Divestiture • Information Technology

Brightly Software Acquires Precisely - Confirm

On October 14, 2020, Brightly Software acquired information technology company Precisely - Confirm from Precisely

Acquisition Context
  • This is Brightly Software’s 1st transaction in the Information Technology sector.
  • This is Brightly Software’s 2nd transaction in the United States.
  • This is Brightly Software’s 1st transaction in New York.

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M&A Deal Summary

Date October 14, 2020
Target Precisely - Confirm
Sector Information Technology
Buyer(s) Brightly Software
Sellers(s) Precisely
Deal Type Divestiture

Target Company

Precisely - Confirm

Pearl River, New York, United States
Confirm is an asset management platform that enables public and private sector organizations to deliver critical infrastructure services, maximize operational efficiencies, and leverage internet of things ("IoT") technology to unlock smart applications and use cases.
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Buyer Overview 1

Buyer

Brightly Software

Cary, North Carolina, United States

Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Brightly Software is a provider of cloud-based operations management software to the education, government, healthcare, and manufacturing verticals. Brightly Software was founded in 1999 and is headquartered in Cary, North Carolina.


Deal Context for Buyer #
Overall 3 of 5
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 2 of 3
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-15 Mobile311

Sanford, North Carolina, United States

Mobile311. is a geographical information system and mobile mapping solution provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Facility Health

Grand Rapids, Michigan, United States

Facility Health is a solutions provider transforming physical environments through strategic capital and asset planning. The company's combined software and engineering professional services solution provides a real-time analysis of assets, the ability to monitor maintenance and repair performance based on your CMMS data, tracking of engineering assessments, and forecasting of asset useful life. Facility Health was formed in 2016 and is based in Grand Rapids, Michigan.

Buy -

Seller Profile 1

SELLER

Precisely

Burlington, Massachusetts, United States

Category Company
Sector Software
DESCRIPTION

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.


Deal Context for Seller #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 Pitney Bowes - Software Solutions Business

Stamford, Connecticut, United States

Pitney Bowes, Inc. - Software Solutions Business is a data management software provider.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Infogix

Naperville, Illinois, United States

Infogix is a developer and marketer proprietary suite of unique, automated, end-to-end software solutions to help corporate customers control and monitor, analyze and improve their data accuracy. Infogix was founded in 1982 and is based in Naperville, Illinois.

Buy -