Growth-oriented Venture Fund Acquires Leading Provider of Product Information Management Software
STERLING, Va. — March 19, 2015 — EnterWorks®, Inc., a market leader in solutions for acquiring, managing and transforming a company’s product information into persuasive content for multi-channel sales, today announced that the company has been acquired by Black Dragon Capital, LLC, a growth-oriented venture fund. Black Dragon Capital focuses on investment opportunities in e-commerce, financial technologies and related industries. SilverCloud Partners, led by Paul Plaia III, acted as sole financial advisor to EnterWorks. Financial terms of the transaction were not disclosed.
Warren Jones, President of EnterWorks, noted that the transaction represents an exciting new chapter for EnterWorks and stated, “Black Dragon Capital is an exceptionally strong partner and a perfect strategic fit for EnterWorks. We’ve maintained our customer focus as we’ve grown, and this transaction ensures we’ll be able to expand our market presence while continuing to meet our customers’ rapidly evolving needs in new and innovative ways. Our proven products and dedicated employees are poised for numerous strategic growth opportunities.”
EnterWorks has seen consistent growth in new licenses over the past two years, adding manufacturing, distribution and retail customers in business products, digital products, hard lines, consumer products and more. The rise in omni-channel commerce has led many companies to realize the essential role product information management plays in organizing, enriching, and differentiating their product information across every selling channel.
“EnterWorks has built a strong business that creates significant value for its customers, offering outstanding customer service and innovative products that help customers grow their businesses. We look forward to helping them continue to deliver an industry-leading solution that helps companies meet their increasingly complex product information challenges,” stated Tim Greenfield, Partner and CFO of Black Dragon Capital.
The new corporate entity, EnterWorks Acquisition, Inc., will do business as EnterWorks. All employees of EnterWorks, Inc. have accepted positions with the new company.
EnterWorks® Enable software acquires, manages and transforms a company’s product information into persuasive content that drives higher sales and new competitive strengths. By leveraging a company’s products, associated images and videos, brands and other marketing assets, EnterWorks Enable delivers powerful selling content accurately and consistently through e-commerce Web, mobile and print channels.
EnterWorks customers include some of the world’s largest distributors and wholesalers in business products, electronics, medical supplies, HVAC/R products, hard lines and other industries. These customers use EnterWorks Enable to import product information faster, enrich it through enterprise collaboration, and deliver it automatically in the format required by each selling channel.
EnterWorks Enable has become the proven solution for both product information management and master data management for multi-channel marketing and sales. For more information, visit www.enterworks.com.
About Black Dragon Capital, LLC
Black Dragon Capital is a growth-oriented venture fund focused on investment opportunities in e-commerce, financial technologies and related industries. Its founder Louis Hernandez, Jr. and team-industry professionals have significant operational experience, strong financial backgrounds, proven track records of success and investment experience ranging from startups through LBO’s and IPO’s with over 100 transactions completed. BDC offers a strategic difference with its real operating advice, C-level executives as partners and substantial experience in all phases of growth, as well as, significant international domain expertise.