Tendril

Canaccord Genuity is pleased to announce that on December 4, 2018, Tendril, a leading provider of Home Energy Management (“HEM”) solutions to the utility industry, secured a majority investment from Rubicon Technology Partners.  Rubicon is a private equity firm specializing in investments in lower middle market companies operating in the technology sector with a focus on enterprise software. Morgan Stanley Alternative Investments and ZOMA Capital also are joining Rubicon with minority investments. The funding will be used to accelerate Tendril’s growth through technology innovation, sales expansion and the pursuit of acquisition opportunities.

Canaccord Genuity served as exclusive financial advisor to Tendril and its Board of Directors in connection with the transaction.  The transaction terms were not disclosed.

The Canaccord Genuity team consisted of Dan Coyne, Marc Marano, Chris DiPietro, Austin Murphy and Taylor Murphy.