M&A Deal Summary

BlackBerry Acquires SlipStream Data

On July 7, 2006, BlackBerry acquired internet software and services company SlipStream Data from EdgeStone Capital Partners

Acquisition Highlights
  • This is BlackBerry’s 1st transaction in the Internet Software and Services sector.
  • This is BlackBerry’s 1st transaction in Canada.
  • This is BlackBerry’s 1st transaction in Ontario.

M&A Deal Summary

Date 2006-07-07
Target SlipStream Data
Sector Internet Software and Services
Buyer(s) BlackBerry
Sellers(s) EdgeStone Capital Partners
Deal Type Add-on Acquisition

Target

SlipStream Data

Waterloo, Ontario, Canada
SlipStream Data, Inc. provides compression technology used by ISPs, wireless carriers and corporations to reduce bandwidth and dramatically improve transmission times for both wireless and wireline applications.

Search 214,981 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

BlackBerry

Waterloo, Ontario, Canada

Category Company
Founded 1984
Sector Technology Hardware
Employees1,820
Revenue 535M USD (2025)
DESCRIPTION

BlackBerry a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. BlackBerry was founded in 1984 and is based in Waterloo, Ontario.


DEAL STATS #
Overall 2 of 25
Sector: Internet Software and Services M&A 1 of 5
Type: Add-on Acquisition M&A Deals 2 of 24
State: Ontario M&A 1 of 6
Country: Canada M&A 1 of 7
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-10 Ascendent Telecommunications

Redwood City, California, United States

Ascendent has developed hardware and software telecommunications technology that allows any type of wireless phone to be easily linked to any type of PBX.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-11 Chalk Media

Kitchener, Ontario, Canada

Chalk’s mobile content deployment system, Mobile chalkboard™, allows multimedia content to be created, securely pushed and tracked on BlackBerry® smartphones. Chalk’s software and content helps organizations communicate with their employees, business partners and customers.

Buy $23M

Seller(S) 1

SELLER

EdgeStone Capital Partners

Toronto, Ontario, Canada

Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

EdgeStone Capital Partners, Inc. is a private equity firm that targets middle market companies located in the Canada. The Firm targets to invest in companies with an EBITDA range $10 - $50 million and Enterprise value of $50 - $250 million. It seeks to invest in equity and equity related instruments and seeks to hold majority position and board seat in portfolio companies. Specific areas of interest include light manufacturing, business services, and consumer services. Type of transaction includes MBO, recapitalizations, growth capital, divestiture or non-core business and succession planning. EdgeStone Capital Partners, Inc. is based in Toronto, Ontario.


DEAL STATS #
Overall 10 of 25
Sector: Internet Software and Services M&A 1 of 4
Type: Add-on Acquisition M&A Deals 6 of 17
State: Ontario M&A 7 of 14
Country: Canada M&A 8 of 18
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-19 Shoplogix

Mississauga, Ontario, Canada

Shoplogix enables manufacturers to drive immediate, quantifiable improvements to output and profitability by providing operators, supervisors and management with real-time visibility into plant equipment performance. By delivering a visual display of real-time equipment performance above assets on the plant floor, Shoplogix empowers operators to take action that increases uptime, quality and efficiency while reducing waste and costs. Shoplogix customers report rapid payback, and typically set production records within days of implementation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-21 Datawire Communication Networks

Toronto, Ontario, Canada

Datawire has proven the benefits of the VXN through successful connectivity to industry-leading payment processors and integration with many point-of-sale applications and devices to provide fast and secure transaction transport. The successful adoption of the Datawire network by the financial transaction processing services industry has led to cost savings, flexibility, increased revenue and increased ease of use for its customers.

Sell -