M&A Deal Summary

Caveo Learning Acquires Ellegro

On September 19, 2016, Caveo Learning acquired internet software and services company Ellegro from Beeline

Acquisition Highlights
  • This is Caveo Learning’s 1st transaction in the Internet Software and Services sector.
  • This is Caveo Learning’s 1st transaction in the United States.
  • This is Caveo Learning’s 1st transaction in Illinois.

M&A Deal Summary

Date 2016-09-19
Target Ellegro
Sector Internet Software and Services
Buyer(s) Caveo Learning
Sellers(s) Beeline
Deal Type Divestiture

Target

Ellegro

Schaumburg, Illinois, United States
Ellegro is a developer and provider of eLearning applications that includes interactive tutorials, simulations, video and digital communications.

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Buyer(S) 1

Buyer

Caveo Learning

Schaumburg, Illinois, United States

Category Company
Founded 2004
Sector Business Services
DESCRIPTION

Caveo Learning is a consulting firm providing learning strategies and solutions. Caveo ROI-focused strategic learning and performance solutions to organizations in a wide range of industries, including technology, health care, energy, financial services, telecommunications, retail, manufacturing, and hospitality.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Beeline

Jacksonville, Florida, United States

Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Beeline is a provider of extended workforce management software supporting global enterprises. Beeline’s software helps procurement, sourcing and human resources professionals optimize costs, reduce risks and add value to their services procurement and contingent workforce programs. Beeline was formed in 1999 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 IQNavigator

Centennial, Colorado, United States

IQNavigator is a provider of services procurement and optimization solutions. IQNavigator’s vendor-neutral Managed Service Programs (MSP) and SaaS services procurement platform enables companies to source, procure, manage and measure all categories of indirect services on a global basis. The data and processes available through IQNavigator’s platform allow clients to realize potential cost savings, efficiency gains, improved compliance, faster fulfillment times and better reporting capabilities. IQNavigator was established in 1999 and is based in Centennial, Colorado.

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