M&A Deal Summary

Software Acquires StreamSets

On February 28, 2022, Software acquired software company StreamSets from Battery Ventures for 524M EUR

Acquisition Highlights
  • This is Software’s 14th transaction in the Software sector.
  • This is Software’s largest (disclosed) transaction.
  • This is Software’s 11th transaction in the United States.
  • This is Software’s 5th transaction in California.
Investment Fate
  • StreamSets was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary

Date 2022-02-28
Target StreamSets
Sector Software
Buyer(s) Software
Sellers(s) Battery Ventures
Deal Type Add-on Acquisition
Deal Value 524M EUR

Target

StreamSets

San Francisco, California, United States
website
StreamSets provides an innovative data operations platform that reinvents how enterprises deliver timely and trustworthy data to their critical applications. StreamSets Data Collector is an open source software for the development of any-to-any dataflows. StreamSets Dataflow Performance Manager provides a comprehensive control panel for managing the day-to-day operation of complex dataflow topologies. StreamSets was founded in 2014 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Software

Darmstadt, Germany

website


Category Company
Founded 1969
Sector Software
Employees4,696
Revenue 834M EUR (2021)
DESCRIPTION

Software is a provider of infrastructure software. The company conducts its operations through two business divisions: enterprise Transaction Systems and webmethods. Software was founded in 1969 and is based in Darmstadt, Germany.


DEAL STATS #
Overall 18 of 18
Sector (Software) 14 of 14
Type (Add-on Acquisition) 16 of 16
State (California) 5 of 5
Country (United States) 11 of 11
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Built.io

San Francisco, California, United States

Built.io is a provider of cloud integration platform for enterprise - Built.io Flow - enabling developers and business users alike to integrate anything, automate workflows, and embed connectivity into applications with ease.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 StreamSets

San Francisco, California, United States

StreamSets provides an innovative data operations platform that reinvents how enterprises deliver timely and trustworthy data to their critical applications. StreamSets Data Collector is an open source software for the development of any-to-any dataflows. StreamSets Dataflow Performance Manager provides a comprehensive control panel for managing the day-to-day operation of complex dataflow topologies. StreamSets was founded in 2014 and is based in San Francisco, California.

Sell -

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $20 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 52 of 59
Sector (Software) 18 of 22
Type (Add-on Acquisition) 27 of 31
State (California) 11 of 12
Country (United States) 44 of 47
Year (2022) 1 of 5
Size (of disclosed) 7 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 LI-COR

Lincoln, Nebraska, United States

LI-COR engages in developing high-quality instrument systems used for plant research, gas analysis, drug discovery, protein research, and small animal imaging. LI-COR was founded in 1971 and is based in Lincoln, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Forterro

London, United Kingdom

Forterro is a group of companies that deliver ERP software to SMEs in specialized geographical or vertical markets. Forterro operates business units in Sweden, Switzerland and France, as well as regional office locations and research and development centers around the world. Forterro was founded in 2012 and is headquartered in London, United Kingdom.

Sell €1.0B