Denver software firm Concept3D Inc. has acquired Silver Spring’s Localist, known for its campus events software platform.
Localist CEO Mykel Nahorniak will remain with the company he founded through the end of the year, and the firm will retain its brand under the Concept3D umbrella. Terms of the deal, which closed Tuesday, were not disclosed.
Concept3D said it received capital to purchase Localist from Level Structured Capital, an affiliated fund of New York private investment firm Level Equity focused on software companies.
Launched in Baltimore in 2009, Localist’s software helps centralize events information for its clients, about 80% of which are colleges and universities, the company said. It also serves state and local government tourism boards and the health care industry, including large hospital systems like New York Presbyterian and CommonSpirit Health — formed by the merger of Catholic Health Initiatives and Dignity Health.
Concept3D creates virtual tours and interactive…
Read the full story from the Washington Business Journal.
