Chesapeake System Solutions

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Chesapeake System Solutions - overview

Established

1993

Location

Birmingham, AL, US

Primary Industry

Software

About

Chesapeake System Solutions delivers innovative technological solutions designed to enhance user experience and address specific challenges in various markets, primarily focusing on North America and Europe. Founded in 1993 and headquartered in Birmingham, US, Chesapeake System Solutions specializes in software solutions aimed at optimizing operational efficiency. The company was acquired by Trintech Group, a portfolio company of Vista Equity Partners and Spectrum Equity, in May 2016 for an undisclosed sum. Chesapeake System Solutions specializes in providing a range of innovative solutions tailored to meet the diverse needs of its clientele.


The company's core product offerings focus on enhancing user experience through advanced technology and user-friendly interfaces, aimed at addressing specific challenges within their target markets. These products are designed with end users in mind, facilitating seamless integration into their daily operations while offering tangible benefits such as increased efficiency and improved outcomes. Chesapeake System Solutions serves a broad customer base that includes individual users as well as businesses across various sectors, with a particular emphasis on markets in North America and Europe. The company continuously evolves its offerings, ensuring they remain relevant and effective in addressing the changing demands of their clients.


Chesapeake System Solutions generates revenue through a structured model that incorporates both direct-to-consumer sales and B2B partnerships. Clients typically engage in transactions that may involve subscription-based services or one-time purchases of flagship products, which are designed to cater to specific user needs. The pricing plans are crafted to provide value while reflecting the quality and functionality of the products offered. Revenue is derived not only from individual consumers but also from collaborations with businesses seeking to implement these solutions on a larger scale.


The company maintains a focus on fostering long-term relationships with its clients, ensuring a consistent and reliable revenue stream through ongoing support and product enhancements. Chesapeake System Solutions is focusing on developing new product lines, with plans to launch several innovative solutions in the upcoming year. The company aims to expand into new geographic regions, specifically targeting markets in Asia and South America by 2025. The acquisition by Trintech Group in May 2016 will facilitate these initiatives, providing necessary resources and support for growth.


Current Investors

Trintech Inc.

Primary Industry

Software

Sub Industries

Financial Services, Accounting/Finance Software

Website

www.chessys.com

Verticals

FinTech, FinTech

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Chesapeake System Solutions - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedChesapeake System Solutions-

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