M&A Deal Summary

NTT Communications Acquires Secure-24 Intermediate Holdings

On November 13, 2017, NTT Communications acquired software company Secure-24 Intermediate Holdings from HarbourVest Partners and Pamlico Capital

Acquisition Highlights
  • This is NTT Communications’ 1st transaction in the Software sector.
  • This is NTT Communications’ 4th transaction in the United States.
  • This is NTT Communications’ 1st transaction in Michigan.

M&A Deal Summary

Date 2017-11-13
Target Secure-24 Intermediate Holdings
Sector Software
Buyer(s) NTT Communications
Sellers(s) HarbourVest Partners
Pamlico Capital
Deal Type Add-on Acquisition

Target

Secure-24 Intermediate Holdings

Southfield, Michigan, United States
website
Secure-24 Intermediate Holdings, Inc. is a provider of managed IT operations, hosting and cloud services, providing highly available environments and expert management and support for your business critical applications. Secure-24 Intermediate Holdings, Inc. was established in 2001 and is based in Southfield, Michigan.

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Buyer(S) 1

Buyer

NTT Communications

Tokyo, Japan

website


Category Company
Founded 1952
Sector Communications
DESCRIPTION
NTT Communications office in downtown Tokyo, Japan.
NTT Communications office in downtown Tokyo, Japan.

NTT Communications is a provider of information and communication technology services, with expertise in private networks, cloud, hosting, and IP networking services. Its extensive global IT infrastructure includes highly reliable low-latency private networks, expansive MPLS IP-VPN coverage, Ethernet VPN, Tier1 global IP backbone networks with one of the highest available transpacific capabilities, and secure data centers in Asia, North America and Europe. NTT Communications was formed in 1952 and is based in Tokyo, Japan.


DEAL STATS #
Overall 10 of 11
Sector (Software) 1 of 1
Type (Add-on Acquisition) 10 of 11
State (Michigan) 1 of 1
Country (United States) 4 of 4
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 RagingWire Data Centers

Sacramento, California, United States

RagingWire Data Centers, Inc. is a designer, builder, and operator of mission critical data centers that deliver 100% availability, high-density power, flexible configurations, carrier neutral connectivity, and superior customer service. The company has 97 MW of critical IT load spread across 1.2 million square feet of data center infrastructure in Northern California, Ashburn, Virginia, and Dallas, Texas, with significant growth plans in these locations and other top North American data center markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Transatel

Puteaux, France

Transatel is a global connectivity solution provider for the MVNO and IoT markets launched over 170 MVNOs (Mobile Virtual Network Operators) and built strong expertise in Machine-to-Machine connectivity. Since 2014 the company has offered an unparalleled cellular solution for global, multi-local data connectivity with eSIM capabilities for the IoT market, addressing the connected car, connected objects, and embedded connectivity markets.

Buy -

Seller(S) 2

SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 90 of 127
Sector (Software) 10 of 16
Type (Add-on Acquisition) 36 of 55
State (Michigan) 1 of 1
Country (United States) 55 of 81
Year (2017) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 INELO

Bielsko-Biała, Poland

INELO provides the highest quality software for the analysis and settlement of drivers' working time, devices for digital data collection and GBOX® satellite vehicle location systems. INELO was founded in 2002 and is based in Bielsko-Biała, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 Nonni s

Tulsa, Oklahoma, United States

Nonni's is a manufacturer and marketer of artisanal cookies and other premium baked snacks. Nonni’s premium products are synonymous with artisanal, authentic, and Italian-inspired. Products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing. Nonni's is based in Tulsa, Oklahoma.

Buy -
SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 43 of 61
Sector (Software) 3 of 7
Type (Add-on Acquisition) 21 of 32
State (Michigan) 1 of 3
Country (United States) 41 of 59
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Cartegraph

Dubuque, Iowa, United States

Cartegraph is a provider of SaaS-based asset management solutions to local governments. The company devotes itself to cities, counties, and government agencies seeking to be more effective, efficient, and productive in their daily operations. It builds software that empowers users to capture infrastructure asset data, analyze it, and use it to prepare for the future. Cartegraph was established in 1994 and is based in Dubuque, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-02 Office Practicum

Fort Washington, Pennsylvania, United States

Office Practicum provides a fully-integrated Electronic Health Record and Practice Management software solution and Revenue Cycle Management services to pediatricians. The Company’s solutions drive improved clinical and financial outcomes for providers and their patients. Office Practicum was founded in 1992 and is based in Fort Washington, Pennsylvania.

Buy -