smartShift Inc.
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smartShift Inc. - overview
Established
2002
Location
Boston, MA, US
Primary Industry
Software
About
Based in Massachusetts, US, and founded in 2002 by EVP Stefan Hetges, smartShift Inc. operates as a developer of automation technology for modernizing strategic business processes with software solutions. In September 2023, a consortium of investors led by Ridgemont Equity Partners, along with the company's management, acquired smartShift Inc. through a recapitalization deal.
smartShift Inc. provides clients to upgrade their SAP systems through solutions such as data-driven custom code analysis, transformation algorithms, automation technology intelligence, dual maintenance, clean core realizations, and many more. The company offers a variety of services such as code stability and resilience, code decommissioning, code security, and many more. As of 2023, the firm’s client base includes Zurich, Entergy, BMW, Valero, P&G, Penn, Vitra, CenturyLink, and many more.
Current Investors
Ridgemont Equity Partners
Primary Industry
Software
Sub Industries
Systems Management Software, Analytics & Performance Software
Website
www.smartshift.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
smartShift Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Completed | smartShift Inc. | - |
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