Scale Finance Closes Sale of nVentive Software to Blue Sky Factory, Inc. – Charlotte


Dave Gilroy, Managing Director of Scale Finance LLC, announces the successful closings of two M&A transactions, one including a major institutional equity raise. With both clients, Mr. Gilroy has provided exclusive transaction advisory services and managed senior Controller support:

  • US HIFU Acquisition of Focus Surgery, Inc. USHIFU, LLC (www.internationalhifu.com), the distributor and provider of non invasive high intensity focused ultrasound for prostate cancer, completed the acquisition of Focus Surgery, Inc. (FSI) of Indianapolis, IN, the creator and manufacturer of the Sonablate 500, an image‐guided acoustic ablation device. Mr. Gilroy advised on the closing of this M&A transaction, managed the supporting equity capital raise with a large healthcare institutional investor, and supported the closing diligence process with Senior Controller support.
  • Sale of nVentive Software to Blue Sky Factory, Inc. nVentive Software (www.ntarget.com), a fast-growing NC-based email marketing firm focusing on the hospitality, travel/tourism, retail and ecommerce sectors was purchased by Baltimore-based Blue Sky Factory, an industry leading email marketing solutions provider. Financial terms of the deal were not disclosed. Mr. Gilroy managed the strategic sale process for nVentive Software and provided financial management support to the company as well.

Scale Finance LLC Co-Founder and Managing Director, Dave Gilroy, comments, "these closed transactions are representative of the focus of our firm – integrated and high-impact financial support for growth companies with major transactions (equity or subordinate capital raises, M&A) in progress. Our professionals have now closed 8 similar transactions in the past 11 months. And we continue to provide exceptionally costefficient CFO/Controller services to a wide range of businesses in NC and SC."

*Transactions closed by current Scale Finance professionals under GrowthFinance LLC banner