Thoma Bravo Acquires Majority Stake in Apttus Deal Financials Transaction Overview On September 4, 2018, private equity firm Thoma Bravo announced its acquisition of a majority stake in Apttus, a provider of Configure-Price-Quote (CPQ) software built natively on Salesforce’s Force.com platform. Apttus has raised a total of $404 million from investors like Salesforce Ventures, IBM,…
Wisetech Global Acquires Trinium Technologies Deal Financials Transaction Overview On August 16, 2018, Australian logistics software provider Wisetech Global announced its acquisition of Trinium Technologies, a North American provider of intermodal trucking transportation management systems (TMS). Notably, Wisetech is valued at 26.2x LTM Revenue. This is significantly higher than its 15.1x multiple in September 2017,…
Atos Acquires Syntel for $3.6 Billion Deal Financials Transaction Overview On July 22, 2018, French IT services firm Atos SE (ENXTPA:ATO) announced its acquisition of Syntel, Inc. (NasdaqGS:SYNT), a Michigan-based IT services provider, in an all-cash deal valued at $3.6 billion. A Move to Enhance Atos’ Growth and Profitability Profile In the past three years,…
Synnex’s Concentrix Division Acquires Convergys Deal Financials Transaction Overview On June 28, 2018, Synnex’s Concentrix division announced its acquisition of call center giant Convergys in a cash/stock deal valued at $2.7 billion. This transaction strengthens Concentrix’s leadership position in the customer experience outsourcing industry and creates a premier global customer engagement services company. Concentrix’s Long…
Siris Capital Offers to Acquire Web.com Deal Financials Transaction Overview On June 22, 2018, private equity firm Siris Capital announced its all-cash acquisition of Web.com, a provider of website hosting and marketing services to small businesses. Under the terms of the agreement, Web.com may solicit alternative proposals from third parties during a “go-shop” period until…
Rockwell Automation Invests in PTC Deal Financials Transaction Overview On June 11, 2018, Rockwell Automation, a factory automation solution provider, made a $1 billion investment in PTC, a product lifecycle management and Internet of Things (IoT) software provider. As part of the transaction, Rockwell and PTC will also establish a strategic partnership that leverages Rockwell’s…
KKR Acquires BMC Software Deal Financials Transaction Overview On May 29, 2018, private equity firm KKR announced its acquisition of BMC Software, a provider of IT Operations and Service Management, outbidding fellow private equity firm Thoma Bravo. While IPO markets have opened up in recent months with software companies like Zuora and DocuSign going public,…
Adobe Acquires Magento Deal Financials Transaction Overview On May 21, 2018, Adobe announced its acquisition of Magento, a former private equity-backed B2C e-commerce software provider. The transaction signifies Adobe’s expansion outside of its successful digital media offering and into e-commerce. This concludes Adobe’s multi-year hunt for an e-commerce platform – Adobe was rumored to have…
Rackspace Acquires RelationEdge Deal Financials Transaction Overview On May 17, 2018, Rackspace announced its acquisition of RelationEdge, a Salesforce Platinum Consulting Partner and digital marketing agency. The transaction builds on Rackspace’s multi-cloud managed services capabilities, which has been the company’s strategic focus since its de-listing from the NYSE in 2016. RelationEdge Reaches a Rapid Exit…
Salesforce.com Acquires MuleSoft Deal Financials Transaction Overview On March 20, 2018, leading CRM software-as-a-service provider Salesforce.com announced its acquisition of MuleSoft, a provider of an application integration software platform. MuleSoft is Salesforce’s largest acquisition in its company history, with an enterprise value of $6.6 billion and a 36% premium over MuleSoft’s closing share price on…
CACI International Bids on CSRA Deal Financials Transaction Overview On March 18, 2018, U.S. government-focused IT services provider CACI International announced an offer to acquire CSRA, in an attempt to outbid General Dynamics’ $9.7 billion offer outlined in our earlier Spotlight. CACI’s bid consists of $15 per share in cash and 0.184 shares of common…
Bullhorn Acquires Talent Rover and Jobscience Deal Financials Transaction Overview On March 13, 2018, staffing software provider Bullhorn announced that it has acquired two Force.com-native staffing and recruiting software platforms, Talent Rover and Jobscience. These transactions follow Bullhorn’s acquisition of Force.com-native Connexys BV, a Dutch applicant tracking software provider, in September 2017. A Case Study…
General Dynamics Acquires CSRA Deal Financials Enterprise Value ($m): 9,705.1 EV / LTM Revenue: 1.9x EV / LTM EBITDA: 11.5x Transaction Overview On Feb 12, 2018, global aerospace and defense giant General Dynamics announced its acquisition of CSRA, a leading government IT business providing next-generation technology solutions to federal customers. With this transaction, General Dynamics…
Capgemini Acquires LiquidHub Deal Financials Enterprise Value (est. $m): ~$495m EV / Revenue (est. 2017): ~2.0x Transaction Overview On February 5, 2018, Capgemini announced its acquisition of LiquidHub, a digital customer engagement firm. The acquisition accelerates Capgemini’s geographic expansion into the US and demonstrates the company’s continued commitment to its strategy of executing tuck-in acquisitions…
SAP Acquires CallidusCloud Deal Financials Enterprise Value ($m): 2,394.3 Enterprise Value / LTM Revenue: 10.0x Transaction Overview On Jan 29, 2018, German enterprise software giant SAP announced its acquisition of CallidusCloud, a provider of cloud-based Sales Performance Management (SPM), Configure Price Quote (CPQ), and Contract Lifecycle Management (CLM) software. The transaction marks SAP’s expansion into…
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