Prairie Capital VI Recapitalizes Applied Data Corporation (ADC)

September 3, 2021

Prairie Capital VI, LP partnered with CEO Shamus Hines and ADC management to complete a growth recapitalization of Applied Data Corporation (ADC). ADC, a Tampa-based provider of FreshIQ fresh item management SaaS deployed in over 20,000 locations across 120+ grocery and convenience chains, will use the investment to accelerate hiring, go-to-market, product development and pursue add-on acquisitions.

Buyers
Prairie Capital VI, LP, Management of Applied Data Corporation (led by CEO Shamus Hines)
Targets
Applied Data Corporation
Industry
Cloud & SaaS
Location
Florida, United States
Transaction Type
Recapitalization

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