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  6. BindView Development Acquires Netect

M&A Deal Summary

BindView Development Acquires Netect

On March 2, 1999, BindView Development acquired software company Netect from Integral Capital Partners

Acquisition Highlights
  • This is BindView Development’s 1st transaction in the Software sector.
  • This is BindView Development’s 1st transaction in the United States.
  • This is BindView Development’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 1999-03-02
Target Netect
Sector Software
Buyer(s) BindView Development
Sellers(s) Integral Capital Partners
Deal Type Add-on Acquisition

Target

Netect

Boston, Massachusetts, United States
Netect Inc., provider of anti-hacker software solutions, today announced its charter membership in ICSA's newly formed Intrusion Detection Consortium. The Consortium is designed to clarify and define the role of intrusion detection and vulnerability assessment products for security users. It will also serve as a medium to educate end users on the importance of security solutions, improve product quality and help manage product expectations across the industry.

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Buyer(S) 1

Buyer

BindView Development

Houston, Texas, United States
Category Company
Founded 1990
Sector Software
Employees550
DESCRIPTION

BindView Development Corp. is a global provider of IT security compliance software.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

Integral Capital Partners

Menlo Park, California, United States

Investor

Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.

DEAL STATS #
Overall 6 of 67
Sector: Software M&A 2 of 17
Type: Add-on Acquisition M&A Deals 4 of 45
State: Massachusetts M&A 1 of 6
Country: United States M&A 6 of 66
Year: 1999 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-20 Chromatic Research

Sunnyvale, California, United States

Chromatic Research Inc. was acquired by ATI Technologies Inc. The company develops media processors-chips that specialize in processing the 'natural data types' common to all multimedia applications, such as video, graphics, audio and communications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-21 BayStone Software

Saratoga, California, United States

Customer Relationship Management Software.

Sell -
Mergr

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