M&A Deal Summary

Intermec Acquires Vocollect

On January 18, 2011, Intermec acquired software company Vocollect from Riverside Partners for 190M USD

Acquisition Highlights
  • This is Intermec’s 1st transaction in the Software sector.
  • This is Intermec’s largest (disclosed) transaction.
  • This is Intermec’s 1st transaction in the United States.
  • This is Intermec’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2011-01-18
Target Vocollect
Sector Software
Buyer(s) Intermec
Sellers(s) Riverside Partners
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

Vocollect

Pittsburgh, Pennsylvania, United States
website
Vocollect, Inc. is the leader in creating and providing voice-centric solutions for mobile workers in distribution and warehouse environments worldwide. The speech recognition software and extreme recognition accuracy of in-vocabulary speech helps customers achieve a higher level of business performance through voice. Every day over 300,000 workers worldwide use Vocollect’s comprehensive voice solutions to distribute more than $3 billion in goods from distribution centers and warehouses to customer locations.

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Buyer(S) 1

Buyer

Intermec

Everett, Washington, United States

website

Category Company
Founded 1997
Sector Technology Hardware
Revenue 800M USD (2013)
DESCRIPTION

Intermec, Inc. provides mobile computing, radio frequency identification solutions (RFID), voice-enabled workflow and data-collection solutions, and printing solutions.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Riverside Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Riverside Partners is a specialist private equity firm focused on investments in healthcare and technology companies located throughout North America. The Firm has a particular interest in companies that are founder or family owned. Target companies are generally profitable with $3 to $15 million of EBITDA. Specific areas of interest within healthcare include suppliers to biopharmaceutical and medical device companies, medical technology and equipment, medical instrumentation, dental products and services, diagnostics and disposables, and specialized healthcare services. Areas of interest within technology include, analytical instrumentation, semiconductor equipment, industrial communications, wireless components, homeland security, and power generation technology. Transaction situations include partial or complete buyouts, recapitalizations, growth equity, divestitures, take privates, and strategic add-ons. Riverside Partners was formed in 1989 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 8 of 32
Sector (Software) 1 of 5
Type (Add-on Acquisition) 3 of 14
State (Pennsylvania) 1 of 1
Country (United States) 8 of 32
Year (2011) 1 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Eliassen

Reading, Massachusetts, United States

Eliassen is a provider of strategic talent solutions to drive our clients' innovation and business results. Eliassen serves over 400 corporate, financial institution, and government clients providing recruiting and HR support for medium and high-end technology positions. The company operates 21 offices with a leading market presence in New England, North Carolina, and Georgia. Eliassen was founded in 1989 and is based in Reading, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Pilgrim Quality Solutions

Tampa, Florida, United States

Pilgrim Quality Solutions, Inc. is a provider of compliance and risk management software to firms in highly regulated industries, including life sciences, food and beverage, and manufacturing. For nearly 20 years, the company's software has helped companies facing complex and burdensome regulation manage an increasingly intricate regulatory and compliance environment. Pilgrim offers its product to customers on both as Software-as-a-Service ("SaaS") and perpetual license basis.

Buy -
Mergr

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