M&A Deal Summary

Arcserve Acquires StorageCraft

On March 17, 2021, Arcserve acquired software company StorageCraft from TA Associates

Acquisition Highlights
  • This is Arcserve’s 2nd transaction in the Software sector.
  • This is Arcserve’s 3rd transaction in the United States.
  • This is Arcserve’s 1st transaction in Utah.

M&A Deal Summary
Date 2021-03-17
Target StorageCraft
Sector Software
Buyer(s) Arcserve
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

StorageCraft

Draper, Utah, United States
StorageCraft provides backup, disaster recovery, system migration, virtualization and data protection solutions for servers, desktops and laptops on Windows and Linux platforms. The company’s integrated product suite is designed to reduce downtime, improve management and stability of systems and data, and lower the total cost of system ownership in both physical and virtual environments. StorageCraft was founded in 2003 and is based in Draper, Utah.

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Buyer(S) 1

Buyer

Arcserve

Eden Prairie, Minnesota, United States
Category Company
Founded 1990
Sector Software
DESCRIPTION

Arcserve is a provider of data protection software solutions that enable mid-market, SMB and enterprise customers to backup, replicate and recover unstructured and mission critical data across a hybrid of complex storage and recovery environments. Arcserve was founded in 1990 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Utah) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 Zetta

Sunnyvale, California, United States

Zetta is a provider of data protection and recovery software. Zetta offers fast, painless, error-free recovery of business-critical data and applications. Company grown to more than 1,600 customers that rely on us to keep their mission-critical data safe from disaster. Zetta was founded in 2008 and is based in Sunnyvale, California.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 232 of 255
Sector (Software) 51 of 55
Type (Add-on Acquisition) 121 of 130
State (Utah) 2 of 2
Country (United States) 193 of 206
Year (2021) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-07 BetaShares

Sydney, Australia

BetaShares develops, launches, and manages ETFs that are traded on the Australian Securities Exchange (“ASX”). BetaShares offers a diverse range of ETFs, with funds covering Australian and international shares, fixed income, cash, currencies, commodities, and alternative strategies. BetaShares was formed in 2009 and is based in Sydney.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 WorkWave

Holmdel, New Jersey, United States

WorkWave is a provider of an intuitive cloud-based field service management and fleet management solutions that help enterprising organizations with a mobile workforce transform their businesses. WorkWave was founded in 1984 and is based in Holmdel, New Jersey.

Buy -
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