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The sources cautioned that no deal is certain and asked not to be identified because the matter is confidential. Spokespeople for nCino did not immediately respond to requests for comment, while Insight Partners declined to comment. Shares of nCino ended trading in New York on Friday up 24% at $31.69 on the news, giving the company a market value of about $3.6 billion. Based in Wilmington, North Carolina, nCino offers cloud-based software to banks and financial institutions that helps digitize their processes, including around lending and deposit-taking. The company subsequently attracted several venture capital investors beyond Insight Partners, including Wellington Management, Salesforce Ventures, Bessemer Partners and T. Rowe Price.
Persons: nCino's, nCino, Rowe Price, Milana Vinn, David French, Daniel Wallis, Jonathan Oatis Organizations: nCino, Insight Partners, Wellington Management, Salesforce Ventures, Bessemer Partners, Thomson Locations: New York, Wilmington , North Carolina, North Carolina
NEW YORK, April 21 (Reuters) - EverCommerce Inc (EVCM.O), a private equity-backed management software vendor, is exploring a sale of the company after attracting acquisition interest, people familiar with the matter said on Friday. EverCommerce is working with investment bank Centerview Partners to explore its options, the sources said. EverCommerce shares jumped on the news and were trading up 15% at $13.27 on Friday morning in New York, giving the company a market value of $2.5 billion. PSG Equity and Silver Lake declined to comment, while EverCommerce and Centerview did not immediately respond to requests for comment. Based in Denver, Colorado, EverCommerce provides management software tools and services to companies, including in the healthcare and fitness sectors.
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