VendEngine, Inc. to be Acquired by Tyler Technologies
Brentwood Capital Advisors Served as Exclusive Financial Advisor to VendEngine, Inc.
Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as exclusive financial advisor to VendEngine, Inc. (“VendEngine” or the “Company”), a privately-held cloud-based software provider focused on financial technology for the corrections market, in its recently-announced acquisition by Tyler Technologies, Inc. (NYSE: TYL) (“Tyler”). The transaction is expected to close in Q3 2021.
Headquartered in Nashville, TN, VendEngine provides a comprehensive cloud-based technology platform for correctional facilities in over 300 counties across 32 states. The Company provides essential tools and services for incarcerated people and their families—such as trust accounting, electronic grievances, video platforms and digital messaging services.
“Tyler is the perfect match for VendEngine, sharing our core values of integrity, focus, community, inclusion, growth, and accountability. Both of us have a deep commitment to clients and our customers and we are looking forward to accelerating our growth and making a positive impact on the corrections market. It is critical to us that we work together to support incarcerated individuals and give them the tools they need that will create success and work toward our ultimate goal of reducing national recidivism rates,” said Silas Deane, President & CEO of VendEngine, “BCA played a crucial role throughout the entire process and served as a trusted advisor to us, ultimately finding exactly the right partner for our company.”
“VendEngine’s market-leading financial technology solutions combined with its best-in-class team created a highly attractive and differentiated opportunity,” said John Allgood, Director at BCA. “We enjoyed working with Silas and the VendEngine leadership team, and we look forward to seeing the Company further its mission with Tyler, while making a difference in people’s lives.”
About Brentwood Capital Advisors
Headquartered in Franklin, Tennessee, Brentwood Capital Advisors is one of the nation’s leading independent investment banks, specializing in providing financial advice on mergers, acquisitions, corporate divestitures, and capital raising to growth-oriented, middle-market healthcare, technology, and tech-enabled services companies. For more information, visit www.brentwoodcapital.com.
VendEngine is a cloud-based technology provider focused on financial and communications technology for the corrections market. The Nashville, Tennessee-based company provides a suite of financial and communications applications ranging from deposit solutions for commissary, ordering, and warehouse technology to a host of informational, electronic communications, security, accounting, and financial trust management components for more than 300 correctional facilities across 32 states and the Caribbean. For more information, visit www.VendEngine.com.