DNN Corp, a Seattle-based leader in Content Management System software was acquired by ESW Capital to further invest in the CMS platform as well as the DNN open source ecosystem.
Founded in 2006, DNN's products and technology are the foundation for 750,000+ websites worldwide, with organizations like Bank of America, Aetna, True Value Hardware, Whirlpool, the US Department of Defense, and Sports Direct using their software to create, manage, and measure content.
DNN Corp was advised by Palmares Advsiors, an M&A advisory firm and member of Axial since November 2014. Palmares connected with ESW Capital through Axial in Q4 of 2016, which resulted in the deal. As of October 2016, DNN had $13.1M in sales and $3.4M in EBITDA.
ESW Capital, LLC, buys, transforms, and runs enterprise software companies. They've been an Axial member since May 2015 and this is their second closed deal through Axial.