Salesforce.com (SFDC) Q2 FY21 Earnings Call: Key Takeaways Financials Enterprise Value: $191.2 billion Annualized Recurring Revenue (ARR): $19.4 billion Enterprise Value / LTM Revenue: 9.5x YoY Growth Rate: 31.6% Enterprise Value / ARR: 9.9x Gross Margin: 74.5% Despite the COVID -19 pandemic, Salesforce just posted its best-ever quarter Milestones include its first-ever $5B quarter (29%…
Endava Acquires ComTrade Digital Services Transaction Overview On August 17, 2020, Endava, a provider of agile transformation services, announced its acquisition of ComTrade Digital Services (CDS), formerly a division of UK-based ComTrade Group. Headquartered in Dublin, Ireland, CDS is a provider of software engineering services and solutions including cloud, customer experience & design, digital security,…
Cognizant Acquires New Signature Transaction Overview and Rationale On July 28, 2020, Cognizant announced an agreement to acquire Microsoft cloud partner New Signature New Signature provides cloud computing and IT services and support. As a Microsoft cloud partner, they offer Microsoft infrastructure technologies, learning, technology management and web design/development The acquisition expands the company’s hyperscale…
NoteVault, Inc Acquired by Bentley Systems Transaction Overview On June 3, 2020 Bentley Systems announced its acquisition of NoteVault, Inc, an award winning mobile SaaS provider of voice-based field automation for construction management. True Blue Partners was the exclusive financial advisor to NoteVault in this transaction. Bentley Systems is a leading global provider of software…
3CLogic Receives $9m in Series B Financing Transaction Overview On March 26, 2020, 3CLogic, a leading omnichannel communication solutions provider for ServiceNow and other major CRMs, announced its $9m Series B financing. True Blue Partners led this growth equity syndicate as part of its merchant banking offering with Capitan Investment Partners. Other participants include Blu…
Salesforce.com Acquires Vlocity Yet another Force.com unicorn success story Transaction Overview On February 25, 2019, Salesforce.com announced its acquisition of Vlocity, a Force.com native industry-specific cloud and mobile software provider headquartered in San Francisco, California, in an all-cash deal. A year prior, Vlocity received $60m from its Series C at a valuation of $940m. Salesforce…
Infosys Acquires Simplus in a $200m Deal Transaction Overview On February 10, 2020, global leader in consulting and digital services Infosys Limited (NSEI:INFY) announced its acquisition of Simplus, a platinum Salesforce services provider. This acquisition, coupled with Infosys’s acquisition of Fluido in Sep 2018, brings together deep Salesforce expertise to deliver end-to-end enterprise cloud solutions…
Navint Partners Acquires Statera Transaction Overview On October 30, 2019, lead-to-revenue focused consulting firm Navint Partners announced its acquisition of Statêra, a CPQ & Billing provider and Silver Salesforce Consulting Partner via financial sponsor Boathouse Capital in an LBO. Notably on May 2015, Navint received development capital from Boathouse Capital. The initiative introduced Sean Joyce…
Genpact Acquires Rightpoint Consulting Transaction Overview On October 15, 2019, global digital transformation services firm Genpact (NYSE:G) announced its acquisition of Rightpoint Consulting, a premier digital experience consulting firm based in Chicago. Rightpoint marks Genpact’s second acquisition of a digital experience consultancy firm, their first being TandemSeven, which was acquired for $34.8m in September of…
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…
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…
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 $16 per share, representing…
Salesforce.com Acquires ClickSoftware Deal Financials Implied Enterprise Value ($m): $1,400.0 Transaction Overview On August 7, 2019, Salesforce.com announced its acquisition of ClickSoftware Technologies, a global leader in AI-powered field-service and workforce management software provider headquartered in Burlington, MA. Salesforce began talks to acquire ClickSoftware in January 2019, but the deal was cancelled in late February…
LinkedIn Acquires Drawbridge Deal Financials Implied Enterprise Value ($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…
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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