M&A Deal Summary

Callidus Software Acquires ACTEK

On January 11, 2010, Callidus Software acquired software company ACTEK from Advantage Capital Partners

Acquisition Highlights
  • This is Callidus Software’s 1st transaction in the Software sector.
  • This is Callidus Software’s 1st transaction in the United States.
  • This is Callidus Software’s 1st transaction in Alabama.

M&A Deal Summary
Date 2010-01-11
Target ACTEK
Sector Software
Buyer(s) Callidus Software
Sellers(s) Advantage Capital Partners
Deal Type Add-on Acquisition

Target

ACTEK

Birmingham, Alabama, United States
ACTEK, Inc. is a provider of commission and compliance software for complex selling environments. ACTEK provides software for the health insurance industry and has since expanded to service clients in financial services and general sales markets. By providing timely and cost-effective Internet-based solutions, ACTEK exceeds client expectations in every phase of delivery, from requirements analysis through installation and training.

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Buyer(S) 1

Buyer

Callidus Software

Dublin, California, United States
Category Company
Founded 1996
Sector Internet Software and Services
Employees806
Revenue 253M USD (2017)
DESCRIPTION

Callidus Software, Inc. is a provider of sales and marketing effectiveness software. Callidus Software was founded in 1996 and is based in Dublin, California.

DEAL STATS #
Overall 1 of 18
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 18
State (Alabama) 1 of 1
Country (United States) 1 of 13
Year (2010) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-23 ForceLogix

Libertyville, Illinois, United States

ForceLogix, Inc. is a provider of SaaS based coaching and talent development solutions that help organizations optimize and increase the effectiveness of their sales force.

Buy $4M

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 31 of 97
Sector (Software) 3 of 7
Type (Add-on Acquisition) 9 of 54
State (Alabama) 4 of 4
Country (United States) 31 of 97
Year (2010) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Barton Nelson

Kansas City, Montana, United States

Barton Nelson, Inc. is a manufacturer of specialty advertising products nationwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-25 Soft Sight

Endicott, New York, United States

Soft Sight, Inc. (dba Threadsmith.com) is a provider of a sophisticated software capability for automatically rendering stitch patterns from custom designs uploaded to its website.

Sell $7M
Mergr

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