M&A Deal Summary

Avantce Software Acquires Revere

On September 5, 2006, Avantce Software acquired information technology company Revere from The Gores Group

Acquisition Highlights
  • This is Avantce Software’s 1st transaction in the Information Technology sector.
  • This is Avantce Software’s 2nd transaction in the United States.
  • This is Avantce Software’s 1st transaction in Alabama.

M&A Deal Summary

Date 2006-09-05
Target Revere
Sector Information Technology
Buyer(s) Avantce Software
Sellers(s) The Gores Group
Deal Type Add-on Acquisition

Target

Revere

Birmingham, Alabama, United States
Revere, Inc. is a provider of Enterprise Asset Management / Computerized Maintenance Management Systems.

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Buyer(S) 1

Buyer

Avantce Software

United States

Category Company
Sector Software
DESCRIPTION


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Alabama M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-14 Select Business Solutions

Trumbull, Connecticut, United States

Select Business Solutions is now a leading international software company operating in the application development, business intelligence and process management solutions markets. The company�s business is centered on two product families: enterprise business intelligence solutions and application development solutions with emphasis on methodology, modeling and software reuse.

Buy -

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 18 of 67
Sector: Information Technology M&A 7 of 12
Type: Add-on Acquisition M&A Deals 8 of 30
State: Alabama M&A 1 of 1
Country: United States M&A 14 of 53
Year: 2006 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 JAMIS Software Corp

San Diego, California, United States

JAMIS Software Corporation is dedicated to serving U.S. government contractors, providing a comprehensive set of time and expense, project accounting, and back office financial solutions that is Defense Contract Audit Agency (DCAA) compliant in accordance with US government regulations. JAMIS Software's primary customers are service-based government contractors, research institutes, and the government services divisions of large consulting organizations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Somero Enterprises

Fort Myers, Florida, United States

Somero Enterprises is a manufacturer of technologically advanced concrete placing equipment and associated machinery. Somero Enterprises was founded in 1985 and is based in Fort Myers, Florida.

Sell -