M&A Deal Summary

Astea International Acquires FieldCentrix

On September 21, 2005, Astea International acquired software company FieldCentrix from Forrest Binkley and Brown and TVC Capital

Acquisition Highlights
  • This is Astea International’s 1st transaction in the Software sector.
  • This is Astea International’s 1st transaction in the United States.
  • This is Astea International’s 1st transaction in California.

M&A Deal Summary

Date 2005-09-21
Target FieldCentrix
Sector Software
Buyer(s) Astea International
Sellers(s) Forrest Binkley and Brown
TVC Capital
Deal Type Add-on Acquisition

Target

FieldCentrix

Irvine, California, United States
FieldCentrix, Inc. provides a software solution that operates on a handheld or palmtop CE device for field service technicians in the HVAC (heating and air conditioning), plumbing, appliance, and related service industries.

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Buyer(S) 1

Buyer

Astea International

Horsham, Pennsylvania, United States

Category Company
Founded 1979
Sector Software
Employees170
Revenue 27M USD (2017)
DESCRIPTION

Astea International, Inc. is a provider of service management software that addresses the unique needs of companies who manage capital equipment, mission critical assets, and human capital. The Astea Alliance suite supports the complete service lifecycle, from lead generation and project quotation to service and billing through asset retirement. Astea International was founded in 1979 and is based in Horsham, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 2

SELLER

Forrest Binkley and Brown

Irvine, California, United States

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Forrest Binkley & Brown (FBB) is a private equity firm focused on investing in middle-market buyouts and growth capital financings in Southern California. FBB prefers to act as the lead investor and looks to partner with management when pursuing acqusitions. Typical investments range from $2 to $6 million per transaction. Forrest Binkley & Brown was formed in 1993 and is based in California, with offices in Irvine and Solana Beach.


DEAL STATS #
Overall 7 of 14
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 6
State: California M&A 6 of 10
Country: United States M&A 7 of 14
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-11 American Asphalt & Grading Company

North Las Vegas, Nevada, United States

American Asphalt & Grading Company provides integrated construction services to the Southern Nevada residential homebuilding market. AAG provides a suite of site development and preparation services including excavation, paving, pavement maintenance, and concrete placement for curbs, gutters and sidewalks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 DispenseSource

Lake Forest, California, United States

DispenseSource provides a web-based supply chain management system serving the industrial and corporate markets, providing accurate point-of-use information and automatic procurement software.

Buy -
SELLER

TVC Capital

San Diego, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 235M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TVC Capital is a software-focused growth equity firm. TVC looks to invest in lower middle market software and software-enabled service firms in a variety of sub-sectors. Specific areas of interest include financial services, content/data management, predictive analysis, wireless, storage, internet, SaaS, digital media, and security. TVC will consider both later-stage investment situations as well as buyout, recapitalization, and restructuring transactions. TVC Capital was formed in 2006 and is based in San Diego, California.


DEAL STATS #
Overall 2 of 15
Sector: Software M&A 2 of 8
Type: Add-on Acquisition M&A Deals 2 of 12
State: California M&A 2 of 7
Country: United States M&A 2 of 15
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Digital Map Products

Irvine, California, United States

Digital Map Products, Inc. is a provider of cloud-based location technology and content solutions that bring the power of spatial technology to mainstream business, government and consumer users. SpatialStream, the company’s spatial development platform enables API access to mapping technology and location data sets. Its SmartParcels nationwide parcel and property data sets provide unparalleled location context, accuracy and interactivity. The company’s SaaS products include LandVision for real estate and GovClarity for local government.

Buy $36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-29 MeetingSense

San Diego, California, United States

MeetingSense is a developer of a meeting management platform designed to collaborate and add critical meeting capabilities. The company's platform helps to capture, distribute, and collaboratively track and manage meeting information and action items online on a real-time basis, enabling users to save time and money and optimize business productivity. MeetingSense was formed in 2006 and is based in San Diego, California.

Buy -