M&A Deal Summary

Apptix Acquires mi8

On September 11, 2006, Apptix acquired software company mi8 from Cloquet Capital Partners for 21M USD

Acquisition Highlights
  • This is Apptix’s 1st transaction in the Software sector.
  • This is Apptix’s largest (disclosed) transaction.
  • This is Apptix’s 1st transaction in the United States.
  • This is Apptix’s 1st transaction in Virginia.

M&A Deal Summary
Date 2006-09-11
Target mi8
Sector Software
Buyer(s) Apptix
Sellers(s) Cloquet Capital Partners
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

mi8

Herndon, Virginia, United States
website
Mi8 Corporation operates as an on-demand applications provider. The company offers hosted SharePoint services; anti-virus/anti-spam services, including spam protection, anti-virus, and content filtering; and mobile services, such as mobile service for BlackBerry devices and Exchange ActiveSync for Windows mobile devices.

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Buyer(S) 1

Buyer

Apptix

Herndon, Virginia, United States

website

Category Company
Founded 1997
Sector Information Technology
Employees119
Revenue 34M USD (2015)
DESCRIPTION

Apptix, Inc. is a provider of managed and hosted business communication, collaboration, compliance & security, and infrastructure solutions to mid-market and enterprise customers and blue chip channel partners.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Apptix - Public Cloud Customer Division

United States

Apptix - Public Cloud Customer Division is a provider of cloud services for website hosting.

Sell $23M

Seller(S) 1

SELLER

Cloquet Capital Partners

New Canaan, Connecticut, United States

Investor Investor Investor

website

Category Venture Capital Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cloquet Capital Partners is a private investment firm focused on early to growth stage company investing. Areas of interest include IT services, value-added manufacturing, distribution, and business services. Cloquet looks to commit up to $5OOK per transaction. Cloquet Capital Partners was formed in 2003 and is based in New Canaan, Connecticut.

DEAL STATS #
Overall 6 of 13
Sector (Software) 1 of 2
Type (Add-on Acquisition) 4 of 8
State (Virginia) 1 of 2
Country (United States) 6 of 13
Year (2006) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-27 Sovereign Specialty Chemicals

Chicago, Illinois, United States

Sovereign Specialty Chemicals Corporation was a consolidation of several brands of specialty chemicals. Sovereign was formed to build, through acquisition and internal growth, a worldwide provider of specialty chemical companies.

Sell $575M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 eStara

Reston, Virginia, United States

eStara, Inc. provides Click to Call service, which enables online customers to speak directly with a customer service representative.

Sell -
Mergr

Product

Company

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