TKO Miller Advises Dynamis on its Sale to Applied Systems, Inc.
MILWAUKEE, WI (October 23, 2018) – TKO Miller is pleased to announce the successful acquisition of Dynamis Software Corporation, a leading software solution provider to employee benefits agents in the US, by Applied Systems, the leading global provider of insurance agency management systems. TKO Miller acted as Dynamis’ exclusive financial advisor during the transaction.
Dynamis has developed a cloud-based SaaS solution that offers real-time insurance plan modeling for employee benefits insurance brokers. Applied Systems is committed to making further investments in the employee benefits market to drive continued product innovation and a more connected experience between insurance agencies, insurers, and the insured. Applied will continue to operate Dynamis’ current Milwaukee, WI office, and Dynamis CEO Andy Nunemaker will continue to be a leader in the employee benefits operations of the combined entity.
“We are pleased to have been the exclusive financial and strategic advisor to Dynamis Software Corporation,” said Tammie Miller, Managing Director at TKO Miller. “The acquisition gives Dynamis’ employees access to new expertise and resources and will add value for both Dynamis’ and Applied’s customers.”
Among Dynamis’ investors were the Wisconsin-based Golden Angel Investors, a leading Southeastern Wisconsin angel investor group focused on investing in early-stage healthcare and technology businesses to help them achieve growth. Dynamis marks the Golden Angel’s sixth successful exit. Dynamis’ success is a testament to both the Golden Angel’s track record as well as to the expanding technology/startup segment in Southeastern Wisconsin.
About TKO Miller
TKO Miller, LLC is a leading boutique investment bank focused on providing merger, acquisition, and other transaction advisory services for middle market businesses. TKO Miller is recognized nationally for its expertise in the healthcare, technology, and business service markets. TKO Miller’s eight professionals have extensive experience serving healthcare technology and service, software, business process outsourcing, and insurance/financial technology and service companies in Wisconsin and across the U.S. TKO Miller has a particular interest in working with regional start-ups and technology companies.