M&A Deal Summary

Avaya Acquires Spectel

On October 4, 2004, Avaya acquired communications company Spectel from Investcorp for 103M USD

Acquisition Highlights
  • This is Avaya’s 1st transaction in the Communications sector.
  • This is Avaya’s 4th largest (disclosed) transaction.
  • This is Avaya’s 1st transaction in Ireland.

M&A Deal Summary

Date 2004-10-04
Target Spectel
Sector Communications
Buyer(s) Avaya
Sellers(s) Investcorp
Deal Type Add-on Acquisition
Deal Value 103M USD

Target

Spectel

Dublin, Ireland
Spectel's leading voice, data and web conferencing platforms, applications and professional services make real-time conferencing communication possible. Its customers include leading conferencing service providers such as AT&T, Citizens Conferencing, Conference Plus, ECI, InterCall, Singapore Telecom and Sprint. The company's corporate clients include Nestle, The Walt Disney Co., General Electric, Intel, Lockheed Martin, Goldman Sachs and UBS Warburg. Spectel headquarters are in Dublin, Ireland, and its North American headquarters are in Andover, Massachusetts.

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Buyer(S) 1

Buyer

Avaya

Santa Clara, California, United States

Category Company
Founded 2000
Sector Communications
DESCRIPTION

Avaya, Inc. is a global provider of communication systems, applications, and end-to-end services to enterprises worldwide; and offers IP telephony solutions, traditional voice communications solutions, contact center infrastructure and applications, and unified communications gear and appliances. Avaya was formed in 2000 and is based in Santa Clara, California.


DEAL STATS #
Overall 4 of 21
Sector: Communications M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 20
Country: Ireland M&A 1 of 1
Year: 2004 M&A 1 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-12 Quintus

Fremont, California, United States

Quintus Corp. is a comprehensive software suite that unites traditional call center technology with Internet communications. Quintus portfolio offers one ofthe broadest and best suites of eCRM applications available.

Buy $29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-15 RouteScience Technologies

San Mateo, California, United States

RouteScience Technologies, Inc. is a manufacture of adaptive networking software (ANS) for enterprises and service providers. ANS monitors, assesses and automatically adjusts the network environment to optimize data traffic flow and enhance the performance of advanced applications,such as Internet Protocol (IP) telephony.

Buy -

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 20 of 111
Sector: Communications M&A 1 of 4
Type: Add-on Acquisition M&A Deals 10 of 49
Country: Ireland M&A 1 of 1
Year: 2004 M&A 4 of 8
Size (of disclosed) 37 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-27 MW Manufacturers

Rocky Mount, Virginia, United States

MW Windows & Doors, a brand of MW Manufacturers Inc., with corporate headquarters in Rocky Mount, Va., is a leading manufacturer of window and door products for the residential construction industry.

Sell $320M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-08 Arizent

New York City, New York, United States

Arizent is a business information company that advances professional communities by providing insights and analysis and convening industry leaders. The company uses deep industry expertise and a data-driven platform to deliver its services which include subscriptions, marketing services, live events, and access to Arizent Leaders, an executive peer network. Arizent was founded in 2004 and is based in New York City, New York.

Buy $350M