M&A Deal Summary |
|
|---|---|
| Date | 2020-02-24 |
| Target | Saba Software |
| Sector | Internet Software and Services |
| Buyer(s) | Cornerstone |
| Sellers(s) | Vector Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.4B USD |
| Advisor(s) | William Blair (Financial) Paul Hastings (Legal) |
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| Category | Company |
|---|---|
| Founded | 1999 |
| Sector | Internet Software and Services |
| Employees | 2,900 |
| Revenue | 741M USD (2020) |
Cornerstone is a provider of cloud based comprehensive learning and talent management software solutions. Cornerstone was formed in 1999 and is based in Santa Monica, California.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 6 |
| Sector: Internet Software and Services M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 4 of 5 |
| State: California M&A | 2 of 3 |
| Country: United States M&A | 3 of 5 |
| Year: 2020 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-07 |
Grovo Learning
New York, New York, United States Grovo Learning, Inc. has produced over 2,500 micro-learning courses across a range of topics. Grovo has over 300 clients, including Gap Inc., Hulu, Chevron and Wells Fargo, with offices in New York City and San Francisco. Grovo helps L&D teams engage employees and drive their business forward by delivering a constantly evolving library of customizable Microlearning lessons through an easy-to-use platform. Hundreds of companies of all sizes, from PepsiCo and Gap to Bitly and Magellan Health, trust Grovo to onboard employees faster, deepen their leadership bench, enable customer-facing teams, re-envision compliance programs and build inclusive, mission-driven cultures. |
Buy | $24M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-17 |
EdCast
Mountain View, California, United States EdCast is a provider of LXP software solutions, known for its expertise and innovation in aggregating, curating, targeting, and delivering personalized and contextual learning to users. EdCast was founded in 2014 and is based in Mountain View, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Focused |
Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 34 |
| Sector: Internet Software and Services M&A | 6 of 8 |
| Type: Add-on Acquisition M&A Deals | 16 of 18 |
| State: California M&A | 10 of 11 |
| Country: United States M&A | 25 of 29 |
| Year: 2020 M&A | 2 of 3 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-01 |
Alvaria
Atlanta, Georgia, United States Alvaria is a provider of fully integrated customer engagement, workforce optimization, and self-service omnichannel software solutions. Alvaria was founded in 1973 and is based in Atlanta, Georgia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-01 |
Travelex
London, United Kingdom Travelex is a specialist provider of foreign exchange and international business payments. The Group processes £20 billion of foreign exchange transactions every year. The Group’s consumer focused operations provide cash and pre-paid cards to over 30 million retail customers each year through a network of close to 1,000 stores and over 500 ATMs spread across 24 countries. Travelex was founded in 1976 and is based in London, United Kingdom |
Buy | - |
