M&A Deal Summary

Lumine Group Acquires Tomia

On June 13, 2022, Lumine Group acquired software company Tomia from Vista Equity Partners

Acquisition Highlights
  • This is Lumine Group’s 4th transaction in the Software sector.
  • This is Lumine Group’s 3rd transaction in the United States.
  • This is Lumine Group’s 1st transaction in Virginia.

M&A Deal Summary

Date 2022-06-13
Target Tomia
Sector Software
Buyer(s) Lumine Group
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Arma Partners (Financial)

Target

Tomia

Vienna, Virginia, United States
Tomia is a provider of interconnect and settlement software solutions to telecom communication service providers (CSPs) worldwide. The Company’s products drive ROI for customers by enabling and optimizing the connecting, routing, and transfer of voice, video, and data from one CSP’s network to another. Tomia supports a global community of over 4,000 carriers, including 38 of the top 40, and processes over 300 billion voice, SMS, content, and data minutes each year. Tomia was founded in 1996 and is based in Vienna, Virginia.

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Buyer(S) 1

Buyer

Lumine Group

Mississauga, Ontario, Canada

Category Company
Sector Communications
DESCRIPTION

Lumine Group is a provider of communications and media software portfolios. Lumine offers communications and media software companies the ability to grow, retain independence, and focus on the needs of their customers and employees, with the strong financial backing of Volaris. Lumine Group is based in Mississauga, Ontario.


DEAL STATS #
Overall 6 of 15
Sector: Software M&A 4 of 8
Type: Add-on Acquisition M&A Deals 5 of 10
State: Virginia M&A 1 of 1
Country: United States M&A 3 of 8
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-02 NetEngage

Pittsford, New York, United States

NetEngage is a mobile network solutions business of Concentrix. The business includes software capabilities in the areas of Call Completion, Messaging, and Online Charging for communications services providers worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 WideOrbit

San Francisco, California, United States

WideOrbit helps media companies do more business by making it easier to buy and sell advertising. It is the system of record for more than $37 billion in advertising spend annually. The company brings a Wider-World approach, providing broader capabilities, bigger insights, and better connections that media companies need. WideOrbit was formed in 1999 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 63 of 72
Sector: Software M&A 24 of 28
Type: Add-on Acquisition M&A Deals 30 of 36
State: Virginia M&A 4 of 4
Country: United States M&A 59 of 68
Year: 2022 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 BetterCloud

New York, New York, United States

BetterCloud is a SaaS Management Platform provider enabling IT professionals to transform their employee experience, maximize operational efficiency, and centralize data protection. With no-code automation enabling zero-touch workflows, thousands of forward-thinking organizations like Block (formerly Square), Oscar Health, and HelloFresh now rely on BetterCloud to automate processes and policies across their cloud application portfolio. BetterCloud was formed in 2011 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Avalara

Seattle, Washington, United States

Avalara provides a suite of cloud-based solutions designed to improve accuracy and efficiency by automating the processes of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. Avalara was formed in 2004 and is based in Seattle, Washington.

Buy $8.4B