M&A Deal Summary

Pluralsight Acquires A Cloud Guru

On June 2, 2021, Pluralsight acquired internet software and services company A Cloud Guru from Summit Partners and Bain Capital Tech Opportunities

Acquisition Highlights
  • This is Pluralsight’s 5th transaction in the Internet Software and Services sector.
  • This is Pluralsight’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-06-02
Target A Cloud Guru
Sector Internet Software and Services
Buyer(s) Pluralsight
Sellers(s) Summit Partners
Bain Capital Tech Opportunities
Deal Type Add-on Acquisition
Advisor(s) J.P. Morgan Securities (Financial)
Latham & Watkins (Legal)

Target

A Cloud Guru

Twickenham, United Kingdom
A Cloud Guru is a learning and talent development platform for cloud computing, delivering world-class courses by engineers, for engineers. A Cloud Guru state-of-the-art platform provides both businesses and individuals with the ability to stay current, stay relevant, and deliver results with cloud computing. To date, more than 850,000 students across 186 countries have taken our courses, labs, and quizzes. A Cloud Guru was founded in 2015 and is based in Twickenham, United Kingdom.

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Buyer(S) 1

Buyer

Pluralsight

Draper, Utah, United States

Category Company
Founded 2004
Sector Internet Software and Services
Revenue 317M USD (2019)
DESCRIPTION

Pluralsight is a provider of technical skill development solutions. The Company's cloud-based technology learning platform provides a broad range of tools, including skill assessments, a curated library of courses, learning paths, and business analytics. Pluralsight was formed in 2004 and is based in Draper, Utah.


DEAL STATS #
Overall 12 of 12
Sector: Internet Software and Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 12 of 12
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Next Tech

San Diego, California, United States

Next Tech is a provider of cloud-based computing environments, enabling the authoring and hosting of labs in software development, data science and machine learning.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-05 Flow

United States

Flow is an enterprise software product for Software Engineering Intelligence (SEI)

Sell -

Seller(S) 2

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 256 of 298
Sector: Internet Software and Services M&A 21 of 30
Type: Add-on Acquisition M&A Deals 114 of 134
Country: United Kingdom M&A 6 of 6
Year: 2021 M&A 7 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 ReCharge

Santa Monica, California, United States

ReCharge is a provider of subscription management software for e-commerce. ReCharge's billing and payment management solutions to grow their business by increasing customer lifetime value and reducing customer churn. Today, ReCharge powers subscriptions for nearly 20 million subscribers across 15,000 merchants, including fast-growing brands such as Billie, LOLA, and Hubble. ReCharge was founded in 2014 and is based in Santa Monica, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Wowza Media Systems

Lakewood, Colorado, United States

Wowza Media Systems develops high-performance media server software that enables service providers, media properties, enterprises, and other organizations to deliver video and other rich media content to any digital device, including computer, mobile or TV. Wowza Media Systems was founded in 2007 and is based in Lakewood, Colorado.

Sell -
SELLER

Bain Capital Tech Opportunities

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2019
PE ASSETS 4.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bain Capital Tech Opportunities is the technology oriented investment arm of Bain Capital. The Group is dedicated to partnering with and building growth-focused technology companies across the US. Bain Capital Tech Opportunities is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Axtria

Berkeley Heights, New Jersey, United States

Axtria is a global provider of award-winning cloud software and data analytics to the Life Sciences industry. Axtria’s solutions are used to digitally transform the entire product commercialization process, drive sales growth, and improve healthcare outcomes for patients. Axtria was founded in 2010 and is based in Berkeley Heights, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-15 Bionexo

Sao Paulo, Brazil

Bionexo provides an integrated suite of cloud software and marketplace technology tools to help hospitals efficiently source critical care products while empowering suppliers to extend their reach and acqiure new customers. Bionexo is based in Sao Paulo, Brazil.

Buy -