M&A Deal Summary

Callidus Software Acquires Learning Seat Pty.

On December 4, 2017, Callidus Software acquired internet software and services company Learning Seat Pty. from The Riverside Company for 26M USD

Acquisition Highlights
  • This is Callidus Software’s 15th transaction in the Internet Software and Services sector.
  • This is Callidus Software’s largest (disclosed) transaction.
  • This is Callidus Software’s 1st transaction in Australia.

M&A Deal Summary

Date 2017-12-04
Target Learning Seat Pty.
Sector Internet Software and Services
Buyer(s) Callidus Software
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition
Deal Value 26M USD

Target

Learning Seat Pty.

Melbourne, Australia
website
Learning Seat Pty. Ltd. is a provider of an online courses, training tools and eLearning resources are geared toward compliance, professional development and accredited training. Learning Seat also develops customized online courses for clients. Learning Seat was founded in 2000 and is based in Melbourne, Australia.

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Buyer(S) 1

Buyer

Callidus Software

Dublin, California, United States

website


Category Company
Founded 1996
Sector Internet Software and Services
Employees806
Revenue 253M USD (2017)
DESCRIPTION

Callidus Software, Inc. is a provider of sales and marketing effectiveness software. Callidus Software was founded in 1996 and is based in Dublin, California.


DEAL STATS #
Overall 18 of 18
Sector (Internet Software and Services) 15 of 15
Type (Add-on Acquisition) 18 of 18
Country (Australia) 1 of 1
Year (2017) 4 of 4
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 OrientDB

London, United Kingdom

OrientDB Ltd. is a provider of multi-model database technologies that offers issue tracking, support and consulting services. OrientDB Ltd. was established in 2011 and is based in London, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-29 Litmos

San Ramon, California, United States

Litmos develops eLearning solutions for top-performing companies. Litmos offers the world’s easiest-to-use LMS – Litmos Training – and a comprehensive course library – Litmos Training Content. Thousands of companies trust the solutions to centralize and deliver transformative training to employees, customers, and partners. Litmos was founded in 2000 and is based in San Ramon, California.

Sell $2.4B

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 128 of 189
Sector (Internet Software and Services) 7 of 11
Type (Add-on Acquisition) 51 of 81
Country (Australia) 2 of 6
Year (2017) 13 of 14
Size (of disclosed) 18 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 Modern Hire

Cleveland, Ohio, United States

Modern Hire is an intelligent hiring platform that transforms each step of the process with screening, assessment, interview and workflow automation tools that make hiring more effective, efficient, ethical and engaging. Modern Hire is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 Outward Hound

Centennial, Colorado, United States

Outward Hound is a designer, manufacturer, and distributor of stimulating toys, outdoor travel gear, feeding products, treats, scratchers, and innovative accessories under the Outward Hound, Petstages, Bionic, Nina Ottosson, Dublin Dog, Charming Pet, Wholesome Pride and Planet Dog brands. Outward Hound was founded in 2005 and is based in Centennial, Colorado.

Sell -