M&A Deal Summary

Broadcom Acquires Bay Dynamics

On December 31, 2019, Broadcom acquired information technology company Bay Dynamics from Carrick Capital Partners

Acquisition Highlights
  • This is Broadcom’s 2nd transaction in the Information Technology sector.
  • This is Broadcom’s 10th transaction in the United States.
  • This is Broadcom’s 7th transaction in California.

M&A Deal Summary

Date 2019-12-31
Target Bay Dynamics
Sector Information Technology
Buyer(s) Broadcom
Sellers(s) Carrick Capital Partners
Deal Type Add-on Acquisition

Target

Bay Dynamics

San Francisco, California, United States
Bay Dynamics, Inc. is an operator of a cyber risk analytics company that helps companies measure, communicate and reduce cyber risk. The company’s flagship analytics software, Risk Fabric, automates the process of analyzing security information so that it’s traceable, trustworthy and prioritized. Bay Dynamics was founded in 2001 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Broadcom

Palo Alto, California, United States

Category Company
Founded 1961
Sector Semiconductors
Employees37,000
Revenue 51.6B USD (2024)
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 1961 and is based in Palo Alto, California.


DEAL STATS #
Overall 15 of 17
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 10 of 12
State: California M&A 7 of 8
Country: United States M&A 10 of 12
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 Symantec - Enterprise Security Assets

Mountain View, California, United States

Symantec Corp. - Enterprise Security Assets offers complete physical security solutions, national accounts management, and custom in house software.

Buy $10.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Broadcom - Cyber Security Services Business

Singapore

Broadcom's Cyber Security Services Business is a provider of managed security services.

Sell -

Seller(S) 1

SELLER

Carrick Capital Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Carrick Capital Partners is a private equity firm focused on 'tech-enabled' businesses (business process outsourcing, transaction processing, and software) where the firm can leverage its expertise in building value. Carrick typically makes direct investments in privately-held companies with proven potential for fast growth and/or profitability. Prospective companies generally have revenues of $20 to $100 million with gross margins in excess of 40%. Carrick Capital is based in San Francisco.


DEAL STATS #
Overall 5 of 12
Sector: Information Technology M&A 2 of 6
Type: Add-on Acquisition M&A Deals 3 of 5
State: California M&A 2 of 5
Country: United States M&A 5 of 12
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Axiom

New York, New York, United States

Axiom is a provider of tech-enabled legal, contracts, and compliance solutions for large enterprises. The company enables clients to access lawyers through a curated platform and build more dynamic teams to drive better business outcomes. Axiom was formed in 2000 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Flatiron School

New York, New York, United States

Flatiron School is a provider of training programs in web application development. Flatiron School was established in 2012 and is based in New York, New York.

Buy -