M&A Deal Summary

SunGard Data Systems Acquires Microbank Software

On February 17, 2000, SunGard Data Systems acquired software company Microbank Software from Summit Partners

Acquisition Highlights
  • This is SunGard Data Systems’ 1st transaction in the Software sector.
  • This is SunGard Data Systems’ 1st transaction in the United States.
  • This is SunGard Data Systems’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2000-02-17
Target Microbank Software
Sector Software
Buyer(s) SunGard Data Systems
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

Microbank Software

Livingston, New Jersey, United States
Microbank Software, Inc. develops, markets and supports software products that automate client service, account reconciliation, and data management for financial institutions.

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Buyer(S) 1

Buyer

SunGard Data Systems

Wayne, Pennsylvania, United States

Category Company
Founded 1982
Sector Software
Employees17,000
Revenue 4.5B USD (2013)
DESCRIPTION
Sungard campus in Downers Grove, Illinois.
Sungard campus in Downers Grove, Illinois.

SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.


DEAL STATS #
Overall 1 of 14
Sector: Software M&A 1 of 9
Type: Add-on Acquisition M&A Deals 1 of 12
State: New Jersey M&A 1 of 2
Country: United States M&A 1 of 11
Year: 2000 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-15 Comdisco - Disaster Recovery Business

Rosemont, Illinois, United States

Comdisco's Disaster Recovery Business assists small to medium sized companies with IT systems and disaster recovery solutions.

Buy $825M

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 64 of 298
Sector: Software M&A 13 of 56
Type: Add-on Acquisition M&A Deals 19 of 134
State: New Jersey M&A 4 of 10
Country: United States M&A 62 of 258
Year: 2000 M&A 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-10 COMPS.com

San Diego, California, United States

COMPS.com, Inc. is a database publisher and information services provider of confirmed real estate transaction data for residential and commercial properties.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 Mind

Yokneam Illit, Israel

Mind provides billing and customer care, accounting, and management solutions for multiple IP services, including voice, data, content, and unified messaging. Mind was founded in 1995 and is based in Yokneam Illit, Israel.

Buy -