Select Investment Milestones
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Jan, 2006
Sourced and advised on notable buyouts
Mar, 2007
Completed take-private of Sunterra; became foundation for Diamond Resorts
Jan, 2008
Raised Special Purpose Acquisition Corp. and within six months announced merger with Hughes Telematics, Inc., which closed in Mar, 2009
Jul, 2011
Sourced an investment from Wellington Management to facilitate a recapitalization of Diamond Resorts
Jul, 2012
Sold Hughes Telematics to Verizon
Jun, 2013
Raised capital to fund the initial launch of our insurances joint venture with Walmart
Jul, 2013
IPO of Diamond Resorts at $14/share
Jun, 2013
Raised capital to fund the initial launch of our insurances joint venture with Walmart
Jul, 2013
IPO of Diamond Resorts at $14/share
Oct, 2014
Launched second joint venture with Walmart called Directhealth.com, a national competitive healthcare insurance exchange
Dec, 2014
Given Trivergance experience in building and growing telematics businesses, Trivergance incubated and invested in UBICQUIA, a next-generation, integrated cloud-based Industrial Internet of Things (IIoT) platform that enables any business customer to easily design, deploy, and manage IIoT solutions that are cost effective, scalable, and secure. Ubicquia’s offering comprehensively addresses all aspects of IIoT by providing the required integrated software and hardware components to collect, compile, process, network, transmit, and visualize Big Data using any Cloud platform. www.ubicquia.com
Jan, 2015
Commercial launch of jointly-created venture with Verizon to offer advanced automotive aftermarket telematics solutions to consumers. Announced at Detroit Auto Show, Jan, 2015
Mar, 2015
Acility is the first investment by our Minority Business Enterprise, a joint venture platform between Trivergance and APCH (APCH.com). Acility is a technology-enabled platform that connects businesses with facilities maintenance requirements to 10’s of thousands of hyper local, critically reviewed contractors to perform 50 different trades of on premise work. Some say Acility is the Uber of the highly fragmented Facilities Maintenance industry, actively disrupting and reorganizing how services are provisioned in an on demand, technology-based and quality assured manner.www.acility.com
Mar, 2016
Trivergance led a buy-out of Clarus Commerce, a leader in subscription-based loyalty, eCommerce and rewards solutions. Clarus has developed a proprietary, flexible and scalable membership and benefit management technology platform that delivers to consumers and its “white-label” partners a suite of valuable benefits that drive enhanced loyalty and customer engagement. Clarus also offers its own portfolio of subscription commerce products including its flagship product, Freeshipping.com, as well as custom “white-label” loyalty programs that Clarus executes in a turn-key and holistic manner on behalf of its eCommerce retailers, payment companies and corporate clients. www.claruscommerce.com
Jan, 2015
Commercial launch of jointly-created venture with Verizon to offer advanced automotive aftermarket telematics solutions to consumers. Announced at Detroit Auto Show, Jan, 2015
Mar, 2015
Acility is the first investment by our Minority Business Enterprise, a joint venture platform between Trivergance and APCH (APCH.com). Acility is a technology-enabled platform that connects businesses with facilities maintenance requirements to 10’s of thousands of hyper local, critically reviewed contractors to perform 50 different trades of on premise work. Some say Acility is the Uber of the highly fragmented Facilities Maintenance industry, actively disrupting and reorganizing how services are provisioned in an on demand, technology-based and quality assured manner.www.acility.com
Oct, 2014
Launched second joint venture with Walmart called Directhealth.com, a national competitive healthcare insurance exchange
Dec, 2014
Given Trivergance experience in building and growing telematics businesses, Trivergance incubated and invested in UBICQUIA, a next-generation, integrated cloud-based Industrial Internet of Things (IIoT) platform that enables any business customer to easily design, deploy, and manage IIoT solutions that are cost effective, scalable, and secure. Ubicquia’s offering comprehensively addresses all aspects of IIoT by providing the required integrated software and hardware components to collect, compile, process, network, transmit, and visualize Big Data using any Cloud platform. www.ubicquia.com