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M&A Deal Summary

Aras Acquires Comet Solutions

On September 25, 2018, Aras acquired software company Comet Solutions from Sun Mountain Capital

Acquisition Highlights
  • This is Aras’ 2nd transaction in the Software sector.
  • This is Aras’ 1st transaction in the United States.
  • This is Aras’ 1st transaction in Ohio.

M&A Deal Summary
Date 2018-09-25
Target Comet Solutions
Sector Software
Buyer(s) Aras
Sellers(s) Sun Mountain Capital
Deal Type Add-on Acquisition

Target

Comet Solutions

Cincinnati, Ohio, United States
Comet Solutions, Inc. is a provider of software and services that simplify the complex process of engineering product systems.

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Buyer(S) 1

Buyer

Aras

Andover, Massachusetts, United States
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Aras is a provider of enterprise open source technology with an advanced model-based service-oriented architecture to deliver a highly scalable, flexible, and secure PLM solution suite. Aras was founded in 2000 and is based in Andover, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 SofTech Srl

Legnano, Italy

SofTech Srl is a provider of product life cycle management (PLM) software solutions. SofTech is based in Legnano, Italy.

Buy -

Seller(S) 1

SELLER

Sun Mountain Capital

Santa Fe, New Mexico, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Sun Mountain Capital is a provider of fund investment advisory services as well as a direct investor. Sun Mountain's advisory practice develops customized private equity programs for institutional investors while the Firm's direct investment program looks to commit $250k to $10 million of capital for a variety of situations. Sun Mountain looks to be an active/hands-on investor. Sun Mountain Capital was formed in 2006 and is based in Santa Fe, New Mexico.

DEAL STATS #
Overall 5 of 8
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 5 of 7
State: Ohio M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 RiskSense

Sunnyvale, California, United States

RiskSense provides vulnerability management and prioritization to measure and control cybersecurity risk. The cloud-based RiskSense platform uses a foundation of risk-based scoring, analytics, and technology-accelerated pen testing to identify critical security weaknesses with corresponding remediation action plans, dramatically improving security and IT team efficiency and effectiveness. RiskSense was founded in 2015 and is based in Sunnyvale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 JackRabbit Systems

Santa Fe, New Mexico, United States

JackRabbit Systems is a developer of online software for destination and travel portal websites. JackRabbit’s key software is a search engine that gathers rate and availability information directly from Lodging Properties websites, displays it for property selection, and then redirects consumers to the actual property websites to complete the booking. JackRabbit System was founded in 2003 and is based in Santa Fe, New Mexico.

Sell -
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