FRAMINGHAM, MA, December 13, 2018 – Rave Mobile Safety (Rave), a trusted partner for safety software protecting millions of individuals, today announced the acquisition of SwiftReach Networks (SwiftReach), a leading provider of emergency notification and incident management solutions. The combination of Rave and SwiftReach will provide wide-ranging capabilities and unmatched infrastructure to ensure optimal communications under the most demanding circumstances.
Todd Piett, CEO of Rave, said, “The addition of SwiftReach and its FCC-licensed carrier class network gives us best-in-class message delivery, which provides customers with unmatched service levels. Rave is most needed by our customers during emergencies and we continue to protect them by leading the way in reliability.”
The combined company will serve nearly 5,000 customers across state and local public safety agencies, education and health care organizations, utilities, federal agencies, and a wide spectrum of corporate clients.
Q Advisors LLC, a global TMT investment banking boutique, acted as the exclusive financial advisor to SwiftReach and its shareholders in connection with this transaction.
Read the full announcement here.
We have worked with the team at Q Advisors for many years now. They have advised us on multiple buy-side and sell-side transactions in the last two years. The Q Advisors team is extremely knowledgeable and did a great job managing our process and, ultimately, the sale of our emergency notification business to Rave Mobile Safety. Working together as an extension of our management team, they obtained an attractive outcome for us with a great organization. I look forward to working with the Q Advisors team in the futureKevin Alward – CEO - SwiftReach Networks Inc.