M&A Deal Summary

CollabNet Acquires XebiaLabs

On January 21, 2020, CollabNet acquired software company XebiaLabs from Susquehanna Growth Equity

Acquisition Highlights
  • This is CollabNet’s 3rd transaction in the Software sector.
  • This is CollabNet’s 4th transaction in the United States.
  • This is CollabNet’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2020-01-21
Target XebiaLabs
Sector Software
Buyer(s) CollabNet
Sellers(s) Susquehanna Growth Equity
Deal Type Add-on Acquisition

Target

XebiaLabs

Burlington, Massachusetts, United States
XebiaLabs, Inc. is a provider of automation software for DevOps and Continuous Delivery helping companies accelerate the delivery of new software. XebiaLabs was formed in 2008 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

CollabNet

Alpharetta, Georgia, United States

Category Company
Founded 1999
Sector Software
DESCRIPTION

CollabNet is a provider of collaborative software development and delivery solutions. CollabNet provides a suite of tools that allow software developers at companies of all sizes to more effectively collaborate on projects and manage the software development process. CollabNet was founded in 1999 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 VersionOne

Alpharetta, Georgia, United States

VersionOne, Inc. is a agile project management, offers an all-in-one software solution for agile lifecycle, collaboration, quality, business intelligence and portfolio management that simplifies enterprise-scale software planning and tracking. More than 1,000 companies, including 33 of the Fortune 100, use our solutions to help scale their Agile and DevOps initiatives faster, easier, and smarter. Whether a small team just getting started with Agile and DevOps to global enterprises scaling agility across their software lifecycle, VersionOne customers get the best solutions in the industry backed by the pioneers in Agile ALM.

Buy -

Seller(S) 1

SELLER

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $10 to $200 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 19 of 33
Sector: Software M&A 4 of 7
Type: Add-on Acquisition M&A Deals 11 of 21
State: Massachusetts M&A 2 of 2
Country: United States M&A 17 of 28
Year: 2020 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Duda

Palo Alto, California, United States

Duda is a web design platform for digital agencies and SaaS platforms. Duda has developed highly-tailored tools that are integrated into its website building platform to enable professional website designers and digital agencies to increase efficiency and more effectively collaborate both internally and with their customers. Duda was founded in 2009 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 Credit Karma

San Francisco, California, United States

Credit Karma, Inc. is a provider of free consumer credit scores, delivered online and via mobile devices to users on-demand. Credit Karma provides these customers comprehensive, consolidated, and integrated views of their financial condition through credit scores and personalized financial analytics and gives users access to unique offers from consumer financial services companies.

Sell $7.1B