Mirus advises software-maker Ai Squared on sale to TICC
Mirus Capital Advisors, a middle-market investment bank served as the exclusive financial advisor to Ai Squared in its acquisition by Technology Investment Capital Corp. (NASDAQ: TICC) of Greenwich, CT, and together with an individual investor. Located in Manchester, VT, Ai Squared provides screen magnification software and related products that make computers accessible to visually impaired users by magnifying and speaking what appears on the screen.
“Ai Squared is the undisputed market leader in screen magnification software,” said Peter Alternative of Mirus Capital Advisors. “Its assistive technology products are relied on by individuals, government agencies, and corporations to enable people with low vision to do their jobs and be more productive.”
“The Mirus team was extremely effective and professional in engaging multiple buyers and positioning our business for sale,” said Ben Weiss, president of Ai Squared. “TICC fully shares my vision for product excellence, outstanding customer service, and continuing innovation. I am delighted Mirus steered this transaction to a successful conclusion with exactly the deal I wanted.”
About Ai Squared
Headquartered in Manchester, Vermont, Ai Squared is a worldwide leader in computer access solutions for the vision impaired. Ai Squared’s screen magnification and screen reading products dramatically improve a computer’s usability for the low vision user, raising their level of productivity, satisfaction and independence. The family of Ai Squared products includes ZoomText and BigShot.
Technology Investment Capital Corp. (TICC) is a publicly traded business development company principally engaged in providing capital to small to mid-size technology-related companies. While the structures of its financings vary, TICC looks to invest primarily in the debt of established technology-related businesses.
About Mirus Capital Advisors:
Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. For additional information, visit www.merger.com.Back to Transactions