M&A Deal Summary

Dynatrace Acquires Keynote Systems

On June 17, 2015, Dynatrace acquired information technology company Keynote Systems from Thoma Bravo

Acquisition Highlights
  • This is Dynatrace’s 1st transaction in the Information Technology sector.
  • This is Dynatrace’s 1st transaction in the United States.
  • This is Dynatrace’s 1st transaction in California.

M&A Deal Summary

Date 2015-06-17
Target Keynote Systems
Sector Information Technology
Buyer(s) Dynatrace
Sellers(s) Thoma Bravo
Deal Type Merger

Target

Keynote Systems

San Mateo, California, United States
website
Keynote's corporate headquarters in San Mateo, California.
Keynote's corporate headquarters in San Mateo, California.
Keynote's product platforms and services are used by enterprises of all sizes such as online portals, B2B sites, e-commerce sites, mobile operators and mobile infrastructure providers.

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Buyer(S) 1

Buyer

Dynatrace

Waltham, Massachusetts, United States

website


Category Company
Founded 2005
Sector Software
Employees3,600
Revenue 930M USD (2022)
DESCRIPTION

Dynatrace is a provider of application performance management (APM) software. With its patented PurePath technology, the company offers continuous APM system on the market, transforming how applications are built, tested and managed. Dynatrace was founded in 2005 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 1 of 5
Sector (Information Technology) 1 of 2
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Qumram AG

Zurich, Switzerland

Qumram AG is a provider of an advanced session replay technology for mobile and web applications. Qumram is based in Zurich, Switzerland.

Buy -

Seller(S) 1

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


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 25 of 72
Sector (Information Technology) 4 of 18
Type (Merger) 2 of 7
State (California) 8 of 19
Country (United States) 25 of 67
Year (2015) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 Edmentum

Bloomington, Minnesota, United States

Edmentum provides education technology solutions for kindergarten through adult learners, offering curricula for reading, writing, mathematics, science, social studies, and life and job skills. Edmentum was founded in 1960 and is based in Bloomington, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 iPipeline

Exton, Pennsylvania, United States

iPipeline is a provider of cloud-based software solutions for the life insurance and financial services industries. Through its SSG Digital, end-to-end platform, iPipeline accelerates and simplifies sales, compliance, operations, and support. iPipeline provides process automation and seamless integration between every participant in its ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and consumers on a global basis.

Buy -