M&A Deal Summary

Activant Solutions Acquires Eclipse

On August 17, 2007, Activant Solutions acquired software company Eclipse from Intuit for 100M USD

Acquisition Highlights
  • This is Activant Solutions’ 2nd transaction in the Software sector.
  • This is Activant Solutions’ largest (disclosed) transaction.
  • This is Activant Solutions’ 2nd transaction in the United States.
  • This is Activant Solutions’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2007-08-17
Target Eclipse
Sector Software
Buyer(s) Activant Solutions
Sellers(s) Intuit
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

Eclipse

Connecticut, United States
Eclipse is a provider of business management software solutions for wholesale distributors in a number of market segments, including plumbing-heating-cooling-piping, electrical, building materials, industrial, janitorial and floor coverings.

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Buyer(S) 1

Buyer

Activant Solutions

Livermore, California, United States
Category Company
Founded 1972
Sector Software
DESCRIPTION

Activant Solutions Inc. is a technology provider of business management solutions serving mid-market retails and distributors. Activant provides customers with industry-specific software, professional services, content, supply chain connectivity, and analytics. Activant’s systems are designed to help customers increase sales, boost productivity, operate more cost-efficiently, improve inventory turns and enhance trading partner relationships. Activant has operations in California, Texas, Colorado, Illinois, Pennsylvania, South Carolina, Canada, Ireland and the United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Prophet 21

Yardley, Pennsylvania, United States

Prophet 21, Inc. is a provider of enterprise software and services to the durable goods distribution market.

Buy -

Seller(S) 1

SELLER

Intuit

Mountain View, California, United States
Category Company
Founded 1983
Sector Software
Employees17,300
Revenue 14.4B USD (2023)
DESCRIPTION
Intuit's corporate headquarters in Mountain View, California.
Intuit's corporate headquarters in Mountain View, California.

Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.

DEAL STATS #
Overall 3 of 12
Sector (Software) 2 of 4
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 3 of 12
Year (2007) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-07 Digital Insight

Menlo Park, California, United States

Digital Insight, formerly the Financial Services division of Intuit, Inc., helps banks and credit unions grow by offering innovative online and mobile banking solutions that make it easier for consumers and businesses to manage their money.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-26 Homestead Technologies

Menlo Park, California, United States

Homestead Technologies Inc. provides a suite of easy-to-use, non-technical Web site creation products, e-commerce solutions and online marketing products and services for small businesses and organizations that wish to establish or enhance their presence online.

Buy $170M
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