M&A Deal Summary

N. Harris Computer Acquires Connecture

On October 7, 2019, N. Harris Computer acquired software company Connecture from Francisco Partners

Acquisition Highlights
  • This is N. Harris Computer’s 27th transaction in the Software sector.
  • This is N. Harris Computer’s 24th transaction in the United States.
  • This is N. Harris Computer’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2019-10-07
Target Connecture
Sector Software
Buyer(s) N. Harris Computer
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition

Target

Connecture

Brookfield, Wisconsin, United States
website
Connecture is a web-based consumer shopping, enrollment and retention platform for health insurance distribution. Connecture offers a personalized health insurance shopping experience that recommends the best fit insurance plan based on an individual’s preferences, health status, preferred providers, medications and expected out-of-pocket costs. Connecture’s customers are health insurance marketplace operators such as health plans, brokers and exchange operators, who must distribute health insurance in a cost-effective manner to a growing number of insured consumers. Connecture’s solutions automate key functions in the health insurance distribution process, allowing its customers to price and present plan options accurately to consumers and efficiently enroll, renew and manage plan members.

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Buyer(S) 1

Buyer

N. Harris Computer

Ottawa, Ontario, Canada

website

Category Company
Founded 1976
Sector Software
DESCRIPTION

N. Harris Computer Corp. is a provider of software solutions for utilities, healthcare, local governments, public safety, and schools throughout the US and Canada. Harris' focus is to acquire businesses with growth potential, manage them well and then build them for the future. N. Harris Computer Corp. was established in 1976 and is headquartered in Ottawa, Ontario.

DEAL STATS #
Overall 34 of 79
Sector (Software) 27 of 54
Type (Add-on Acquisition) 29 of 65
State (Wisconsin) 1 of 1
Country (United States) 24 of 54
Year (2019) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 mquadr.at software engineering & consulting

Vienna, Austria

mquadr.at software engineering & consulting GmbH has established itself as the major expert in Europe for innovative self-service software regarding modems, home networks, and smartphones. Internet service providers (ISPs) and telcos form the target audience for the cutting-edge solutions, which they in turn deliver to millions of their consumers. The core product m2suite allows the users to manage their home network including their Internet access completely independently. This way, the ISPs reach massive reductions of service costs (especially for service desks) as well as an increase in service quality (reduced customer churn) and lasting user education.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 BobCAD CAM

Clearwater, Florida, United States

BobCAD CAM, Inc. is a computer-aided design and manufacturing (CAD/CAM) software company. The company offers CNC programming solutions for mill, mill-turn, lathe, router, waterjet, plasma, laser, and wire EDM machines. BobCAD CAM is based in Clearwater, Florida.

Buy -

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 59 of 79
Sector (Software) 21 of 27
Type (Add-on Acquisition) 36 of 48
State (Wisconsin) 2 of 2
Country (United States) 47 of 65
Year (2019) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 Orchard Software

Carmel, Indiana, United States

Orchard Software Corp. is a privately owned company specializing in developing and supporting award-winning Laboratory Information Systems (LIS) that enhance clinical and pathology laboratory workflow, as well as support laboratory outreach and point-of-care testing (POCT).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 Capsilon

San Francisco, California, United States

Capsilon Corporation is a provider of cloud-based document and data management solutions for the mortgage industry. Capsilon's flagship product, Capsilon DocVelocity, is a document imaging and data capture platform built specifically to address the needs of large mortgage companies. Capsilon was founded in 2004 and is based in San Francisco, California.

Sell -
Mergr

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