M&A Deal Summary

Cartesis SA Acquires INEA

On June 14, 2005, Cartesis SA acquired software company INEA from EdgeStone Capital Partners

Acquisition Highlights
  • This is Cartesis SA’s 1st transaction in the Software sector.
  • This is Cartesis SA’s 1st transaction in Canada.
  • This is Cartesis SA’s 1st transaction in Ontario.

M&A Deal Summary

Date 2005-06-14
Target INEA
Sector Software
Buyer(s) Cartesis SA
Sellers(s) EdgeStone Capital Partners
Deal Type Add-on Acquisition

Target

INEA

Toronto, Ontario, Canada
INEA Corporation provides enterprise planning, forecasting and reporting software solutions that meet the needs of the world's largest and most complex organizations who have multiple lines of business; geographies; product lines and customer segments. Co-developed with a leading financial institution, the INEA platform provides rich out-of-the-box functionally to meet the unique requirements of finance departments across all verticals. With its singular focus and demonstrated expertise in this market, INEA helps finance departments streamline their planning process, create confidence in numbers, and engage in "what if" scenario modeling. Today, more than 7,000 users in 44 countries rely on the INEA platform.

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Buyer(S) 1

Buyer

Cartesis SA

Paris, France

Category Company
Sector Software
DESCRIPTION

Cartesis is a global software vendor that provides trusted solutions for driving your company's financial and business performance. Cartesis equips its customers with the control and insight they need to assess and react in today's rapidly changing marketplace. One in five Fortune Global 100 companies rely on Cartesis' powerful technology to unify complex information, people and processes in a single data model that can be applied easily and consistently across multiple geographies and business segments. Cartesis' customers success depends on having meaningful insight to act upon, because great performances start with confidence.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2005 M&A 1 of 1

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 7 of 25
Sector: Software M&A 2 of 8
Type: Add-on Acquisition M&A Deals 4 of 17
State: Ontario M&A 5 of 14
Country: Canada M&A 6 of 18
Year: 2005 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-09 Specialty Commerce

West Bridgewater, Massachusetts, United States

Specialty Commerce is a multi-channel direct marketing company principally selling women’s wigs, hairpieces and related accessories and other specialty niche products in North America and the U.K., and continuing education courses to the health care industry. Specialty Commerce was founded in 1978 and is based in West Bridgewater, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-29 Taleo

Dublin, California, United States

Taleo Corporation provides on-demand talent management software solutions. The Company offers recruiting, performance management, compensation, succession planning, learning management, leadership development, and analytics software solutions. The Company delivers its solutions on demand as a service that is accessed through an Internet connection and a Web browser. Its solution delivery model, also called software-as-a-service (SaaS). It offers its solutions as a subscription-based service for, which its customers pay a recurring annual or quarterly fee during the subscription term. The Company operates in two segments: subscription and support and professional services.

Sell -