Investment Summary

Exits Jaggaer

On November 1, 1999, invested in software company Jaggaer from ABS Capital Partners

Investment Highlights
  • This is transaction in the Software sector.
  • This is transaction in the United States.
  • This is transaction in North Carolina.
Investment Fate
  • Jaggaer was sold to a financial buyer in 2016 for 509M USD.
  • Jaggaer was sold to a consortium of financial buyers in 2019.

Investment Summary
Date 1999-11-01
Target Jaggaer
Sector Software
Sellers(s) ABS Capital Partners
Deal Type IPO

Target

Jaggaer

Morrisville, North Carolina, United States
website
Jaggaer is a provider of procurement software for large and medium-sized enterprises. Jaggaer provides cloud-based Source-to-Pay eProcurement solutions for spend management, which enables a fluid supply chain for its customers, driven by powerful spend analytics, vendor sourcing, contract lifecycle management, savings tracking, and efficient accounts payable systems on a single platform. Jaggaer was founded in 1995 and is based in Morrisville, North Carolina.

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Seller(S) 1

SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $30 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.

DEAL STATS #
Overall 5 of 68
Sector (Software) 2 of 7
Type (IPO) 5 of 15
State (North Carolina) 1 of 2
Country (United States) 5 of 67
Year (1999) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 Rainmaker Systems

Campbell,, California, United States

Rainmaker Systems, Inc. is a leading provider of business-to-business sales and marketing services. Through the use of proprietary technologies and enhanced data analytics, its solutions leverage integrated multi-channel communications to accelerate the sales process and achieve higher revenue for clients. Rainmaker?s core services include complete lead qualification and management, new product sales, webinar event management, online sales of training classes, channel enablement, subscription renewals, and service contract sales.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 OTG Software

Rockville, Maryland, United States

OTG Software (OTG) is a leading provider of online storage management and access solutions, including a dynamic email management solution. The Company?s software enables enterprises to store, track and retrieve data over a variety of network architectures, including the Web and storage area networks. Through its application-centric product suite, OTG offers a complete business, Web and e-commerce solution that provides robust functionality across every industry. The Company empowers storage by combining storage with access and email management. OTG?s products support over 600 storage devices, are easy to install and use and can manage storage systems ranging in size from a single storage device to an enterprise-wide network storage system. The Company?s products are used by over 7,500 organizations worldwide and are available through a network of over 300 VARs, distributors, and OEMs.

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Mergr

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