M&A Deal Summary

Battery Ventures Acquires Alogent

On April 19, 2016, private equity firm Battery Ventures acquired internet software and services company Alogent from Jack Henry

Acquisition Highlights
  • This is Battery Ventures’ 12th transaction in the Internet Software and Services sector.
  • This is Battery Ventures’ 52nd transaction in the United States.
  • This is Battery Ventures’ 4th transaction in Georgia.

M&A Deal Summary
Date 2016-04-19
Target Alogent
Sector Internet Software and Services
Buyer(s) Battery Ventures
Sellers(s) Jack Henry
Deal Type Divestiture

Target

Alogent

Peachtree Corners, Georgia, United States
Alogent provides end-to-end payment processing, content management, digital banking, and loan origination technologies to financial institutions, currently including over 2,400 credit unions, community and regional banks, and some of the largest national and international institutions. Alogent was founded in 1995 and is based in Peachtree Corners, Georgia.

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Buyer(S) 1

Buyer

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 64 of 116
Sector (Internet Software and Services) 12 of 21
Type (Divestiture) 3 of 6
State (Georgia) 4 of 6
Country (United States) 52 of 77
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Brightree

Duluth, Georgia, United States

Brightree LLC is a provider of cloud-based software to improve clinical and business performance in the post-acute care industry.

Sell $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Clubessential

Cincinnati, Ohio, United States

Clubessential provides a full suite of membership and club management solutions to country, golf, city, yacht, and other private clubs. Clubessential was founded in 1998 and is based in Cincinnati, Ohio.

Buy -

Seller(S) 1

SELLER

Jack Henry

Monett, Missouri, United States
Category Company
Founded 1976
Sector Information Technology
Employees7,120
Revenue 2.1B USD (2023)
DESCRIPTION

Jack Henry is a provider of integrated technology solutions and data processing services to financial institutions including commercial banks and credit unions. Jack Henry was founded in 1976 and is based in Monett, Missouri.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 1 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Bayside Business Solutions

Birmingham, Alabama, United States

Bayside Business Solutions, Inc. is a provider of complete portfolio management systems for commercial lenders and industry leader in providing factoring software.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Vanguard Software Group

Longwood, Florida, United States

Vanguard Software Group is a technology company specializing in the underwriting, spreading, and online decisioning of commercial loans. Vanguard Software Group was founded in 2005 and is based in Longwoood, Florida.

Buy -
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