M&A Deal Summary

Avocent Acquires LANDesk Software

On April 27, 2006, Avocent acquired software company LANDesk Software from Vector Capital for 416M USD

Acquisition Highlights
  • This is Avocent’s 1st transaction in the Software sector.
  • This is Avocent’s largest (disclosed) transaction.
  • This is Avocent’s 3rd transaction in the United States.
  • This is Avocent’s 1st transaction in Utah.
Investment Fate
  • LANDesk Software was divested to a consortium of strategic buyers in 2009.
  • LANDesk Software was divested to a consortium of buyers in 2010.
  • LANDesk Software merged with another company in 2017.
  • LANDesk Software merged with another company in 2017.

M&A Deal Summary
Date 2006-04-27
Target LANDesk Software
Sector Software
Buyer(s) Avocent
Sellers(s) Vector Capital
Deal Type Add-on Acquisition
Deal Value 416M USD

Target

LANDesk Software

South Jordan, Utah, United States
LANDesk Software, Inc. is a provider of desktop and security management software solutions. LANDesk software solutions maximize user productivity while reducing the associated IT complexities, risks, and costs to the business. Its products focus on systems management, security management, and asset lifecycle management for IT devices, servers, and networks.

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Buyer(S) 1

Buyer

Avocent

Huntsville, Alabama, United States
Category Company
Founded 2000
Sector Information Technology
Employees1,971
Revenue 657M USD (2008)
DESCRIPTION

Avocent Corp. is a provider of a software, hardware, and embedded technologies to enterprise-level information technology (IT) organizations to control, plan, evolve, and secure their IT infrastructure.

DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Utah) 1 of 1
Country (United States) 3 of 3
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-04 Equinox Systems

Sunrise, Florida, United States

Equinox Systems develops and markets high performance, reliable and affordable connectivity solutions for remote access and multi-user applications.

Buy $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 LANDesk Software

South Jordan, Utah, United States

LANDesk Software, Inc. is a provider of desktop and security management software solutions. LANDesk software solutions maximize user productivity while reducing the associated IT complexities, risks, and costs to the business. Its products focus on systems management, security management, and asset lifecycle management for IT devices, servers, and networks.

Sell -

Seller(S) 1

SELLER

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.

DEAL STATS #
Overall 4 of 33
Sector (Software) 2 of 13
Type (Add-on Acquisition) 3 of 18
State (Utah) 1 of 1
Country (United States) 4 of 28
Year (2006) 1 of 4
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-07 Register.com

New York, New York, United States

Register.com, Inc. is a provider of global domain name registration and complementary website design and management services.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-02 WinZip Computing

Mansfield, Connecticut, United States

WinZip Computing LLC is a provider of zip utility software.

Sell -
Mergr

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