M&A Deal Summary |
|
|---|---|
| Date | 2014-10-22 |
| Target | Telerik AD |
| Sector | Software |
| Buyer(s) | Progress Software |
| Sellers(s) | Summit Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 263M USD |
| Advisor(s) | Lazard Ltd. (Financial) |
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| Category | Company |
|---|---|
| Founded | 1981 |
| Sector | Software |
| Employees | 1,796 |
| Revenue | 602M USD (2022) |
Progress Software is a software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal IT complexity and low total cost of ownership. Progress Software was founded in 1981 and is based in Bedford, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 23 |
| Sector (Software) | 11 of 17 |
| Type (Add-on Acquisition) | 16 of 23 |
| Country (Bulgaria) | 1 of 2 |
| Year (2014) | 3 of 3 |
| Size (of disclosed) | 2 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-01 |
BravePoint
Norcross, Georgia, United States BravePoint, Inc. is a provider of consulting, training and application development services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-01 |
OneBit Software
Sofia, Bulgaria OneBit Software is a software development and consulting company. OneBit Software core business is the heavy involvement with the Microsoft SharePoint platform. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 184 of 281 |
| Sector (Software) | 33 of 51 |
| Type (Add-on Acquisition) | 85 of 126 |
| Country (Bulgaria) | 1 of 1 |
| Year (2014) | 10 of 11 |
| Size (of disclosed) | 24 of 49 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-21 |
Access
Woburn, Massachusetts, United States Access is a records and information management (RIM) services provider in the United States. Access' complete suite of services includes records storage and document management in both hardcopy and digital formats, data protection (electronic computer media), secure destruction, digital document conversion and breach reporting services. Access was founded in 2004 and is based in Woburn, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-05 |
Solid State Equipment
Horsham, Pennsylvania, United States Solid State Equipment designs and manufactures capital equipment for semiconductor companies. The company provides outstanding products and services for the integrated circuit industry that can be configured to a specific customer’s needs, while leveraging standard platforms and proprietary technology to drive efficiencies. Solid State Equipment provides sales and technical support through its global network of direct and independent representatives. |
Sell | $150M |
