M&A Deal Summary

Netsmart Acquires Defran Systems

On January 3, 2013, Netsmart acquired software company Defran Systems

Acquisition Highlights
  • This is Netsmart’s 2nd transaction in the Software sector.
  • This is Netsmart’s 3rd transaction in the United States.
  • This is Netsmart’s 1st transaction in New York.

M&A Deal Summary

Date 2013-01-03
Target Defran Systems
Sector Software
Buyer(s) Netsmart
Deal Type Add-on Acquisition
Advisor(s) Avondale Partners (Financial)

Target

Defran Systems

New York, New York, United States
Defran Systems is a leading developer of single solution case, clinical and financial management software for the Human and Social Services Industries.

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Buyer(S) 1

Buyer

Netsmart

Overland Park, Kansas, United States

Category Company
Founded 1968
Sector Internet Software and Services
Employees337
DESCRIPTION

Netsmart is a provider of enterprise software and software as a service (SaaS) solutions for health and human services providers. Netsmart provides technology and expertise to help health and human services providers deliver effective, outcomes-based services and care to more than 25 million persons nationwide. Netsmart clients include mental health and addiction services agencies, health homes, psychiatric hospitals, private and group mental health practices, public health departments, social services, child and family services agencies, managed care organizations and vital records offices. Netsmart was founded in 1968 and is based in Overland Park, Kansas.


DEAL STATS #
Overall 3 of 16
Sector: Software M&A 2 of 6
Type: Add-on Acquisition M&A Deals 3 of 14
State: New York M&A 1 of 1
Country: United States M&A 3 of 16
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-23 MainTree Systems

Johnson City, Tennessee, United States

MainTree Systems is a privately owned Internet and software development company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Trend Consulting Services

Solon, Ohio, United States

Trend Consulting Services, Inc. is a provider of comprehensive information technology (IT) outsourcing and infrastructure support services.

Buy -