M&A Deal Summary |
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Date | 2016-04-19 |
Target | Alogent |
Sector | Internet Software and Services |
Buyer(s) | Battery Ventures |
Sellers(s) | Jack Henry |
Deal Type | Divestiture |
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Category | Private Equity Firm |
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Founded | 1983 |
PE ASSETS | 13.0B USD |
Size | Mega |
Type | Sector Focused |
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 |
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 |
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 | - |
Category | Company |
---|---|
Founded | 1976 |
Sector | Information Technology |
Employees | 7,120 |
Revenue | 2.1B USD (2023) |
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 |
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 | - |
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 | - |