D.A. Davidson & Co. Acts as Exclusive Financial Advisor to MobiChord In Its Investment from Periscope Equity
Summary
Based in Salt Lake City and founded in 2013, MobiChord is a leading provider of Technology Expense Management (TEM) software built natively on ServiceNow. The company’s SaaS solution automates the management of technology expenses, assets and services with digital workflows creating efficiencies and transparency for its growing enterprise customer base. For enterprise customers who are increasingly adopting ServiceNow to automate administrative workflows across their organizations, the MobiChord product suite provides a differentiated offering in the marketplace. MobiChord has achieved its growth through continuous product innovation, highlighted by its expertise in mobility to fixed-line workflows and by addressing the rapidly expanding need for cloud expense management. Our combined skillsets will enable us to further accelerate growth by expanding our go-to-market approach and continuing to enhance product innovation to deliver even more long-term customer value.” “Herbert and the MobiChord team did a great job executing on their business plan and setting the stage for a highly successful process,” said Greg Thomas, Managing Director at D.A.