Dydacomp is sold – and is one of the buyers
Milestone Partners and co-investor Continental Investors announced on January 15 that they had completed the acquisition of D.A. Kopp and Associates and certain affiliated entities, together doing business as “Dydacomp.†The following day, investment bank Berkery Noyes announced that it represented D.A. Kopp & Associates, Inc., Card Management Services, LLC, and Card Financial Services, LLC (Dydacomp) in its sale to Dydacomp Holdings Corporation and Milestone Partners. The bottom line, it seems, is that this is basically a cash infusion to help Dydacomp fund growth, through an equity partner.
Like CommercialWare being acquired by MICROS Systems/DataVantage (now known as MICROS-Retail) and Ecometry being acquired by Golden Gate and merged with GERS and Blue Martini to form Escalate Retail, this is one more major software provider that has sought venture capital. The order management marketplace has become really competitive, between acquisitions and the enterprise wide system vendors attempting to penetrate the multichannel market.
Dydacomp has been around a long time, and they have thousands of customers, which are largely startups and small companies. We hope that this new capital will lead to Dydacomp redesigning its system to be more effective for moderate sized companies. The multichannel business world needs some new effective competitors.
Check back on this blog for more updates on this topic, as we plan to get an interview with Berkery Noyes.
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