M&A Deal Summary

Insight Acquires Software Spectrum

On September 7, 2006, Insight acquired software company Software Spectrum from Level 3 Communications for 287M USD

Acquisition Highlights
  • This is Insight’s 1st transaction in the Software sector.
  • This is Insight’s 2nd largest (disclosed) transaction.
  • This is Insight’s 1st transaction in the United States.
  • This is Insight’s 1st transaction in Texas.

M&A Deal Summary

Date 2006-09-07
Target Software Spectrum
Sector Software
Buyer(s) Insight
Sellers(s) Level 3 Communications
Deal Type Divestiture
Deal Value 287M USD

Target

Software Spectrum

Garland, Texas, United States
website
Software Spectrum, Inc. is a provider of business-to-business IT solutions and services, with particular expertise in the selection, purchase and management of software.

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Buyer(S) 1

Buyer

Insight

Chandler, Arizona, United States

website


Category Company
Founded 1988
Sector Information Technology
Employees13,448
Revenue 10.4B USD (2022)
DESCRIPTION
Entrance to Insight Enterprise's corporate headquarters in Tempe, Arizona.
Entrance to Insight Enterprise's corporate headquarters in Tempe, Arizona.

Insight develops, licenses, and supports a wide range of software products, services, and devices. Insight provides cloud-based services to consumers and businesses; designs, manufactures, and sells devices that integrate with its cloud-based services; and delivers online advertising to a global audience. Insight's products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; cross-device productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. Insight also designs and sells hardware including PCs, tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories. Insight was formed in 1988 and is based in Chandler, Arizona.


DEAL STATS #
Overall 1 of 14
Sector (Software) 1 of 3
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 9
Year (2006) 1 of 1
Size (of disclosed) 2 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-24 Calence

Austin, Texas, United States

Calence, LLC is a technology service provider specializing in Cisco networking solutions, advanced communications and managed services.

Buy $125M

Seller(S) 1

SELLER

Level 3 Communications

Broomfield, Colorado, United States

website


Category Company
Founded 1884
Sector Communications
Employees12,500
Revenue 8.2B USD (2015)
DESCRIPTION
Level 3 Communications' corporate headquarters in Broomfield, Colorado.
Level 3 Communications' corporate headquarters in Broomfield, Colorado.

Level 3 Communications, Inc. is a provider of local, national and global communications services to enterprise, government and carrier customers. Level 3’s portfolio of managed solutions includes fiber and infrastructure solutions, IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 Communications, Inc. was originally established in 1884 and is headquartered in Broomfield, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-05 Looking Glass Networks

Oak Brook, Illinois, United States

Looking Glass, based in Oak Brook, Illinois, provides data transport services including SONET/SDH, Wavelength and Ethernet as well as dark fiber and carrier-neutral colocation.

Buy $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-26 Savvis - Content Delivery Network Business

Thousand Oaks, California, United States

Savvis - Content Delivery Network (CDN) Business is a provides solutions that improve performance, reliability, scalability and reach of customers’ online content.

Buy $135M