Blucora Acquires TaxACT

ID
979

DATE

2012-01-09

target

TaxACT, Inc.

Cedar Rapids, Iowa
United States
www.taxact.com
TaxACT, Inc. provides online tax preparation software and electronic filing services. TaxACT is available via the internet to individual taxpayers and paid preparers as online tax preparation programs or as downloadable desktop software.
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Acquirer 1

Acquirer DESCRIPTION

Blucora, Inc.

COMPANY
Bellevue, Washington
United States
www.blucora.com

Internet Software and Services

772

510M USD (2017)

Blucora, Inc.

Blucora, Inc. is an online search and monetization solutions to a network of more than 100 partners. Through TaxACT, the Company provides online tax preparation solutions to consumers and professional preparers. Blucora's Monoprice business is a rapidly-growing online provider of self-branded consumer electronics and accessories. Blucora, Inc. was established in 1996 and is headquartered in Bellevue, Washington.


DEAL STATS #
Acquisition 10 of 13
Sector (Software) 5 of 5
Type (Add-on Acquisition) 8 of 10
State (Iowa) 1 of 1
Country (United States) 7 of 10
Year (2012) 1 of 1
Size (of disclosed acquisition values) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-11 Mercantila, Inc. Buy 8M USD
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 Monoprice, Inc. (dba MonoPrice.com) Buy 180M USD

Seller 1

SELLER DESCRIPTION

TA Associates

PE FIRM
Boston, Massachusetts
United States
www.ta.com

24.0B USD

Mega

Sector Agnostic

TA Associates

TA Associates Management LP is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $50 and $500 million per transaction. TA currently manages approximately $24 billion of capital and proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $150 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments up to $75 million. TA's geographic preference is North America and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Exit 154 of 209
Type (Add-on Acquisition) 87 of 115
Year (2012) 1 of 9
Size (of disclosed exit values) 37 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-30 Microban International Ltd. Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Numara Software, Inc. Sell 300M USD