Planet DDS completed its acquisition of Cloud 9 Software, allowing the company to provide a stronger single-vendor solution to support practices.
Planet DDS completed the acquisition of Cloud 9 Software from Accel-KKR, an investment firm focused on software and tech-enabled businesses.
The acquisition of Cloud 9 allows Planet DDS to continue to grow as a multi-specialty dental software platform while adding the strength and experience of Cloud 9 in orthodontic and pediatric practice management software.
With the addition of Cloud 9, the company can provide a more robust single-vendor solution to support multi-specialty and single-specialty practices.
“The addition of Cloud 9 Software deepens our understanding and ability to serve the unique needs of orthodontic and pediatric care practices,” said Eric Giesecke, chief executive officer of Planet DDS. “Our consistent growth and leadership in cloud-based dental software has always been rooted in our ability to anticipate the needs of our customers, and we are thrilled to welcome Cloud 9 and its experienced team who will help us continue this mission.”
Cloud 9 software will continue to accelerate and expand on its mission to boost practice productivity and the efficacy of patient care.
“Having been in the cloud since the founding of our company, we see an incredible opportunity to rethink how dental practices operate,” said Mike Ressel, Cloud 9 CEO. “Joining Planet DDS, we continue to be well positioned and resourced to lead this remarkable shift to the cloud on behalf of our orthodontic and pediatric practice customers. I could not be more excited for this partnership and what we can accomplish together.”
Planet DDS is backed by the private investment firms Level Equity and Aquiline Capital Partners. Goodwin Procter was the legal advisor to Planet DDS, Aquiline, and Level Equity. Lincoln International acted as an exclusive financial advisor and DLA Piper as legal counsel to Accel-KKR and Cloud 9.
Financial details of the transaction were not disclosed.
