News Feed Item

B. Riley Acts as Exclusive Financial Advisor to Lexipol in Connection with its Corporate Sale to The Riverside Company

LOS ANGELES and ORANGE COUNTY, Calif., Aug. 22, 2014 /PRNewswire/ -- B. Riley & Co., LLC, ("B. RILEY") (www.brileyco.com) a leading investment bank providing a full array of corporate finance, research, sales and trading services, served as exclusive financial advisor to Lexipol, LLC in its acquisition by private equity group, The Riverside Company.  Terms of the transaction, which closed August 21, 2014, were not disclosed.

B. Riley & Co. Logo

B. RILEY initiated, structured and negotiated the transaction on behalf of Lexipol and its shareholders.  The transaction team was led by Senior Managing Director Greg Presson, Managing Director Adam Little, Vice President Grant Hustedt and Analyst Noah Franz.

"Lexipol's board of directors and majority shareholders selected B. Riley to represent the Company after a rigorous and extensive financial advisor interview process.  As a result of their significant experience with SaaS based companies and proven track record for maximizing corporate valuations for their clients, B. Riley distinguished themselves as the clear choice to represent our company," said Ron Wilkerson, Lexipol's Chief Executive Officer. 

"B. Riley's expertise in and relationships within the software sector and public safety markets proved tremendously valuable," he added.  "Their knowledge of exactly which strategic corporate buyers and private equity groups were actively pursuing acquisitions of companies similar in profile to Lexipol proved key to identifying the right buyer for the company."

B. RILEY maintains a dedicated team of highly experienced professionals in both the software and homeland security sectors who understand the unique characteristics of both industries. It has relationships with decision makers of prominent industry leading companies as well as institutional investors with specific industry interests and industry portfolio holdings. 

Aliso Viejo, CA-based Lexipol (www.lexipol.com) is the leading provider of risk management and training solutions that enables public safety organizations (e.g. law enforcement, fire and custody) throughout the U.S. to reduce risk, avoid costly litigation, and operate more efficiently and effectively.  Lexipol offers comprehensive and proprietary public safety policy content creation, digital policy manual management, and regular policy updates and certifiable daily training against policy.  The Company is the trusted policy manual and related training source to over 1,700 U.S. public safety agencies.

The Riverside Company (www.riversidecompany.com or www.riversideeurope.com) is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 345 transactions. The firm's international portfolio includes more than 70 companies.  It is based in Cleveland, Ohio.

About B. RILEY:  

B. Riley & Co. LLC, (B. RILEY) is a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, and mergers and acquisitions advisory to public and private companies. The firm is nationally recognized for its highly ranked proprietary equity research.  

B. RILEY recently combined with Great American Group, Inc. (OTCBB:GAMR), a leading provider of advisory and valuation services, asset disposition and auction solutions, capital investment, and real estate advisory services.

B. RILEY is headquartered in Los Angeles and maintains offices in New York, San Francisco and Newport Beach.  It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com or call 310-966-1444.

Logo - http://photos.prnewswire.com/prnh/20130510/LA11405LOGO

SOURCE B. Riley & Co., LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Donna Yasay, President of HomeGrid Forum, today discussed with a panel of technology peers how certification programs are at the forefront of interoperability, and the answer for vendors looking to keep up with today's growing industry for smart home innovation. "To ensure multi-vendor interoperability, accredited industry certification programs should be used for every product to provide credibility and quality assurance for retail and carrier based customers looking to add ever increasing num...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
The Open Connectivity Foundation (OCF), sponsor of the IoTivity open source project, and AllSeen Alliance, which provides the AllJoyn® open source IoT framework, today announced that the two organizations’ boards have approved a merger under the OCF name and bylaws. This merger will advance interoperability between connected devices from both groups, enabling the full operating potential of IoT and representing a significant step towards a connected ecosystem.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...