Performant Capital acquires De – GuruFocus.com

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CHICAGO, June 29, 2022 (GLOBE NEWSWIRE) — Performant Capital, a Chicago-based private equity firm focused on investing in technology-driven companies, today announced that it has acquired Design Manager from 1stDibs (DIBS), a leading marketplace for extraordinary pattern businesses. Design Manager is a leading provider of project management and accounting software for the interior design industry.

Founded in 1984, Design Manager has been serving leading interior design firms for over 40 years. The company offers a comprehensive workflow software solution and customers use the platform to manage design projects totaling $2 billion in billings per year. The Design Manager product offers a set of features particularly suited to improving efficiency and increasing profitability for interior design businesses.

“Design Manager is a comprehensive product and serves a group of clients who represent the best in the interior design industry. We are excited to provide an investment in this technology platform to deliver an even better product to clients,” said Jeff Dillon, Partner at Performant Capital.

“Design Manager has performed very well since we acquired the business in 2019. Given our focus on areas such as auctions and international expansion, we made the decision to seek an owner who was both capable and excited to increase investment in Design Manager. We are delighted to have found this in Performant Capital. The company has thoroughly researched the market opportunity and intends to invest in the business to ensure its continued success,” said David Rosenblatt, CEO of 1stDibs.

Performant continues to seek best-in-class software platforms in the interior design space that would expand Design Manager’s offering.

About Design Manager
Design Manager is the leading project management and accounting software for interior designers. Founded in 1984 to meet the demands of local interior design businesses, it has grown into a nationally recognized software company. Design companies have specific needs that conventional software cannot meet and Design Managers offers a product dedicated to these needs. Design Manager provides software that saves time and improves profitability, while eliminating countless hours of paperwork.

About 1stDibs
1stDibs is a leading luxury marketplace for extraordinary design, connecting design enthusiasts around the world with coveted sellers and manufacturers of vintage, antique and contemporary furniture, home decor, artwork, jewelry, watches and fashion.

About Performing Capital
Performant Capital is a Chicago-based lower-middle-market private equity firm focused on investing in technology-driven companies. Performant acquires businesses across SaaS, technology services, and data intelligence products and services. With more than 50 years of collective investment and operating experience in these industries, Performant’s leaders seek opportunities where its investment depth, operational expertise and network of partners can have a meaningful impact on the performance. For more information on Performant Capital, visit www.performantcapital.com.

CONTACTS:

Performing Capital:
Michel Ciaglia
[email protected]

1st Dibs:
Hurry:
Jennifer Miller
[email protected]

Investor Relations:
Kevin LaBuz
[email protected]

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