M&A Deal Summary

Seagate Technology Acquires eVault

On December 21, 2006, Seagate Technology acquired internet software and services company eVault from Council Capital for 185M USD

Acquisition Highlights
  • This is Seagate Technology’s 1st transaction in the Internet Software and Services sector.
  • This is Seagate Technology’s 5th largest (disclosed) transaction.
  • This is Seagate Technology’s 4th transaction in the United States.
  • This is Seagate Technology’s 3rd transaction in California.
Investment Fate
  • eVault was divested to a consortium of strategic buyers in 2015 for 14M USD.

M&A Deal Summary
Date 2006-12-21
Target eVault
Sector Internet Software and Services
Buyer(s) Seagate Technology
Sellers(s) Council Capital
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

eVault

San Francisco, California, United States
website
eVault, Inc. is a provider of online backup services.

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Buyer(S) 1

Buyer

Seagate Technology

Dublin, Ireland

website

Category Company
Founded 1978
Sector Technology Hardware
Employees40,000
Revenue 11.7B USD (2022)
DESCRIPTION
Seagate facility in Fremont, California.
Seagate facility in Fremont, California.

Seagate Technology is a provider of technology and products enabling people to store, access, and manage information. The Company is committed to providing best-in-class products to help people get information when, where and how they want it. Seagate is the world's largest manufacturer of disc drives magnetic discs and read-write heads, an innovator in tape drives, and a leading developer of Business Intelligence software. Seagate Technology was founded in 1978 and is based in Dublin, Ireland.

DEAL STATS #
Overall 4 of 11
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 3 of 7
State (California) 3 of 4
Country (United States) 4 of 8
Year (2006) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-22 Maxtor

Milpitas, California, United States

Maxtor Corp. manufactures hard disk drives for desktop and consumer electronics application.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-07 MetaLINCS

Houston, Texas, United States

MetaLINCS is a provider of software services.

Buy -

Seller(S) 1

SELLER

Council Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

DEAL STATS #
Overall 1 of 13
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (California) 1 of 1
Country (United States) 1 of 13
Year (2006) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-11 Lancope

Alpharetta, Georgia, United States

Lancope, Inc. is a provider of next-generation network integrity solutions that deliver behavior-based threat detection, policy enforcement and insightful network intelligence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-04 Senior Whole Health

Cambridge, Massachusetts, United States

Senior Whole Health LLC is a privately-held company offering intensive, integrated case management services for Medicare/Medicaid dual eligibles and Medicare Part D. Senior Whole Health was founded in 2004 and is based in Cambridge, Massachusetts.

Buy -
Mergr

Product

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