C.W. Downer & Co. Advises Seattle, WA-based SMITH on the Sale of

BOSTON, December 11, 2013 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that SMITH (formerly Ascentium), a digital experience agency and global commerce server provider, has sold to Sitecore Corporation A/S of Denmark. The transaction closed on November 15, 2013. The value of the transaction was not disclosed.

With offices in Seattle, WA, and Ottawa, ON, Canada, offers a comprehensive solution for e-commerce sites and web business applications. The company has over 3,000 B2B and B2C customers in retail, manufacturing & e-government industries. Sitecore plans to integrate the e-commerce engine into its industry leading Customer Experience Management (CXM) platform. Existing clients will have the option of incorporating the full Sitecore platform or continuing to use a standalone Commerce Server product.

“Our vision from the beginning has been to deliver a complete, connected experience platform that puts the customer at the heart of every interaction and engagement,” said Sitecore’s CEO, Michael Seifert, in a company statement. “With this acquisition, our customers can now add enterprise-scale e-commerce capabilities to create truly consistent and personalized experiences.”

“The entire team from C.W. Downer served as a truly collaborative strategic partner throughout the entire process. They got inside of the business and provided the guidance and orchestration that resulted in a successful transaction balancing the needs of the team, SMITH, Sitecore, and the entire Commerce Server ecosystem,” said Ryan Donovan, President and Chief Technology Officer of

“As a long-standing advisor to SMITH’s investors, board and stakeholders, this most recent transaction is one of several assignments C.W. Downer has with SMITH. Our client can now focus on its ‘pure play’ services capabilities and continue to accomplish its goals as one of North America’s leading independent digital experience agencies grounded in technology,” said Charles DelGrande, Managing Director and head of C.W. Downer & Co.’s Technology, Media & Interactive Services (TMIS) team.

Charles DelGrande (Managing Director) and Tristan Snyder (Senior Associate) advised SMITH on the divestiture.

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 38 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit

For Further Information:

Charles DelGrande, Managing Director
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Patti Allan, Marketing Director
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C.W. Downer & Co.
+1 617 482 6200

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