M&A Deal Summary

Take Solutions Acquires ClearOrbit

On June 25, 2007, Take Solutions acquired information technology company ClearOrbit from JMI Equity for 21M USD

Acquisition Highlights
  • This is Take Solutions’ 1st transaction in the Information Technology sector.
  • This is Take Solutions’ largest (disclosed) transaction.
  • This is Take Solutions’ 1st transaction in the United States.
  • This is Take Solutions’ 1st transaction in Texas.

M&A Deal Summary
Date 2007-06-25
Target ClearOrbit
Sector Information Technology
Buyer(s) Take Solutions
Sellers(s) JMI Equity
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

ClearOrbit

Austin, Texas, United States
website
ClearOrbit, Inc. is a provider of supply chain execution (SCE) solutions to manufacturing and distribution companies.

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Buyer(S) 1

Buyer

Take Solutions

Chennai, India

website

Category Company
Founded 2000
Sector Information Technology
Employees1,288
Revenue 6.6B INR (2022)
DESCRIPTION

Take Solutions is a technology solutions and service provider, with significant focus across two principal business areas – Life Sciences and Supply Chain Management. Take Solutions was founded in 2000 and is based in Chennai, India.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-06 WCI Consulting

Denmead, United Kingdom

WCI Consulting Ltd. is a provider of IT solutions for life science industry. WCI is to deliver world class levels of performance and compliance for leading businesses in Life Sciences.

Buy -

Seller(S) 1

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 29 of 105
Sector (Information Technology) 5 of 14
Type (Add-on Acquisition) 21 of 66
State (Texas) 4 of 9
Country (United States) 27 of 93
Year (2007) 2 of 4
Size (of disclosed) 34 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-05 Seismic Micro-Technology

Houston, Texas, United States

Seismic Micro-Technology, Inc. is a provider of Windows-based geophysical and geological interpretation software for the upstream exploration and production (E&P) industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-27 PROS

Houston, Texas, United States

PROS is a provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. PROS was founded in 1985 and is based in Houston, Texas.

Sell -
Mergr

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