M&A Deal Summary

Broadcom Acquires AppNeta

On December 7, 2021, Broadcom acquired internet software and services company AppNeta from Rubicon Technology Partners

Acquisition Highlights
  • This is Broadcom’s 1st transaction in the Internet Software and Services sector.
  • This is Broadcom’s 11th transaction in the United States.
  • This is Broadcom’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-12-07
Target AppNeta
Sector Internet Software and Services
Buyer(s) Broadcom
Sellers(s) Rubicon Technology Partners
Deal Type Add-on Acquisition

Target

AppNeta

Boston, Massachusetts, United States
AppNeta is a provider of proactive application and network monitoring solutions built for the distributed, cloud-connected, digital enterprise. AppNeta was founded in 2011 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Broadcom

Palo Alto, California, United States
Category Company
Founded 2018
Sector Semiconductors
Employees20,000
Revenue 35.8B USD (2023)
DESCRIPTION

Broadcom is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Broadcom was founded in 2018 and is based in San Jose, California.

DEAL STATS #
Overall 16 of 17
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 11 of 12
State (Massachusetts) 1 of 1
Country (United States) 11 of 12
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-07 Broadcom - Certain Assets and Manufacturing Rights Wireless IoT Connectivity Business

Singapore, Singapore

Broadcom Ltd. - Certain Assets and Manufacturing Rights Wireless IoT Connectivity Business enables existing Wi-Fi, Bluetooth, and GPS/GNSS products and business in the IoT market as well as future roadmap devices designed in advanced process nodes.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 VMware

Palo Alto, California, United States

VMware is a provider of technologies designed to establish secure and reliable IT environments and address a range of complex IT challenges that include cost reduction, operational inefficiencies, access to cloud computing capacity, business continuity and corporate end-user computing device management. VMware's solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed. These internal computing infrastructures can be dynamically extended by customers to the public cloud environment. VMware was formed in 1998 and is based in Palo Alto, California.

Buy $61.0B

Seller(S) 1

SELLER

Rubicon Technology Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Rubicon Technology Partners is a specialist private equity firm firm that invests in lower middle-market enterprise software and technology-enabled services companies. Rubicon looks to make control investments of $20 to $50 million in businesses generating $10 to $150 million in revenue. Target transaction situations include buyouts and recapitalizations of closely held private companies, corporate divestitures, carve-outs or spin-outs, buy and build opportunities, and shareholder liquidity events. Rubicon has offices in Menlo Park, California and Stamford, Connecticut.

DEAL STATS #
Overall 4 of 5
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Massachusetts) 1 of 1
Country (United States) 4 of 4
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Uplight

Boulder, Colorado, United States

Uplight is a provider of energy management software, hardware, and services for consumers and utility companies. Uplight data analytics on more than 123 million homes creates new business opportunities for any product or service provider connected to the home. Today, this includes electric and gas utilities, and energy retailers. Built over more than a decade, the Tendril Platform delivers real-time, ever-evolving data about the home and how people use energy in it. These rich insights help our customers improve customer acquisition, increase engagement and orchestrate home energy experiences. Uplight was founded in 2004 and is based in Boulder, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 QSR International

Doncaster, Australia

QSR International empowers educators, researchers and data analysts to uncover rich insights to address large-scale problems, improve research productivity and knowledge management, and help prepare students for a rapidly changing world. QSR International is based in Doncaster, Victoria.

Sell -
Mergr

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