M&A Deal Summary

Sterling Software Acquires Texas Instruments - Software Business

On April 21, 1997, Sterling Software acquired software company Texas Instruments - Software Business from Texas Instruments for 165M USD

Acquisition Highlights
  • This is Sterling Software’s 1st transaction in the Software sector.
  • This is Sterling Software’s largest (disclosed) transaction.
  • This is Sterling Software’s 1st transaction in the United States.
  • This is Sterling Software’s 1st transaction in Texas.

M&A Deal Summary
Date 1997-04-21
Target Texas Instruments - Software Business
Sector Software
Buyer(s) Sterling Software
Sellers(s) Texas Instruments
Deal Type Divestiture
Deal Value 165M USD

Target

Texas Instruments - Software Business

Plano, Texas, United States
Texas Instruments - Software Business is an applications development software.

Search 193,448 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Sterling Software

Dallas, Texas, United States

website

Category Company
Founded 1981
Sector Software
Employees3,700
DESCRIPTION

Sterling Software, Inc., is a computer software company develops and supplies electronic data interchange, otherwise known as EDI.

DEAL STATS #
Overall 1 of 4
Sector (Software) 1 of 3
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 4
Year (1997) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-26 Cayenne Software

Burlington, Massachusetts, United States

Cayenne Software, Inc. develops, markets and supports analysis and design solutions for software developers. The company's services include modelling business requirements, designing and re-engineering databases, developing and deploying.

Buy -

Seller(S) 1

SELLER

Texas Instruments

Dallas, Texas, United States

website

Category Company
Founded 1930
Sector Semiconductors
Employees30,000
Revenue 18.3B USD (2021)
DESCRIPTION
Entrance to Texas Instruments' corporate headquarters in Dallas, Texas.
Entrance to Texas Instruments' corporate headquarters in Dallas, Texas.

Texas Instruments is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. Texas Instruments was formed in 1930 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 12
Sector (Software) 1 of 2
Type (Divestiture) 5 of 12
State (Texas) 3 of 7
Country (United States) 5 of 12
Year (1997) 3 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-03-03 Intersect Technologies

San Pedro, California, United States

Intersect Technologies, Inc. is a technology provider engaged in the design and development of software, firmware and hardware for the mass storage market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-05-13 Texas Instruments - Multipoint Systems Business

Dallas, Texas, United States

Texas Instruments - Multipoint Systems Business is a provider of two-way communications system that enables a wireless delivery of broadband and narrowband services.

Sell -
Mergr

Product

Company

Legal