M&A Deal Summary

BlackBerry Acquires Gist

On February 14, 2011, BlackBerry acquired internet software and services company Gist from Vulcan Capital

Acquisition Highlights
  • This is BlackBerry’s 4th transaction in the Internet Software and Services sector.
  • This is BlackBerry’s 5th transaction in the United States.
  • This is BlackBerry’s 1st transaction in Washington.

M&A Deal Summary

Date 2011-02-14
Target Gist
Sector Internet Software and Services
Buyer(s) BlackBerry
Sellers(s) Vulcan Capital
Deal Type Add-on Acquisition

Target

Gist

Seattle, Washington, United States
Gist is an online service that integrates the social stream with tools like Microsoft Outlook and Salesforce.com. Gist removes the noise from individual email alerts, eliminates the hassle of going to multiple services to get news and updates about contacts, and automates the delivery and presentation of the most important information about the contacts in a user’s professional network. By spanning the most on-line contact and content sources, Gist users are better informed with insights and actionable information about clients, prospects, and contacts.

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Buyer(S) 1

Buyer

BlackBerry

Waterloo, Ontario, Canada

Category Company
Founded 1984
Sector Technology Hardware
Employees2,647
Revenue 853M USD (2024)
DESCRIPTION

BlackBerry a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. BlackBerry was founded in 1984 and is based in Waterloo, Ontario.


DEAL STATS #
Overall 12 of 25
Sector (Internet Software and Services) 4 of 5
Type (Add-on Acquisition) 11 of 24
State (Washington) 1 of 1
Country (United States) 5 of 11
Year (2011) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-14 Gist

Basingstoke, United Kingdom

Gist is an online service that integrates the social stream with tools like Microsoft Outlook and Salesforce.com. Gist removes the noise from individual email alerts, eliminates the hassle of going to multiple services to get news and updates about contacts, and automates the delivery and presentation of the most important information about the contacts in a user’s professional network. By spanning the most on-line contact and content sources, Gist users are better informed with insights and actionable information about clients, prospects, and contacts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-27 Tungle.Me

Montreal, Quebec, Canada

Tungle.Me is a provider of a social calendaring mobile app.

Buy -

Seller(S) 1

SELLER

Vulcan Capital

Seattle, Washington, United States

Investor


Category Family Office
Founded 1986
Size Mega
Type Sector Agnostic
DESCRIPTION

Vulcan Capital is the private investment group of Vulcan Inc., the organization founded by Paul G. Allen to manage his personal and professional endeavors. Vulcan Capital looks to invest at all company stages and will consider opportunities across an array of industries. Sectors of interest include business services, consumer products, distribution and logistics, energy and natural resources, financial services and insurance, healthcare, manufacturing, media, technology, and telecom. The Firm's target investment size is $10 to $100 million. In addition to direct investing, Vulcan Capital also makes fund investments as well as invests in public securities. Vulcan Inc. was formed in 1986 and has offices in Seattle, Washington and Palo Alto, California.


DEAL STATS #
Overall 8 of 29
Sector (Internet Software and Services) 2 of 4
Type (Add-on Acquisition) 5 of 14
State (Washington) 1 of 2
Country (United States) 7 of 27
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-14 Gist

Basingstoke, United Kingdom

Gist is an online service that integrates the social stream with tools like Microsoft Outlook and Salesforce.com. Gist removes the noise from individual email alerts, eliminates the hassle of going to multiple services to get news and updates about contacts, and automates the delivery and presentation of the most important information about the contacts in a user’s professional network. By spanning the most on-line contact and content sources, Gist users are better informed with insights and actionable information about clients, prospects, and contacts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-31 Enhanced Capital

New York, New York, United States

Enhanced Capital is a diversified national asset management firm that provides investment capital to small businesses that are underserved by traditional sources of financing. Enhanced Capital is based in New York City.

Buy -