarily bootstrapped and founder-owned software companies. Founders may retire, start another venture or continue leading the business after the sale.
- Platform or bolt-on
- Standalone software businesses and divested software products. Its IZZI group also acquires complementary mainframe and midrange software companies.
Their portfolio
- SectorSoftware & IT servicesWhat they doCNX develops the Valence software platform for IBM systems. It helps organisations modernise existing applications and build new business applications using low-code tools and development utilities.
- SectorSoftware & IT servicesWhat they doColeSoft develops debugging and diagnostic software for IBM mainframe systems. Its tools help software engineers inspect running code, resolve security issues and analyse system dumps.
- SectorSoftware & IT servicesWhat they doDocLib develops accounts payable and document workflow software with integrations to business systems such as QAD and NetSuite. Its tools process invoices, approvals and supplier documents for manufacturing, distribution and other operations.
- SectorHealthcareWhat they doInphonite provides patient messaging and appointment reminder software for healthcare practices. Its platform supports personalised notifications, patient communications, online engagement and integration with clinical workflows.
- SectorSoftware & IT servicesWhat they doWorkzone provides project management software for marketing, operations and cross-functional teams. It combines project planning, task collaboration, approvals, resource management and reporting across organisations in several industries.
All 5 tracked holdings shown
Sources
- bigbandsoftware.com · portfolio page
- bigbandsoftware.com · website
- bigbandsoftware.com · research
- bigbandsoftware.com · research
- news.bigbandsoftware.com · research
- news.bigbandsoftware.com · research
- news.bigbandsoftware.com · research
- izzisoftware.com · research
- prnewswire.com · research
- news.bigbandsoftware.com · research