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  6. ALA Services Acquires Adaptive Computing Enterprises

M&A Deal Summary

ALA Services Acquires Adaptive Computing Enterprises

On September 20, 2016, ALA Services acquired software company Adaptive Computing Enterprises from Spring Lake Equity Partners

Acquisition Highlights
  • This is ALA Services’ 1st transaction in the Software sector.
  • This is ALA Services’ 1st transaction in the United States.
  • This is ALA Services’ 1st transaction in Utah.

M&A Deal Summary
Date 2016-09-20
Target Adaptive Computing Enterprises
Sector Software
Buyer(s) ALA Services
Sellers(s) Spring Lake Equity Partners
Deal Type Add-on Acquisition

Target

Adaptive Computing Enterprises

Provo, Utah, United States
Adaptive Computing Enterprises, Inc. is a provider of workload and resource orchestration software. Adaptive Computing Enterprises, Inc. was founded in 2001 and is based in Provo, Utah.

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Buyer(S) 1

Buyer

ALA Services

Naples, Florida, United States
Category Company
Sector Financial Services
DESCRIPTION

ALA Services LLC is an enterprise software investment company.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Utah M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Spring Lake Equity Partners

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2013
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.

DEAL STATS #
Overall 35 of 39
Sector: Software M&A 9 of 10
Type: Add-on Acquisition M&A Deals 20 of 23
State: Utah M&A 3 of 3
Country: United States M&A 35 of 38
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Dorado Systems

Haddonfield, New Jersey, United States

Dorado Systems LLC is a provider of healthcare EDI solutions designed to accelerate the connection between healthcare providers and a multitude of insurance carriers, vendors and clearinghouses utilizing both real-time and batch processing. Dorado Systems LLC was founded in 2007 and is based in Haddonfield, new Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-14 Single Digits

Bedford, New Hampshire, United States

Single Digits is a provider of high-speed internet access (HSIA) management and support solutions, guest management software and technical support services. Single Digits was founded in 2003 and is based in Bedford, New Hampshire.

Sell -
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