Valsoft Corporation Inc. (“Valsoft”), a Montreal-based company specializing in the acquisition and development of vertical market software businesses, has acquired Professional Economics Bureau of America, Inc. (d.b.a XLDent) (“XLDent“), a leader in the dental practice management software market, based in Loretto, Minnesota.
Since 1971, XLDent has been supporting thousands of loyal customers across the United States. Their flagship practice management system provides dental offices with an intuitive, robust suite of tools built to optimize the clinic’s performance. The XLDent product line has expanded over the years to include a suite of fully integrated and interactive eSolutions and imaging tools, helping clinicians and their staff to optimize their workflow and productivity.
Dawn and Eugene Christodoulou are extremely proud of the company they, along with their employees, have built, and are optimistic about the company’s future.
“As a company specializing in vertical software, Valsoft not only ensures that our focus in the dental software space will be maintained but provides the opportunity to collaborate across verticals to build and improve the XLDent suite. We are extremely excited about the possibilities! This joining of talents offers incredible growth potential for the product, the company and our team,” remarked Dawn Christodoulou, President & Owner of XLDent.
Dawn and Eugene will ensure a smooth transition, confirming the combined XLDent and Valsoft team can pursue their mission to grow the business and advance its technology. The company will continue to develop and support their XLDent practice management system, as well as all other products and services, providing a robust software solution to customers.
Commenting on the acquisition, Stephane Manos, head of M&A and Co-Founder of Valsoft said, ”We are excited to enter the dental vertical with a family business built on a solid foundation and dedication to its customers, employees and community. We welcome XLDent’s customers, employees and partners into the Valsoft family, and look forward to the next steps of this important journey…. We will do our utmost to ensure that the Christodoulous’ legacy thrives and that customers continue to benefit from world class products and support.”
XLDent is dedicated to providing software solutions that focus on the success of its clients and enhancing the standard of patient care for improved patient outcomes. We are committed to the continual development of electronic dental health records, mobile solutions and Internet-based options in the current development environment with emphasis on proven technologies.
ABOUT VALSOFT CORPORATION
Valsoft Corporation acquires and develops vertical market software companies, helping each business to deliver the best mission-critical solutions for customers in their respective industry or niche. A key tenet of Valsoft’s philosophy is to invest in well-established businesses and foster an entrepreneurial environment that molds a company into a leader in its respective industry. Unlike Private Equity and VC firms, Valsoft does not have a pre-defined investment horizon and looks to buy, hold, and create value through long-term partnerships with existing management.
BCMS acted as the exclusive financial advisor to XLDent on this transaction. XLDent was represented by Amy Moss of Chamberlain Hrdlicka. Valsoft Corporation was represented internally by David Felicissimo, General Counsel and Pamela Romero, Paralegal.
The sale of XLDent is the latest transaction to demonstrate the favorable M&A environment in the greater healthcare industry.