M&A Deal Summary

Cloud Software Group Acquires Tibco

On September 1, 2022, Cloud Software Group acquired software company Tibco from Vista Equity Partners and Virgo Capital

Acquisition Highlights
  • This is Cloud Software Group’s 2nd transaction in the Software sector.
  • This is Cloud Software Group’s 2nd transaction in the United States.
  • This is Cloud Software Group’s 1st transaction in California.

M&A Deal Summary
Date 2022-09-01
Target Tibco
Sector Software
Buyer(s) Cloud Software Group
Sellers(s) Vista Equity Partners
Virgo Capital
Deal Type Add-on Acquisition

Target

Tibco

Palo Alto, California, United States
Entrance to Tibco Software's corporate headquarters in Palo Alto, California.
Entrance to Tibco Software's corporate headquarters in Palo Alto, California.
Tibco is a provider of middleware and infrastructure software. Tibco's standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. Tibco was formed in 1985 and is based in Palo Alto, California.

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Buyer(S) 1

Buyer

Cloud Software Group

Fort Lauderdale, Florida, United States
Category Company
Founded 2022
Sector Internet Software and Services
DESCRIPTION

Cloud Software Group is a provider of enterprise infrastructure software solutions encompassing virtualization, integration, data management, automation, business intelligence, collaboration, networking and security. Cloud Software Group is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Citrix

Fort Lauderdale, Florida, United States

Citrix develops and sells products and services that enable the secure and reliable delivery of applications and data over public, private, or hybrid clouds or networks, to virtually any type of device. The Company markets and licenses its products directly to customers, over the Web, and through systems integrators, or SIs, in addition, to indirectly through value-added resellers, or VARs, value-added distributors, or VADs, original equipment manufacturers, or OEMs and service providers. Citrix was established in 1989 and is based in Ft. Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 ShareFile

Raleigh, North Carolina, United States

ShareFile is a cloud storage, file sharing and collaboration solutions provider. ShareFile was formed in 2005 and is based in Raleigh, North Carolina.

Sell $875M

Seller(S) 2

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 65 of 70
Sector (Software) 27 of 28
Type (Add-on Acquisition) 32 of 35
State (California) 7 of 7
Country (United States) 60 of 65
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Citrix

Fort Lauderdale, Florida, United States

Citrix develops and sells products and services that enable the secure and reliable delivery of applications and data over public, private, or hybrid clouds or networks, to virtually any type of device. The Company markets and licenses its products directly to customers, over the Web, and through systems integrators, or SIs, in addition, to indirectly through value-added resellers, or VARs, value-added distributors, or VADs, original equipment manufacturers, or OEMs and service providers. Citrix was established in 1989 and is based in Ft. Lauderdale, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Agdata

Charlotte, North Carolina, United States

Agdata is a provider of strategic data and analytical solutions to the world’s largest agricultural, crop protection, and animal health manufacturers. Agdata's solutions allow the input manufacturers and trait providers to analyze complex sales data and trends and develop and maintain marketing and seed rebate programs. Agdata was founded in 1985 and is based in Charlotte, North Carolina.

Sell -
SELLER

Virgo Capital

Austin, Texas, United States

Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 100M USD
Size Small
Type Sector Focused
DESCRIPTION

Virgo Capital is a private equity firm focused on making control investments in lower middle-market software and technology-enabled service companies. Virgo Capital pursues businesses with revenues between $10 and $30 million. Virgo Capital was formed in 2005 and has offices in Austin, Texas and Oklahoma City, Oklahoma.

DEAL STATS #
Overall 5 of 5
Sector (Software) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Korbyt

Addison, Texas, United States

Korbyt is a provider of content creation and management solutions that enable digital signage for enterprise corporate communications purposes. By combining software, hardware, business applications, and services, Korbyt offers a single point of accountability for integrated data visualization and real-time performance management. Korbyt was founded in 1980 and is based in Addison, Texas.

Buy -
Mergr

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