M&A Deal Summary

The Advisory Board Company Acquires Concuity

On March 2, 2010, The Advisory Board Company acquired software company Concuity from Trintech for 35M USD

Acquisition Highlights
  • This is The Advisory Board Company’s 2nd transaction in the Software sector.
  • This is The Advisory Board Company’s 2nd largest (disclosed) transaction.
  • This is The Advisory Board Company’s 2nd transaction in the United States.
  • This is The Advisory Board Company’s 1st transaction in Illinois.

M&A Deal Summary
Date 2010-03-02
Target Concuity
Sector Software
Buyer(s) The Advisory Board Company
Sellers(s) Trintech
Deal Type Divestiture
Deal Value 35M USD
Advisor(s) Robert W. Baird & Co., Inc.
Duff & Phelps Corp. (Financial)

Target

Concuity

Vernon Hills, Illinois, United States
Concuity, Inc. is a provider of software services for hospitals and physician groups.

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Buyer(S) 1

Buyer

The Advisory Board Company

Washington, District of Columbia, United States

website

Category Company
Founded 1979
Sector Business Services
Employees3,500
Revenue 768M USD (2015)
DESCRIPTION

The Advisory Board Company is a global research, consulting, and technology firm helping hospital and health system leaders improve the quality and efficiency of patient care. The company provides strategic guidance, actionable insights, and comprehensive implementation and management services.

DEAL STATS #
Overall 2 of 8
Sector (Software) 2 of 3
Type (Divestiture) 1 of 1
State (Illinois) 1 of 2
Country (United States) 2 of 8
Year (2010) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-27 Crimson

Austin, Texas, United States

Crimson is a provider of data, analytics and business intelligence software to hospitals, health systems, and physician clinics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-04 Cielo MedSolutions

Ann Arbor, Michigan, United States

Cielo MedSolutions LLC is a provider of healthcare software and Web applications. Headquartered in Ann Arbor, Michigan, the company’s web-based Cielo ClinicTM software-as-a-service (SaaS) offering is a clinical quality management system that combines an all-problem & all-patient registry, clinical decision support, e-prescribing, care management, population management and performance reporting to help ambulatory care providers proactively provide continuous and comprehensive care support initiatives such as patient-centered medical homes, pay-for-performance programs, clinical integration and quality improvement.

Buy -

Seller(S) 1

SELLER

Trintech

Plano, Texas, United States

website

Category Company
Founded 1993
Sector Software
DESCRIPTION

Trintech is a provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech's innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. Trintech was founded in 1993 and is based in Plano, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-19 Globeset

Austin, Texas, United States

Globeset was a provider of e-commerce services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Chesapeake System Solutions

Birmingham, Alabama, United States

Chesapeake System Solutions, Inc. is a provider of workflow software, UPCS unclaimed property compliance software, SmartTreasury financial risk management software, and SmartAnalysis bank statement analysis functionality for the retail, banking, financial services, and insurance industries. Core products are T-Recs account reconciliation.

Buy -
Mergr

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