Financial details are not disclosed, although reports put the amount at between $32 million and $48 million.
The report goes on to say – without referencing any sources – that the deal values Rategain more than $160 million and that it is aiming to list on the Nasdaq with a valuation of more than one billion dollars.
TA Associates says that it has been watching Rategain for a while, liking its “compelling SaaS model…strong financial momentum and its high-quality and growing customer base.”
