M&A Deal Summary

LLR Partners Acquires Codiscope

On February 2, 2015, private equity firm LLR Partners acquired software company Codiscope from Cigital

Acquisition Highlights
  • This is LLR Partners’ 13th transaction in the Software sector.
  • This is LLR Partners’ 61st transaction in the United States.
  • This is LLR Partners’ 4th transaction in Massachusetts.
Investment Fate
  • Codiscope was sold to a publicly-traded strategic buyer in 2016.

M&A Deal Summary

Date 2015-02-02
Target Codiscope
Sector Software
Buyer(s) LLR Partners
Sellers(s) Cigital
Deal Type Divestiture

Target

Codiscope

Boston, Massachusetts, United States
website
Codiscope LLC is a provider of tools to improve the quality of software everywhere, fitting modern agile development processes by detecting and immediately eliminating vulnerabilities as they're introduced. Codiscope empowers every developer, from the smallest startup to the largest enterprise, to build security in from the start even if they're not security experts.

Search 177,782 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $15 to $100 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 62 of 117
Sector (Software) 13 of 25
Type (Divestiture) 2 of 3
State (Massachusetts) 4 of 5
Country (United States) 61 of 116
Year (2015) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Vector Solutions

Tampa, Florida, United States

Vector Solutions is a provider of SaaS-based compliance and safety-focused eLearning and performance optimization solutions serving three end-markets: Public Sector, Education, and Commercial. Vector’s solutions are underpinned by the company’s library of proprietary content (over 7,500 courses with over 30,000 associated accreditations) which is delivered through a SaaS-based software platform to address customers’ mission critical compliance, safety, and regulatory needs. Vector Solutions was founded in 1999 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Key2Act

New Berlin, Wisconsin, United States

Key2Act is a provider of end-to-end field services software and solutions. The Company’s platform offers highly tailored vertical solutions based on extensive field services operations expertise and enables customers to manage and streamline the installation, maintenance and repair processes with a strong emphasis in mobility. Key2Act was founded in 1995 and is based in New Berlin, Wisconsin.

Buy -

Seller(S) 1

SELLER

Cigital

Dulles, Virginia, United States

website


Category Company
Founded 1992
Sector Software
DESCRIPTION

Cigital, Inc. is a provider of software security services and solutions. Cigital helps customers design, build, test and maintain secure software through a combination of expert consultants, innovative technologies, and effective training built on over twenty years of cutting-edge research and successful client engagements.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-28 iViZ Security

Boston, Massachusetts, United States

iViZ Security, Inc. is a provider of cloud-based application testing. iViZ combines high quality testing with flexibility and scalability, enabling organizations to effectively reduce risk across their application portfolio.

Buy -