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INDUSTRY:
Technology
WHAT:
TripleTree successfully negotiated the
strategic sale of TISCOR to Brady Corporation |
THE
ESSENTIALS:
Having previously engaged another technology focused
investment bank to pursue an acquisition, TISCOR
turned to TripleTree to renew strategic opportunities
based on taking a customized approach that articulated
a unique value proposition to different possible
acquirers. |


TISCOR is the industry-leading
provider of mobile workforce management solutions to
Global 1000 and mid-market companies. With an impressive
client base of over 4,000 companies and over 30,000
subscribers, TISCOR has grown to become one of the most
successful mobile / wireless application providers.
TISCOR’s mobile applications and technology platform
provides remote field service engineers and technicians
with a cost effective alternative to error-prone and
inefficient paper-based processes for scheduling/dispatching,
managing routine inspections, performing preventative
maintenance and break & fix work order fulfillment,
and generating analytical reports. The Company’s
mobile software solutions are used throughout the entire
facility – from manufacturing shop floor to executive
offices – and provide a complete identification,
data collection, and workforce management solution for
ensuring 100% compliance with occupational safety, physical
security, and regulatory compliance issues in addition
to facilitating effective asset management and ongoing
preventative / predictive maintenance.


In an effort to expand its market
position, TISCOR sought a strategic partner for accelerated
growth. Having previously engaged another technology
focused investment bank to pursue an acquisition, TISCOR
turned to TripleTree to renew potential strategic opportunities
based on taking a customized approach that articulated
a unique value proposition to different possible acquirers.
Such an approach was predicated on TripleTree’s
strategic insight and expertise in the wireless / mobile
technologies space as well as its unique ability to
apply its knowledge to a range of strategic partners
including global facilities management and industrial
leaders. Seeking to leverage a proven and successful
business model in the wireless / mobile space, TISCOR
sought a number of key objectives:

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Expand
and accelerate TISCOR’s growth and market
presence by aligning with a strategic partner who
has the resources and infrastructure to accommodate
a global presence. |

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Find a strategic
partner who shares TISCOR’s values and vision
for enhancing upon its leadership position in mobile
workforce management. |
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Create an environment
for professional growth for TISCOR employees. |
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Successfully negotiate
and structure a cash-based transaction that also
creates management incentives for additional consideration
/ value created through attainable near-term milestones. |


TripleTree successfully negotiated
the strategic sale of TISCOR to Brady Corporation (NYSE:
BRC), a global identification, safety, graphic systems
and specialty materials manufacturer that brought to
Brady complementary product offerings, global reach
and strong customer relationships. The strategic acquisition
provides TISCOR with a global infrastructure and an
opportunity to accelerate its expansion and market presence
by integrating TISCOR’s mobile software solutions
with Brady's products and technologies. Brady’s
acquisition of TISCOR provides a strong platform for
growth in the wireless / mobile space as well as an
immediate opportunity to cross-sell and up-sell Brady’s
products and technologies. Through a highly customized
approach, despite a difficult IT and wireless environment,
TripleTree helped to generate interest among various
strategic partners. Brady ultimately emerged as the
best partner given the Company’s strong presence
in all of TISCOR’s sectors and its plans to expand
upon the Company’s platform.

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