M&A Deal Summary

New Era of Networks Acquires Convoy

On December 5, 2000, New Era of Networks acquired software company Convoy for 42M USD

Acquisition Highlights
  • This is New Era of Networks’ 1st transaction in the Software sector.
  • This is New Era of Networks’ largest (disclosed) transaction.
  • This is New Era of Networks’ 1st transaction in the United States.

M&A Deal Summary

Date 2000-12-05
Target Convoy
Sector Software
Buyer(s) New Era of Networks
Deal Type Add-on Acquisition
Deal Value 42M USD

Target

Convoy

United States
Convoy Corp. is a privately held provider of application integration software for PeopleSoft applications.

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Buyer(S) 1

Buyer

New Era of Networks

Englewood, Colorado, United States

Category Company
Founded 1995
Sector Software
DESCRIPTION

NEON develops a suite of products that allow disparate business applications to communicate with one another.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1