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Gemspring Capital to Acquire Cforia Software
Friday 31 July 2020

Connecticut, US-based private equity firm Gemspring Capital has acquired Cforia Software, Inc., a US-based order-to-cash (OTC) automation software provider, the company said.

Terms of the transaction were not disclosed.

D.A. Davidson and Co. served as exclusive financial advisor to Cforia Software, Inc.

Cforia Software, Inc. delivers working capital and accounts receivable automation software to customers, including many companies across the Fortune 2000.

Cforia's solutions leverage machine learning and artificial intelligence to deliver ROI outcomes through the reduction of various expenses typically associated with converting orders to cash.

McDermott Will and Emery acted as legal counsel to the buyer and Dykema acted as legal counsel to the seller.

D.A. Davidson's investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise.
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Date Published: 31/07/2020

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