Noblesville, IN (June 4, 2021) – EBB Group (“EBB”) is pleased to announce that Berenson Capital (“Berenson”), a sector-focused private equity practice investing in software & tech-enabled services businesses, acquired Interactive Digital Solutions (“IDS”), an Indiana-based provider of telehealth and other cloud-based visual communication solutions. EBB Group acted as the exclusive financial advisor to IDS.
IDS is a market leader in providing managed services related to remote visual communication. MedSitter is IDS’ next-generation turnkey virtual patient observation system. By addressing core human needs via robust technical features, MedSitter has experienced rapid hospital adoption, and significant program expansion within customer hospitals. MedSitter has experienced over 600% growth in units in service over the last year and is poised for significant further growth in the future.
Berenson Capital is the principal investing business of Berenson & Company, a leading merchant banking firm founded in 1990. Based in New York, Berenson Capital is a sector-focused private equity practice investing exclusively in Software & Tech-Enabled Services businesses. For more information, please visit www.berensonco.com.
EBB served as the exclusive financial advisor to IDS and assisted in structuring and negotiating the transaction on behalf of the company. This deal further demonstrates EBB Group’s leading position in advising founder-owned, middle-market companies across the tech-enabled services spectrum.
If you would like more information about EBB or have questions regarding the firm’s role in this transaction, please contact the project lead:
Timothy R. Binney*
Managing Director
(773) 960-8979
