Acquisition allows the company to better serve the needs of orthodontic and pediatric practices
Planet DDS, the leading provider of cloud-based dental software, today announced it has 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 its strong growth path as a multi-specialty dental software platform while adding the strength and experience of Cloud 9 in orthodontic and pediatric practice management software.
The Planet DDS dental software platform, with the addition of Cloud 9, will be able to provide a stronger single vendor solution to support the growth and operational success of both 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, CEO 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.”
Joining Planet DDS, 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 Cloud 9 CEO Mike Ressel. “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.”
“Dental practices deserve the best in technology to be efficient, stay competitive and deliver exceptional patient care,” said Phil Cunningham, Managing Director of Accel-KKR, which invested in Cloud 9 in 2019. “The addition of Cloud 9 to Planet DDS’s one-stop cloud-based solution will provide a compelling value proposition for practices. It has been a pleasure working alongside Mike and the dedicated team to scale Cloud 9, and we wish the new partnership continued success.”
Planet DDS is backed by Level Equity, a private investment firm focused on providing capital to rapidly growing software and technology-driven businesses, and Aquiline Capital Partners, a private investment firm based in New York and London that invests across financial services and technology. Goodwin Procter acted as legal advisor to Planet DDS, Aquiline and Level Equity. Lincoln International acted as exclusive financial advisor and DLA Piper as legal counsel to Accel-KKR and Cloud 9.
Additional details of the transaction were not disclosed.
