M&A Deal Summary

Sybase Acquires Mobile 365

On September 5, 2006, Sybase acquired information technology company Mobile 365 from Investcorp International for 400M USD

Acquisition Highlights
  • This is Sybase’s 2nd transaction in the Information Technology sector.
  • This is Sybase’s largest (disclosed) transaction.
  • This is Sybase’s 5th transaction in the United States.
  • This is Sybase’s 1st transaction in Virginia.

M&A Deal Summary
Date 2006-09-05
Target Mobile 365
Sector Information Technology
Buyer(s) Sybase
Sellers(s) Investcorp International
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

Mobile 365

Chantilly, Virginia, United States
Mobile 365 is a global provider of mobile messaging and content delivery.

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Buyer(S) 1

Buyer

Sybase

Dublin, California, United States

website

Category Company
Founded 1984
Sector Software
Employees3,819
DESCRIPTION

Sybase, Inc. provides enterprise data base management, modeling and development, mobile enterprise, business intelligence and analytics, and mobile messaging solutions for individual and corporate customers in the United States and internationally.

DEAL STATS #
Overall 5 of 8
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 5 of 8
State (Virginia) 1 of 1
Country (United States) 5 of 7
Year (2006) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-29 Extended Systems

Boise, Indiana, United States

Extended Systems, Inc. provides connectivity products which improve the performance of personal computer systems and peripheral devices.

Buy $71M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Sybase 365

Dublin, California, United States

Sybase 365 LLC is a provider of mobile messaging services and data services.

Buy -

Seller(S) 1

SELLER

Investcorp International

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1982
PE ASSETS 21.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp International, Inc. is a publicly traded global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 32 of 106
Sector (Information Technology) 1 of 10
Type (Add-on Acquisition) 17 of 47
State (Virginia) 3 of 4
Country (United States) 23 of 62
Year (2006) 5 of 9
Size (of disclosed) 24 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-31 TimePartner

Hamburg, Germany

TimePartner is a provider of high standing and highly qualified temporary workers for commercial and technical professions. TimePartner was founded in 2004 and is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-19 Harborside Healthcare

Boston, Massachusetts, United States

Harborside Healthcare Corporation a leading provider of high quality long-term care and specialty medical services.

Sell $350M
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