M&A Deal Summary

Changepoint Acquires Daptiv Solutions

On August 21, 2014, Changepoint acquired software company Daptiv Solutions from Parallax Capital Partners

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

M&A Deal Summary

Date 2014-08-21
Target Daptiv Solutions
Sector Software
Buyer(s) Changepoint
Sellers(s) Parallax Capital Partners
Deal Type Add-on Acquisition

Target

Daptiv Solutions

Seattle, Washington, United States
Daptiv Solutions LLC is the on-demand project management and collaborative business software that enables companies of all sizes to transform their mid-office business operations.

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Buyer(S) 1

Buyer

Changepoint

Richmond Hill, Ontario, Canada

Category Company
Founded 1992
Sector Software
Employees96
DESCRIPTION

Changepoint Corp. is a provider of comprehensive Web-based business process automation solutions for corporate IT departments and IT professional services organizations to manage projects, people and budgets effectively. IT services organizations use Changepoint to automate their internal business processes, source and procure valued resources, manage contractors and collaborate with customers and partners. Changepoint was founded in 1992 and is based in Richmond Hill, Ontario.


DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Washington M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 Barometer

Minneapolis, Minnesota, United States

Barometer, Inc. is a provider of Integrated IT Portfolio Analysis (“IIPA”) SaaS solutions that help companies formulate and manage their enterprise strategy and continuously align their strategic objectives with operational initiatives.

Buy -

Seller(S) 1

SELLER

Parallax Capital Partners

Laguna Hills, California, United States

Investor


Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Focused
DESCRIPTION

Parallax Capital Partners is a private equity firm focused on acquiring middle-market software and related technology companies. Prospective transactions include corporate divestitures, take privates, management buyouts, private company acquisitions, and recapitalizations. Target companies typically have $5 to $100 million in revenue and offer mission-critical products or services. Parallax will consider opportunities in North and South America, Europe, or Asia. Parallax Capital Partners was formed in 1999 and is based in Laguna Hills, California.


DEAL STATS #
Overall 5 of 11
Sector: Software M&A 3 of 6
Type: Add-on Acquisition M&A Deals 3 of 9
State: Washington M&A 1 of 1
Country: United States M&A 4 of 10
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 DivX

San Diego, California, United States

DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. The DivX brand is recognized worldwide and supported by a community of millions of consumers.

Buy $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-25 Bunchball

Redwood City, California, United States

Bunchball, Inc. is a cloud-based platform to integrate game mechanics into non-game digital experiences.

Buy -