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Success Stories
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MECA Software
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MECA Software, Inc. was acquired by Dolphin Capital in 1987. At the time of its acquisition, MECA was a single product software company serving customers in the emerging personal financial software market with annual sales of $4 Million. Under Dolphin Capital's leadership MECA's product suite expanded to include a broad suite of personal finance (Managing Your Money) and income tax preparation products (TaxCut). The company achieved a successful IPO in 1990 and was sold to H&R Block in 1993.
- Financial Highlights
- Acquired for ~$1.2 million in 1987 in a leveraged buy-out
- Grew revenues from $4 million to ~$40 million
- Successful IPO in 1990 with 7x oversubscription
- Sold to H&R Block in 1994, 30x return to investors
- Product Highlights:
- Won every major award for software excellence including PC Magazine Editor's Choice, PC World Best in Class, and PC/Computing MVP.
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