StormSource, LLC
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StormSource, LLC - overview
Established
2001
Location
Scottsdale, AZ, US
Primary Industry
Software
About
StormSource, LLC offers a sophisticated online appointment scheduling platform that enhances time management and client engagement for businesses across multiple sectors, including healthcare and education. StormSource, LLC was founded in 2001 in Scottsdale, US. The company specializes in providing online appointment scheduling solutions to enhance appointment management. In December 2020, StormSource, LLC was acquired by DaySmart Software, Inc.
from Greybull Stewardship, which allowed the company to bolster its product development. Bob La Loggia remains the CEO of StormSource, LLC, continuing his leadership role since its founding. The company has closed two deals to date, with the most recent transaction occurring in December 2020. AppointmentPlus is a leading provider of online appointment scheduling solutions designed to streamline the booking process for businesses across various industries.
Its core product is a robust scheduling platform that facilitates appointment management, allowing users to create, modify, and track appointments efficiently. The platform is tailored to address the challenges faced by businesses regarding time management and customer engagement, making it suitable for sectors such as healthcare, beauty, fitness, education, and professional services. AppointmentPlus serves a diverse client base that includes small businesses, mid-sized enterprises, and large organizations, providing end users with tools that enhance scheduling efficiency and improve client relationships. The services are offered primarily in North America and Europe, catering to a broad array of markets that demand reliable and user-friendly appointment solutions.
AppointmentPlus generates revenue through a subscription-based pricing model tailored to meet the varying needs of its customers. This transactional structure includes multiple tiers of service, allowing clients to choose plans that align with their operational scale and complexity. Flagship offerings may encompass features such as automated reminders, online payments, and customizable booking pages, which are charged at different price points based on the functionalities selected. The company has established partnerships with other businesses to enhance its service offerings, ensuring a steady revenue stream while providing value to its clients.
Direct transactions between AppointmentPlus and its clients signify a B2B approach, fostering long-term relationships based on a commitment to improving appointment management efficiency. The acquisition by DaySmart Software, Inc. in December 2020 will enable StormSource, LLC to enhance its product development, focusing on launching new features and improving existing services. Plans to expand into new markets are underway, with specific targets set for growth in North America and Europe by 2025.
The funding from the acquisition will support these initiatives.
Current Investors
LLR Partners, Parthenon Capital , DaySmart Software, Inc.
Primary Industry
Software
Sub Industries
Systems Management Software, HR & Workforce Software, Application Integration Software
Website
www.appointmentplus.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
StormSource, LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | StormSource, LLC | - | ||||||||
| Growth | Completed | StormSource, LLC | - |
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