Steadfast Partners for Entrepreneurs in Information Technology

Descartes Acquires BestTransport Transaction Overview On August 21, 2019 Descartes Systems Group (NASDAQ:DSGX) announced its acquisition of BestTransport.com, Inc. (BestTransport) which provide cloud based transport management system (TMS) solutions. BestTransport offers a full suite TMS but has developed extensive capabilities for flatbed-intensive manufacturers and distributors. The idiosyncrasies of flatbed shipping require a tailored approach for…

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Syncsort Acquires Pitney Bowes’ Software Solutions Business Transaction Overview On August 26, 2019, Syncsort, the global leader in Big Iron to Big Data software announced that it had signed a definitive agreement to acquire Pitney Bowes Software Solutions business. Pitney Bowes is a global technology company that offers products and solutions which enable commerce in…

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BC Partners Acquires Presidio, Inc. Transaction Overview On August 14, 2019, North American IT solutions provider Presidio, Inc. announced that it has entered into a definitive agreement to be acquired by BC Partners for $2.1 billion, including Presidio’s net debt. Based on the terms of the transaction, Presidio’s shareholders will receive $16 per share, representing…

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Salesforce.com Acquires ClickSoftware Deal Financials Implied Enterprise Value ($m): $1,400.0 Transaction Overview On August 7, 2019, Salesforce.com announced its acquisition of ClickSoftware Technologies, a global leader in AI-powered field-service and workforce management software provider headquartered in Burlington, MA. Salesforce began talks to acquire ClickSoftware in January 2019, but the deal was cancelled in late February…

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LinkedIn Acquires Drawbridge Deal Financials Implied Enterprise Value ($m): ~300.0 Transaction Overview On May 28, 2019, employment-oriented social network LinkedIn acquired Drawbridge, a provider of marketing solutions and analytics using machine learning and artificial intelligence. Notably, Sequoia Capital was an initial investor in both LinkedIn and Drawbridge’s Series A rounds. Sequoia invested in four of…

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3i Group invests $179M in Magnitude Software Deal Financials Implied Enterprise Value: $340M Recapitalization: $179M Enterprise Value / Revenue: – Transaction Overview On March 19, 2019, 3i Group invested $179M in Magnitude Software alongside Chairman and CEO of Magnitude Chris Ney and other senior executives. The UK based PE firm looks to help facilitate global…

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Salesforce Acquires MapAnything Deal Financials Total Consideration to Shareholders ($m): 225.0 Implied Equity Value ($m): 261.6 Transaction Overview On April 17, 2019, Salesforce.com announced its acquisition of MapAnything, the leader of Location-of-Things (LoT) solutions, to enhance its Sales and Service Clouds with a market-leading, geo-analytical, intelligence platform. Salesforce owned 14% of MapAnything prior to acquiring…

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L&T Acquires Majority Stake In Mindtree Limited in Hostile Takeover Deal Financials Transaction Overview Over the course of the last four months, Larsen and Tourbo (L&T) has performed a hostile takeover of Mindtree Limited, with today’s report announcing that L&T has now acquired majority stake. Despite constant push-back from Mindtree to keep control of its…

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Capgemini Acquires Altran for $4.1 Billion Deal Financials Transaction Overview On June 24, 2019, French IT services and digital transformation leader Capgemini SE (ENXTPA:CAP) announced its $4.1 billion acquisition of Altran Technologies (ENXTPA:ALT), a French engineering and R&D services company. The all-cash deal will be priced at $15.96 per share, a 22% premium from Altran’s…

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Salesforce.com Acquires Tableau Deal Financials Transaction Overview On June 10, 2019, Salesforce.com announced its $15.7 billion acquisition of Tableau, a Seattle headquartered data analytics and visualization platform provider. The all-stock deal involves exchanging Tableau’s Class A and Class B share for 1.103 shares of Salesforce common stock. This values the offer at $177.88 per share,…

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Salesforce.com (SFDC) Q4 FY19 Earnings Call: Key Takeaways Financials Enterprise Value: $120 billion Annualized Recurring Revenue (ARR): $13.5 billion Enterprise Value / LTM Revenue: 9.4x YoY Growth Rate: 26% Enterprise Value / ARR: 8.9x Gross Margin: 74% Following are the key takeaways for ISVs and System Integrators/Consulting Partners active in the SFDC ecosystem. Salesforce is…

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ServiceMax Acquires Zinc Deal Financials Transaction Overview On February 26, 2019, Salesforce-native field service management software provider ServiceMax announced its acquisition of Zinc, a mobile communication platform for the field service workforce. Notably, both ServiceMax and Zinc have raised growth equity capital from GE Ventures and Emergence Capital. A Force.com Billion Dollar Success Story –…

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Simplus Raises $20m Series C and Acquires Sqware Peg Deal Financials Transaction Overview On January 30, 2018, Quote-to-Cash-focused (QTC) Salesforce services provider Simplus announced its $20 million Series C and acquisition of Sqware Peg, an Australia-based Platinum Salesforce Consulting Partner. Salesforce Ventures is an investor in both Simplus and Sqware Peg. The $20m series C…

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SAP SE Acquires Qualtrics Deal Financials Transaction Overview On November 11, 2018, SAP SE (DB:SAP) announced its acquisition of Qualtrics International Inc. (NasdaqGS:XM), a Utah-based experience management software provider for feedback and data analysis, for $8 billion in an all-cash deal, snapping up the company before its planned IPO. The deal playbook is similar to…

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DXC Acquires TESM and BusinessNow Deal Financials Transaction Overview On October 5, 2018, DXC Technology (NYSE:DXC) subsidiary Fruition Partners announced two system integrator acquisitions: TESM Limited, a UK-based ServiceNow partner; and BusinessNow, the largest independent ServiceNow partner in the Nordic region. TESM is a global ServiceNow Gold partner founded in 2013, with over 200 ServiceNow…

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