M&A Deal Summary |
|
|---|---|
| Date | 2010-07-05 |
| Target | NetQuote |
| Sector | Internet Software and Services |
| Buyer(s) | Bankrate |
| Sellers(s) |
Stripes
Spectrum Equity |
| Deal Type | Add-on Acquisition |
| Deal Value | 205M USD |
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| Category | Company |
|---|---|
| Founded | 1976 |
| Sector | Information Services |
| Employees | 552 |
| Revenue | 371M USD (2015) |
Bankrate is an online publisher, aggregator, and distributor of personal finance content. The Company's vision is to help consumers Maximize Your Money when they borrow, save or invest. With this in mind, RATE aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including credit cards, mortgages, deposits, senior care and other categories, such as personal and auto loans retirement, and taxes. RATE's flagship sites CreditCards.com, Bankrate.com, and Caring.com are leading destinations in each of their respective verticals and connect their vast audiences with financial service and senior care providers and other contextually relevant advertisers. RATE also owns and operates a number of specialist sites, apps and social platforms, including NextAdvisor.com, The Points Guy, Interest.com, Quizzle.com and Walla.by. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including Yahoo!, CNBC and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal and The New York Times. Bankrate was founded in 1976 and is based in New York.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 11 |
| Sector (Internet Software and Services) | 1 of 6 |
| Type (Add-on Acquisition) | 2 of 10 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 2 of 11 |
| Year (2010) | 1 of 2 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-12-01 |
Savingforcollege.com
Pittsford, New York, United States Savingforcollege.com was established as a private company in 1999 with a mission to help individuals and professional advisors better understand how to meet the challenge of paying higher education costs. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-06 |
Creditcards.Com
Austin, Texas, United States Creditcards.Com, Inc. is a Internet lead generation and marketing organization that operates a top-ranked website where consumers can search for, compare and apply for credit cards |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 7.3B USD |
| Size | Mega |
| Type | Sector Agnostic |
Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 18 |
| Sector (Internet Software and Services) | 1 of 6 |
| Type (Add-on Acquisition) | 2 of 9 |
| State (Colorado) | 2 of 3 |
| Country (United States) | 2 of 18 |
| Year (2010) | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-03-25 |
Sandata Technologies
Port Washington, New York, United States Sandata Technologies is a provider of information technology solutions and services, which include scheduling, time and attendance, billing, payroll, compliance and clinical applications, for the home healthcare industry. Sandata Technologies was founded in 1978 and is based in Port Washington, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-10-20 |
Turtle Beach
White Plains, New York, United States Turtle Beach is an entity which has been transforming console multiplayer gaming since the very beginning with its wide selection of industry- major, award-winning gaming headsets. Whether you’re a professional esports athlete, hardcore gamer, casual player, or just starting out, Turtle Beach has the gaming headset to help you truly master your skills. Innovative and advanced technology, amazing high-quality gaming audio, clear communication, lightweight and comfortable designs, and ease-of-use are just a few features that have made Turtle Beach a fan-favorite brand for gamers the world over. Made for Xbox, PlayStation®, and Nintendo consoles as well as for PC, Mac®, and mobile/tablet devices, having a Turtle Beach gaming headset in your arsenal gives you the competitive advantage. Turtle Beach was founded in 1975 and is based in White Plains, New York. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 4.7B USD |
| Size | Large |
| Type | Sector Focused |
Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $100 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 70 |
| Sector (Internet Software and Services) | 1 of 15 |
| Type (Add-on Acquisition) | 14 of 43 |
| State (Colorado) | 2 of 2 |
| Country (United States) | 21 of 63 |
| Year (2010) | 2 of 3 |
| Size (of disclosed) | 25 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-01 |
iPay Technologies
Elizabethtown, Kentucky, United States iPay Technologies LLC, provides online bill payment solutions and unmatched service to more banks and credit unions than any other bill payment provider. |
Sell | $300M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-26 |
Sidera Networks
New York, New York, United States Sidera Networks, Inc. is a provider of tailored, high capacity communications services that ensure optimal business performance to carrier and enterprise customers. Sidera Networks offers a comprehensive suite of facilities-based services including: Ethernet, SONET, wavelength, internet access, colocation and more. With a fiber optic network leveraging unique rights-of-way that spans from Maine to Virginia, out to Chicago and up to Toronto, Sidera is committed to delivering cost-effective, custom solutions coupled with superior industry expertise, service and support. |
Buy | - |
