Tuesday, January 16, 2018

OpenGate Capital Acquires Mersive

Los Angeles-based private equity investor OpenGate Capital has acquired Denver-based collaboration software developer Mersive, OpenGate said this mroning. Financial details of the acquisition were not announced. Mersive develops software used for collaboration and meetings, based on both laptops and mobile devices as well as immersive in-room displays. OpenGate said the buy is its seventh from its first institutional fund: the company also previously acquired Power Partners, Energi Fenestration Solutions, Bois & Materiaux, Alfatherm, EverZinc and Hufcor. Mersive was backed by 3M New Ventures, and was originally created as a research project funded by DARPA.

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