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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