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M&A Deal Summary

Apple Acquires Propel Software

On June 20, 2002, Apple acquired internet software and services company Propel Software

Acquisition Highlights
  • This is Apple’s 3rd transaction in the Internet Software and Services sector.
  • This is Apple’s 17th transaction in the United States.
  • This is Apple’s 10th transaction in California.

M&A Deal Summary
Date 2002-06-20
Target Propel Software
Sector Internet Software and Services
Buyer(s) Apple
Deal Type Add-on Acquisition

Target

Propel Software

San Jose, California, United States
Propel Software Corporation develops software that speeds the delivery of Web pages

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Buyer(S) 1

Buyer

Apple

Cupertino, California, United States
Category Company
Founded 1977
Sector Technology Hardware
Employees164,000
Revenue 391.0B USD (2024)
DESCRIPTION

Apple is a diversified technology company offering technology hardware, software, and media. Apple sells a line of computers, cell phones, tablets - as well as manages an ecosystem of apps. Apple was founded in 1977 and is based in Cupertino, California.

DEAL STATS #
Overall 19 of 113
Sector: Internet Software and Services M&A 3 of 35
Type: Add-on Acquisition M&A Deals 19 of 112
State: California M&A 10 of 48
Country: United States M&A 17 of 71
Year: 2002 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-11 Silicon Grail Corp-Chalice

United States

Silicon Grail Corp a developer of digital effects software.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-21 Prismo Graphics

United States

Prismo Graphics a video editing software company based in the United States

Buy -
Mergr

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