M&A Deal Summary

Battery Ventures Acquires Plixer

On March 8, 2018, private equity firm Battery Ventures acquired information technology company Plixer

Acquisition Highlights
  • This is Battery Ventures’ 11th transaction in the Information Technology sector.
  • This is Battery Ventures’ 61st transaction in the United States.
  • This is Battery Ventures’ 1st transaction in Michigan.

M&A Deal Summary
Date 2018-03-08
Target Plixer
Sector Information Technology
Buyer(s) Battery Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Plixer

Kennebunk, Michigan, United States
Plixer is a provider of a network traffic analytics system that supports fast and efficient incident response. Plixer is based in Kennebunk, Michigan.

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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 76 of 116
Sector (Information Technology) 11 of 20
Type (Buyout (LBO, MBO, MBI)) 17 of 37
State (Michigan) 1 of 1
Country (United States) 61 of 77
Year (2018) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Curve Dental

Alpharetta, Georgia, United States

Curve Dental is a cloud-based software to deliver dental practices cutting-edge technology to manage their clinical and operational needs. With the Curve Dental software platform, dentists and their practices can use a modern, web-based system to manage patient charts and X-rays, front office scheduling and billing, and even patient engagement. Curve Dental was founded in 2005 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 Learnosity

Dublin, Ireland

Learnosity is a software-as-a-service (SaaS) company specializing in digital learning technology. Learnosity allows organizations from a wide range of sectors to easily incorporate powerful assessment capabilities into any digital product. As a result, Learnosity’s customers can create digital-learning products faster and provide better experiences to their users. Learnosity was founded in 2007 and is based in Dublin, Ireland.

Buy -
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