M&A Deal Summary

Prometheus Group Acquires VIZIYA

On May 19, 2020, Prometheus Group acquired software company VIZIYA from Wi-Lan for 49M CAD

Acquisition Highlights
  • This is Prometheus Group’s 6th transaction in the Software sector.
  • This is Prometheus Group’s largest (disclosed) transaction.
  • This is Prometheus Group’s 2nd transaction in Canada.
  • This is Prometheus Group’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2020-05-19
Target VIZIYA
Sector Software
Buyer(s) Prometheus Group
Sellers(s) Wi-Lan
Deal Type Divestiture
Deal Value 49M CAD

Target

VIZIYA

Hamilton, Ontario, Canada
website
VIZIYA Corp. is a provider of bolt-on software products to enhance ERP-based asset maintenance systems, delivering seamless integration, and improving every stage of the maintenance process. VIZIYA was formed in 2007 and is headquartered in Hamilton, Ontario, with offices in Houston, Atlanta, Greenville, Newport Beach, Madrid, Frankfurt, Pretoria, Cape Town, Brisbane, and Perth.

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Buyer(S) 1

Buyer

Prometheus Group

Raleigh, North Carolina, United States

website

Category Company
Sector Software
DESCRIPTION

Prometheus Group is a global provider of comprehensive and intuitive enterprise asset management software solutions specializing in improving the efficiency and effectiveness of maintenance planning, scheduling, and execution. Developed jointly with end users, Prometheus software enhances the customer experience with intuitive functionality, graphical visualization, and simple processes, enabling the company’s customers to increase productivity, reduce costs and improve reporting. Prometheus Group is based in Raleigh, North Carolina.

DEAL STATS #
Overall 8 of 14
Sector (Software) 6 of 11
Type (Divestiture) 1 of 1
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2020) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-22 Work Technology

Cambridge, Massachusetts, United States

Work Technology Corp. is a provider of contractor management and productivity solutions software. Work Technology was founded in 1993 and is based in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 Utopia Global

Mundelein, Illinois, United States

Utopia Global, Inc. is a global data solutions company. Utopia’s full suite of proprietary software and consulting services enable enterprise-class clients to build, fix, and sustain high integrity data that serves as the foundation for their digital transformation initiatives.

Buy -

Seller(S) 1

SELLER

Wi-Lan

Ottawa, Ontario, Canada

website

Category Company
Founded 1992
Sector Information Technology
Employees66
Revenue 98M USD (2014)
DESCRIPTION

Wi-Lan, Inc. is a developer of patented technologies, which are used in products in the communications and consumer electronics markets. The Company was founded in 1992 and is based in Ottawa, Canada.

DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Divestiture) 3 of 3
State (Ontario) 3 of 3
Country (Canada) 3 of 3
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 IBM - Patent Portfolio

Armonk, New York, United States

IBM's Patent Portfolio relate to semiconductor manufacturing process technologies.

Buy -
Mergr

Product

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