BOSTON–(BUSINESS WIRE)–EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, announced today the pricing of an underwritten public offering of 8,000,000 shares of its common stock at a public offering price of $19.00 per share, before deducting underwriting discounts and commissions, all of which are being sold by certain of EngageSmart’s stockholders, including affiliates of General Atlantic, L.P. and Summit Partners and certain members of the Company’s management. Certain of the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The Selling Stockholders will receive all of the proceeds from the offering. EngageSmart is not selling any of its shares in the offering and will not receive any of the proceeds from the sale of shares in the offering. The offering is expected to close on March 3, 2023, subject to the satisfaction of customary closing conditions.
Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are acting as joint book-running managers for the offering. Deutsche Bank Securities, Raymond James, Truist Securities, and William Blair are acting as book-runners for the proposed offering. KeyBanc Capital Markets, Needham & Company, Penserra Securities LLC, R. Seelaus & Co., LLC and Roberts & Ryan are acting as co-managers for the offering.
About EngageSmart
EngageSmart is a leading provider of vertically tailored customer engagement software and integrated payments solutions. Our mission is to simplify customer and client engagement to allow our customers to focus resources on initiatives that improve their businesses and better serve their communities. EngageSmart offers single instance, multi-tenant, true Software-as-a-Service vertical solutions, including SimplePractice, InvoiceCloud, HealthPay24 and DonorDrive, that are designed to simplify its customers’ engagement with their clients by driving digital adoption and self-service. As of December 31, 2022, EngageSmart serves approximately 99,300 customers in the SMB Solutions segment and approximately 3,300 customers in the Enterprise Solutions segment across several core verticals: Health & Wellness, Government, Utilities, Financial Services, Healthcare, and Giving.
