M&A Deal Summary

IBM Acquires Truven Health Analytics

On February 18, 2016, IBM acquired information services company Truven Health Analytics from Veritas Capital for 2.6B USD

Acquisition Highlights
  • This is IBM’s 2nd transaction in the Information Services sector.
  • This is IBM’s 6th largest (disclosed) transaction.
  • This is IBM’s 115th transaction in the United States.
  • This is IBM’s 1st transaction in Michigan.

M&A Deal Summary

Date 2016-02-18
Target Truven Health Analytics
Sector Information Services
Buyer(s) IBM
Sellers(s) Veritas Capital
Deal Type Add-on Acquisition
Deal Value 2.6B USD

Target

Truven Health Analytics

Ann Arbor, Michigan, United States
website
Entrance to Truven's office in Greenwood Village, Colorado.
Entrance to Truven's office in Greenwood Village, Colorado.
Truven Health Analytics, Inc. is a provider of healthcare data and analytics solutions to constituents across the entire healthcare continuum, including federal and state government agencies, employers, health plans, hospitals, clinicians and pharmaceutical companies. Truven Health Analytics, Inc. is based in Ann Arbor, Michigan.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States

website


Category Company
Founded 1911
Sector Information Technology
Employees282,100
Revenue 60.5B USD (2022)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


DEAL STATS #
Overall 154 of 195
Sector (Information Services) 2 of 2
Type (Add-on Acquisition) 137 of 172
State (Michigan) 1 of 1
Country (United States) 115 of 139
Year (2016) 6 of 13
Size (of disclosed) 6 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 ecx international AG

Munich, Germany

ecx international AG is a full-service digital agency specialized in implementation services across three of the leading commerce and customer platform software providers: Adobe, Sitecore, and SAP hybris.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Salary.com

Waltham, Massachusetts, United States

Salary.com is a provider of reliable information, software, and best practices for compensation professionals. The Company’s product offerings help employers find and analyze detailed, real-time, and accurate information about employee compensation, as well as providing a platform for managing their daily workflow. Salary.com was founded in 1999 and is based in Waltham, Massachusetts.

Sell -

Seller(S) 1

SELLER

Veritas Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.


DEAL STATS #
Overall 12 of 26
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 8 of 13
State (Michigan) 1 of 1
Country (United States) 12 of 25
Year (2016) 1 of 1
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Abaco Systems

Huntsville, Alabama, United States

Abaco Systems is a provider of open architecture computing and electronic systems for aerospace, defense, and industrial solutions. The Company's portfolio of commercial-off-the-shelf ("COTS") products is based on high-performance, rugged computing technologies and custom designs for use in a wide array of applications and is designed to withstand harsh environments such as extreme temperature, high vibration and exposure to natural elements. Abaco Systems was founded in 2015 and is based in Huntsville, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 Cotiviti

South Jordan, Utah, United States

Cotiviti is a healthcare service provider that leverages data analytics and technology to limit costs and ensure regulatory compliance for various stakeholders in the healthcare industry, including payors, providers, and employers. Cotiviti's deeply embedded analytic and predictive modeling solutions, complemented by deep subject matter expertise, empower clients to maximize profitability through cost reduction while improving the quality of healthcare, enhancing the patient experience and assuring appropriate and compliant reimbursement. Cotiviti is based in South Jordan, Utah.

Buy $820M