M&A Deal Summary

Siris Capital Group Acquires IntraLinks Holdings

On October 17, 2017, private equity firm Siris Capital Group acquired internet software and services company IntraLinks Holdings from Synchronoss Technologies for 1.0B USD

Acquisition Highlights
  • This is Siris Capital Group’s 2nd transaction in the Internet Software and Services sector.
  • This is Siris Capital Group’s 6th largest (disclosed) transaction.
  • This is Siris Capital Group’s 11th transaction in the United States.
  • This is Siris Capital Group’s 1st transaction in New York.
Investment Fate
  • IntraLinks Holdings was sold to a publicly-traded strategic buyer in 2018 for 1.5B USD.

M&A Deal Summary

Date 2017-10-17
Target IntraLinks Holdings
Sector Internet Software and Services
Buyer(s) Siris Capital Group
Sellers(s) Synchronoss Technologies
Deal Type Divestiture
Deal Value 1.0B USD

Target

IntraLinks Holdings

New York City, New York, United States
website
IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

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Buyer(S) 1

Buyer

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.


DEAL STATS #
Overall 11 of 18
Sector (Internet Software and Services) 2 of 4
Type (Divestiture) 2 of 3
State (New York) 1 of 1
Country (United States) 11 of 17
Year (2017) 2 of 2
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 Xura

Wakefield, Massachusetts, United States

Xura is a provider of IT solutions to global communications across a variety of mobile devices and platforms. The company helps communication service providers (CSPs) and enterprises navigate and monetize the digital ecosystem to create innovative, new experiences through our cloud-based offerings. Xura was founded in 1997 and is based in Wakefield, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 Polycom

San Jose, California, United States

Polycom, Inc. is a provider in open standards-based unified communications and collaboration (UC&C) solutions for voice and video collaboration. Polycom solutions are powered by the Polycom RealPresence Platform, comprehensive software infrastructure and rich APIs that interoperate with the broadest set of communication, business, mobile and cloud applications and devices to deliver secure face-to-face video collaboration in any environment. Polycom was formed in 1990 and is based in San Jose, California.

Sell $2.0B

Seller(S) 1

SELLER

Synchronoss Technologies

Bridgewater, New Jersey, United States

website


Category Company
Founded 2000
Sector Software
Employees1,598
Revenue 292M USD (2020)
DESCRIPTION

Synchronoss Technologies is a provider in cloud solutions and software based activation serving communication service providers. Synchronoss Technologies was founded in 2000 and is based in Bridgewater, New Jersey.


DEAL STATS #
Overall 1 of 3
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 3
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 IntraLinks Holdings

New York City, New York, United States

IntraLinks Holdings, Inc. is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes, and secure high-value information. With a 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $31.3 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology.

Buy $821M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-04 Dixons Carphone - Honeybee Software Business

London, United Kingdom

Dixons Carphone plc - Honeybee Software Business offers a proven, market-leading digital transformation platform that makes it easier for companies to design and launch exceptional omni-channel customer journeys.

Buy -