M&A Deal Summary

Apple Acquires Shazam Entertainment

On December 11, 2017, Apple acquired internet software and services company Shazam Entertainment from Azini Capital Partners for 400M USD

Acquisition Highlights
  • This is Apple’s 29th transaction in the Internet Software and Services sector.
  • This is Apple’s 5th largest (disclosed) transaction.
  • This is Apple’s 8th transaction in the United Kingdom.

M&A Deal Summary
Date 2017-12-11
Target Shazam Entertainment
Sector Internet Software and Services
Buyer(s) Apple
Sellers(s) Azini Capital Partners
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

Shazam Entertainment

London, United Kingdom
Shazam is one of the most popular apps of all time, downloaded over a billion times and used by hundreds of millions of people each month to connect to the world around them. Company pioneered music-recognition technology, but Shazam has become the destination for discovering all types of content–all with one tap: audio, video, print, augmented reality and more.

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Buyer(S) 1

Buyer

Apple

Cupertino, California, United States
Category Company
Founded 1977
Sector Technology Hardware
Employees164,000
Revenue 383.3B USD (2023)
DESCRIPTION

Apple is a diversified technology company offering technology hardware, software, and media. Apple sells a line of computers, cell phones, tablets - as well as manages an ecosystem of apps. Apple was founded in 1977 and is based in Cupertino, California.

DEAL STATS #
Overall 89 of 112
Sector (Internet Software and Services) 29 of 35
Type (Add-on Acquisition) 89 of 111
Country (United Kingdom) 8 of 11
Year (2017) 12 of 12
Size (of disclosed) 5 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Pop Up Archive

Oakland, California, United States

Pop Up Archive is a provider of audio tools that specializes in transcribing, organizing and searching digital spoken words. Pop Up Archive was established in 2012 and is based in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Buddybuild

Vancouver, British Columbia, Canada

Doe Pics Hit, Inc. is a continuous integration, continuous deployment, and user feedback platform for development teams. Doe Pics Hit, Inc. was founded in 2015 and is based in Vancouver, British Columbia.

Buy -

Seller(S) 1

SELLER

Azini Capital Partners

Investor Investor

Category Secondary Investor
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Azini Capital Partners LLP is a private investment group focused acquiring secondary interests in growth-oriented companies. The Firm looks to acquire minority positions (> 15%) in companies with at least $10 million in revenue. The Firm prefers acquiring interests in tech-oriented or tech-enabled companies. Azini Capital was established in 2004 and is based in London.

DEAL STATS #
Overall 13 of 20
Sector (Internet Software and Services) 2 of 4
Type (Add-on Acquisition) 11 of 17
Country (United Kingdom) 6 of 10
Year (2017) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-18 ClusterSeven

London, United Kingdom

Cluster Seven Services Ltd. is a provider of strategic software for the management of user-built applications - primarily spreadsheets and MS Access databases. ClusterSeven solutions help firms to balance their governance, risk and regulatory compliance (GRC) obligations with the need for revenue generation, staff efficiency and productivity. ClusterSeven provides non-invasive, passive monitoring and tracking of spreadsheets. Cluster Seven Services was established in 2003 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-10 Sonim Technologies

San Mateo, California, United States

Sonim Technologies is a provider of the rugged, water-submersible mobile phones designed specifically for workers in demanding and hazardous environments. They specialize in workforce-critical communication tools for vertical industries including construction, security guarding, oil, gas and chemical operations, utilities, transportation and logistics, forestry, agriculture and defense. Sonim Technologies was founded in 2007 and is based in San Mateo, California.

Sell -
Mergr

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