M&A Deal Summary

InterCloud Systems Acquires VaultLogix

On October 10, 2014, InterCloud Systems acquired internet software and services company VaultLogix from WestView Capital Partners for 16M USD

Acquisition Highlights
  • This is InterCloud Systems’ 2nd transaction in the Internet Software and Services sector.
  • This is InterCloud Systems’ largest (disclosed) transaction.
  • This is InterCloud Systems’ 7th transaction in the United States.
  • This is InterCloud Systems’ 1st transaction in Massachusetts.
Investment Fate
  • VaultLogix was divested to a consortium of strategic buyers in 2016.

M&A Deal Summary

Date 2014-10-10
Target VaultLogix
Sector Internet Software and Services
Buyer(s) InterCloud Systems
Sellers(s) WestView Capital Partners
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

VaultLogix

Danvers, Massachusetts, United States
website
VaultLogix LLC is a provider of business-class online data backup to small, medium and large businesses as well as federal, state and local governments and governmental agencies. VaultLogix was founded in 2003 and is based in Danvers, Massachusetts.

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Buyer(S) 1

Buyer

InterCloud Systems

Boca Raton, New Jersey, United States

website


Category Company
Sector Internet Software and Services
Employees241
Revenue 35M USD (2017)
DESCRIPTION

InterCloud Systems is a provider of value-added services for both corporate enterprises and service providers. The company offers cloud and managed services, professional consulting services and voice, data and optical solutions to assist its customers in meeting their changing technology demands.


DEAL STATS #
Overall 7 of 7
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 7 of 7
State (Massachusetts) 1 of 1
Country (United States) 7 of 7
Year (2014) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 RentVM

Piscataway, New Jersey, United States

RentVM, Inc. is a provider of cloud computing. RentVM delivers Infrastructure-as-a-Service technology to Software Developers, Healthcare, Education, small and medium size businesses and enterprises to enable Public and Private (enterprise) Cloud environments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-19 InterCloud Systems - Online Data Backup Business

Shrewsbury, New Jersey, United States

InterCloud Systems, Inc. - Online Data Backup Business is a provider of cloud based data solutions.

Sell $24M

Seller(S) 1

SELLER

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $15 and $60 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 11 of 34
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 6 of 15
State (Massachusetts) 1 of 3
Country (United States) 11 of 34
Year (2014) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 The Paper Store

Acton, Massachusetts, United States

The Paper Store owns and operates a chain of specialty gift stores in New England. It offers gifts and more for every gift giving occasion, including greeting cards, jewelry, fashion apparel and accessories, children’s products, sports apparel, stationery and books among many other product categories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 Mintz Group

New York, New York, United States

Mintz Group provides investigative and fact-gathering services that range from enhanced background checks for senior executive hires, to due diligence on parties in proxy fights, to supporting complex litigation cases. Mintz Group investigators conduct thousands of matters each year, giving their clients the facts they need to make sound business decisions. Headquartered in New York City, Mintz Group has 15 offices across eight time zones: New York, San Francisco, Washington, D.C., Chicago, Miami, London, Toronto, Montreal, Sao Paolo, Dubai, Nairobi, Hong Kong, Beijing, Singapore, and Mumbai.

Buy -