M&A Deal Summary

BigHand Acquires Iridium Technology

On February 2, 2022, BigHand acquired software company Iridium Technology from Polaris Partners

Acquisition Highlights
  • This is BigHand’s 2nd transaction in the Software sector.
  • This is BigHand’s 2nd transaction in the United States.
  • This is BigHand’s 1st transaction in Nevada.

M&A Deal Summary
Date 2022-02-02
Target Iridium Technology
Sector Software
Buyer(s) BigHand
Sellers(s) Polaris Partners
Deal Type Add-on Acquisition

Target

Iridium Technology

Reno, Nevada, United States
Iridium Technology is a legal business intelligence and analytics software provider to law firms worldwide. The Company offers a combination of data-driven management tools that allow law firms to enhance their productivity and profitability. Iridium Technology was founded in 2009 and is based in Reno, Nevada.

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Buyer(S) 1

Buyer

BigHand

London, United Kingdom
Category Company
Founded 1995
Sector Software
DESCRIPTION

BigHand provides the workflow software, including integrated speech recognition technology, that makes the creation, distribution and processing of voice files more efficient and secure. BigHand was founded in 1995 and is based in London, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 PayneGroup

Seattle, Washington, United States

PayneGroup, Inc. is a software development company with products such as Metadata Assistant, Redact Assistant, and Outlook Send Assistant. PayneGroup, Inc. products are security-related and help to reduce or eliminate accidental data disclosure. Professional services include the authoring of 13 books on Microsoft Office software, high-end and end-user training, project management and support.

Buy -

Seller(S) 1

SELLER

Polaris Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1996
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Polaris Partners is primarily a seed, first round, and early stage venture capital investor in information technology and life science businesses. However, Polaris also focuses on private equity investments in established companies. In this area, Polaris targets high growth middle market companies in industries including technology, healthcare, digital media, consumer products and services, and business services. The firm's investments include minority growth equity investments, recapitalizations with liquidity, and leveraged buyouts. Polaris Partners was formed in 1996 and has offices in Seattle, Washington and Waltham, Massachusetts.

DEAL STATS #
Overall 29 of 33
Sector (Software) 4 of 5
Type (Add-on Acquisition) 12 of 15
State (Nevada) 1 of 1
Country (United States) 27 of 30
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Amunix

South San Francisco, California, United States

Amunix is an immuno-oncology company focused on designing and developing masked T cell engagers and cytokines to bring the promise of these potent immune-activating biotherapeutics to patients with cancers. Amunix is headquartered in South San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Seismic Therapeutic

Cambridge, Massachusetts, United States

Seismic Therapeutic is a biotechnology company integrating machine learning across the entire biologics discovery process to accelerate immunology drug development. Seismic Therapeutic is based in Cambridge, Massachusetts.

Buy -
Mergr

Product

Company

Legal