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FileHold Case Study
FileHold has been acquired by Keymark

Transaction Description:

FileHold Systems delivers enterprise-grade document and records management software designed to streamline operations. By eliminating paper-based processes, the platform enhances collaboration, accelerates document retrieval, and ensures secure and accessible storage of critical records.

Case Study

The Challenge

  • Founded in 2005, FileHold was built as an intuitive, web-based document management solution following a model similar to Amazon’s delivery approach.
  • The founder, now past retirement age, was no longer interested in day-to-day operations but wanted to ensure the business continued to thrive under new ownership.
  • Key goals included finding a buyer who would:
    • Grow the company and advance the technology.
    • Support the existing customer base.
    • Retain as much of the current staff as possible.
The Solution
  • Despite offering competitive technology and strong recurring revenue, FileHold’s total revenue placed it on the lower end of the market.
  • Our advisor, with deep industry expertise, sought a strategic buyer who:
    • Understood the document management space.
    • Had the infrastructure to integrate FileHold’s offerings.
    • Was open to acquiring a company located outside the U.S.
  • A complex, highly structured deal wasn’t viable; the buyer needed to be financially capable and able to integrate quickly with the existing team.
The Results
  • Although multiple offers were received, most failed to meet the founder’s criteria for valuation, deal structure, and cultural fit.
  • A successful match was found with a buyer who acquired 100% of the business.
  • The buyer is already introducing FileHold’s technology to their existing clients.
  • The entire staff was retained, including a shareholder who continues to serve as CTO.

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Howard Perea

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Mike Olson

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