M&A Deal Summary

CDC Software Acquires Consona

On August 7, 2012, CDC Software acquired software company Consona from Thoma Bravo and Battery Ventures

Acquisition Highlights
  • This is CDC Software’s 7th transaction in the Software sector.
  • This is CDC Software’s 5th transaction in the United States.
  • This is CDC Software’s 1st transaction in Indiana.

M&A Deal Summary
Date 2012-08-07
Target Consona
Sector Software
Buyer(s) CDC Software
Sellers(s) Thoma Bravo
Battery Ventures
Deal Type Merger

Target

Consona

Indianapolis, Indiana, United States
Consona offers technology and services across the following software application categories: ERP, CRM, knowledge management, eService, network management and product configuration. Consona’s software and services are used by companies of all sizes, ranging from small businesses to Global 2000 enterprises, across a number of industries, including manufacturing, distribution, high tech, help desks, and telecommunications.

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Buyer(S) 1

Buyer

CDC Software

China
Category Company
Sector Software
DESCRIPTION

CDC Software Corporation (CDC Software) is a global hybrid enterprise software provider of on-premise and cloud deployments. It offers a suite of Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Supply Chain Management (SCM), Manufacturing Operations Management (MOM), Human Resources (HR), Analytics, Not-for-Profit (NFP) Management, eCommerce and other software as a service (SaaS) and on-premise software applications that are integrated to operate across an enterprise.

DEAL STATS #
Overall 11 of 11
Sector (Software) 7 of 7
Type (Merger) 1 of 1
State (Indiana) 1 of 1
Country (United States) 5 of 5
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-02 Information Development Consultants

Chicago, Illinois, United States

Information Development Consultants, Inc., a cloud-based software as a service (SaaS) enterprise resource planning (ERP) software solution provider, develops, implements, and supports on-demand financial ERP fund accounting software for government and non-profit agencies in the United States and independent nations in the Pacific

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-07 PeoplePoint Software Pty

North Ryde, Australia

PeoplePoint Software Pty Ltd. is a provider of software solutions and services for the Aged Care Residential, Clinical and Community Services management market.

Sell -

Seller(S) 2

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 14 of 77
Sector (Software) 7 of 34
Type (Merger) 1 of 9
State (Indiana) 1 of 2
Country (United States) 14 of 71
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Network Instruments

Minnetonka, Minnesota, United States

Network Instruments is an industry leader in application and network troubleshooting and analysis. Its monitoring and management tools optimize performance and speed problem resolution, helping ensure delivery of critical applications for businesses worldwide. It delivers these benefits through a seamlessly integrated line of software and hardware systems that are precision engineered for exact network monitoring and analysis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-10 Deltek

Herndon, Virginia, United States

Deltek, Inc. is a provider of enterprise applications software designed specifically for project-focused businesses. The Company's software applications enables organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. Deltek is based in Herndon, Virginia.

Buy $1.1B
SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 18 of 62
Sector (Software) 7 of 21
Type (Merger) 1 of 4
State (Indiana) 2 of 2
Country (United States) 17 of 51
Year (2012) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Delphix

Redwood City, California, United States

Delphix provides database virtualization solutions for agile data management. Leading global organizations use Delphix to dramatically reduce the time, cost, and risk of application rollouts, simplifying database operations while consolidating redundant hardware. Delphix is based in Redwood City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-17 Gainsight

San Francisco, California, United States

Gainsight provides a platform that helps companies of all sizes and industries drive durable growth through customer-led and product-led strategies. The Company offers a powerful set of customer success, product experience, and community engagement solutions that together enable businesses to scale efficiently, create alignment, and put the customer at the heart of innovation. Gainsight was formed in 2009 and is based in San Francisco, California.

Buy -
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