The nation has begun to take note of Tampa.
In the first three months of 2021 alone, eight Tampa Bay companies were acquired, with most acquiring companies based out of state. In comparison, five Tampa Bay companies were acquired throughout all of 2020. We've rounded up the acquisitions that have occurred so far in 2021 below.
• Core Associates, a Tampa software company focused on workplace automation, was acquired by a Charlotte fintech company. AvidXchange, which hit the billion-dollar unicorn valuation in 2019, acquired Core Associates for an unknown amount. Core Associates was founded in 2008 and has over 30K users.
• Clearwater-based CoreRx was acquired by Raleigh-based NovaQuest Private Equity for an undisclosed amount. CoreRx was founded in 2006 and provides contract development and manufacturing services to small and midsize biotech and pharmaceutical companies.
• Tampa-based Demio, a webinar platform startup, was acquired by Seattle-based events marketing company Banzai for an undisclosed amount. Demio was founded in 2014. With the acquisition, its platform will now be made available to Banzai customers in a joint offering.
• St. Petersburg-based Spectrology LLC was acquired by Seminole-based Salvo Technologies for an undisclosed amount. Spectrology produces spectrometers, imaging and sensing products and stated it would look at consolidating to Salvo Technologies' operations soon.
• St. Pete's Janus Displays was acquired by a Nashville-based company for an undisclosed amount. Uniguest, which provides technology solutions to customer-facing businesses, snagged the St. Pete company in a recent string of acquisitions. Janus Displays focuses on digital signage and "engagement technology" in the hospitality industry.
• Tampa dentistry technology company DDS Lab was acquired by RoundTable Healthcare Partners, an Illinois private equity firm with a focus on health care. The company was acquired for an undisclosed amount as part of RoundTable's $700M "Equity Fund V." Senior debt financing was provided by Capital One Healthcare.
• Clearwater-based Ensurem was acquired by Miami private investment firm 777 Partners for an undisclosed amount. Ensurem is a fast-growing insurance technology and product distribution company and said it would use the new Miami footing to expand its technology further.
• Continental Benefits Inc., a third-party administrator in the health care industry, was acquired for an undisclosed amount by fellow Tampa-based Marpai Health. The deal is expected to close in April. The partnership will allow Marpai Health to launch an AI-enabled health plan system.
