ENGAGESMART (ESMT) SHAREHOLDER ALERT - Andrews & Springer LLC Is Investigating EngageSmart, Inc. For Potential Breaches of Fiduciary Duty

WILMINGTON, Del.--(BUSINESS WIRE)--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of EngageSmart, Inc. (NYSE: ESMT) (“EngageSmart” or the “Company”) relating to the sale of the Company to private equity firm Vista Equity Partners. On October 23, 2023, the two parties announced that they reached an agreement in principle pursuant to which Vista will acquire EngageSmart in a going private merger. As a result of the merger, Inovalon shareholders are only anticipated to receive only $23.00 per share in cash in exchange for each share of EngageSmart.

Our Firm's investigation so far has discovered that the merger appears to have significant conflicts of interest, thus making the process and consideration unfair. While the Company claims that shareholders will receive a premium for their shares, the deal consideration is less than the $30.00 per share price target set by Truist Securities on October 5, 2023, just weeks before the announcement of the merger. The deal consideration is also less than the $25.70 per share price target set by Baptista research set on October 9, 2023.

If you currently own shares of EngageSmart and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/engagesmart-merger-class-action/ or contact Craig J. Springer, Esq. at [e-mail], or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.