M&A Deal Summary

The Active Network Acquires ServiceU

On October 3, 2011, The Active Network, Inc. acquired software company ServiceU Corp. for 11M USD

Acquisition Highlights
  • This is The Active Network’s 7th transaction in the Software sector.
  • This is The Active Network’s 2nd largest (disclosed) transaction.
  • This is The Active Network’s 22nd transaction in the United States.
  • This is The Active Network’s 4th transaction in Tennessee.

M&A Deal Summary

Date 2011-10-03
Target ServiceU Corp.
Sector Software
Buyer(s) The Active Network, Inc.
Deal Type Add-on Acquisition
Deal Value 11M USD
Advisor(s) Vista Point Advisors (Financial)

Target

ServiceU Corp.

Memphis, Tennessee, United States
ServiceU Corporation is a software provider that helps churches, schools, and nonprofits simplify and automate administrative processes through online transaction services.

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Buyer(S) 1

Buyer

The Active Network, Inc.

San Diego, California, United States

website


Category Company
Founded 1998
SectorInternet Software and Services
DESCRIPTION
The Active Network, Inc.
The Active Network's corporate headquarters in San Diego, California.

The Active Network, Inc. is a provider of cloud-based activity and participant management solutions serving a wide range of customer groups including business solutions, community activities, the public sector and outdoors and sports. The Active Network provides applications that form an online network connecting a fragmented and diverse group of activity and event organizers with a large base of potential participants. The Company's technology platform helps organizers manage their activities and events by automating online registrations and streamlining other critical management functions. The Active Network, Inc. was formed in 1998 and is based in San Diego, California.


DEAL STATS #
Overall 23 of 32
Sector (Software) 7 of 11
Type (Add-on Acquisition) 20 of 29
State (Tennessee) 4 of 4
Country (United States) 22 of 29
Year (2011) 2 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-08 Fellowship Technologies

Irving, Texas, United States

Fellowship Technologies provides solutions that allow dynamic churches of all sizes to focus on their call to serve and minister to people. Today, Fellowship One is the leading 100% web-based church management software used by ministries around the world, ranging from new church plants to mega-sized, multi-site churches.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-10 RTP LLC

Avon, Colorado, United States

RTP LLC is a cloud based enterprise solutions company serving the ski resort market.

Buy -