M&A Deal Summary

Global Payments Acquires The Active Network

On August 3, 2017, Global Payments, Inc. acquired internet software and services company The Active Network, Inc. from Vista Equity Partners for 1.2B USD

Acquisition Highlights
  • This is Global Payments’ 3rd transaction in the Internet Software and Services sector.
  • This is Global Payments’ 3rd largest (disclosed) transaction.
  • This is Global Payments’ 7th transaction in the United States.
  • This is Global Payments’ 2nd transaction in California.

M&A Deal Summary

Date 2017-08-03
Target The Active Network, Inc.
Sector Internet Software and Services
Buyer(s) Global Payments, Inc.
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) J.P. Morgan Securities LLC (Financial)

Target

The Active Network, Inc.

San Diego, California, United States
website
The Active Network's corporate headquarters in San Diego, California.
The Active Network's corporate headquarters in San Diego, California.
The Active Network, Inc. is a provider of cloud-based activity and participant management solutions serving a wide range of customer groups including business solutions, community activities, the public sector and outdoors and sports. The Active Network provides applications that form an online network connecting a fragmented and diverse group of activity and event organizers with a large base of potential participants. The Company's technology platform helps organizers manage their activities and events by automating online registrations and streamlining other critical management functions. The Active Network, Inc. was formed in 1998 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Global Payments, Inc.

Atlanta, Georgia, United States

website


Category Company
Founded 1967
SectorFinancial Services
Employees24,000
Revenue 7.4B USD (2020)
DESCRIPTION
View of Global Payments' corporate headquarters in Atlanta, Georgia.
View of Global Payments' corporate headquarters in Atlanta, Georgia.

Global Payments is a worldwide provider of payment technology services. The Company's payment solutions enables merchant customers to accept card, electronic, check and digital-based payments at the point of sale. Global Payments' primary business model provides payment services directly to merchants as customers. The Company also provides similar services indirectly through financial institutions and a limited number of independent sales organizations. Global Payments was formed in 1967 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 13 of 19
Sector (Internet Software and Services) 3 of 5
Type (Add-on Acquisition) 13 of 18
State (California) 2 of 3
Country (United States) 7 of 12
Year (2017) 1 of 1
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 eWAY Payments, Inc.

Phillip, Australia

eWAY Payments, Inc. is an online payment gateway that provides electronic transaction processing services for merchants.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 AdvancedMD Software, Inc.

South Jordan, Utah, United States

AdvancedMD Software, Inc. is a provider of cloud based practice management (“PM”), electronic health records (“EHR”) and revenue cycle management (“RCM”) software solutions to the independent physician practice market. AdvancedMD offers a fully integrated, cloud-based PM, EHR, RCM and patient relationship management product suite, as well as big data reporting and business intelligence tools, designed to help physicians and medical professionals automate and optimize workflow in all areas of the physician practice. AdvancedMD Software, Inc. was founded in 1999 and is based in South Jordan, Utah.

Buy $700M

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 57.0B USD
SizeMega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized private equity firm focused on investing in software and technology enabled services. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas with additional offices in Chicago, Illinois; Oakland, California; and San Francisco, California.


DEAL STATS #
Overall 30 of 60
Sector (Internet Software and Services) 2 of 14
Type (Add-on Acquisition) 14 of 30
State (California) 3 of 7
Country (United States) 27 of 54
Year (2017) 1 of 3
Size (of disclosed) 8 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-09 The Upside Travel Company, LLC

Washington, District of Columbia, United States

Upside Business Travel is an online travel service for small enterprises. The Company’s end-to-end digital platform leverages big data to improve business travel through transparent pricing and superior customer support. Upside’s platform includes access to domestic and international air travel, hotels and rental cars.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 SecureLink, Inc.

Austin, Texas, United States

SecureLink engages in managing secure third-party access and remote support for both enterprise companies and technology providers. SecureLink serves over 400 customers and 30,000 organizations worldwide. SecureLink was founded in 2003 and is based in Austin, Texas.

Buy -