M&A Deal Summary

Crossroads Systems Acquires Capital Plus Financial

On December 18, 2017, Crossroads Systems acquired financial services company Capital Plus Financial for 31M USD

Acquisition Highlights
  • This is Crossroads Systems’ 1st transaction in the Financial Services sector.
  • This is Crossroads Systems’ largest (disclosed) transaction.
  • This is Crossroads Systems’ 1st transaction in the United States.
  • This is Crossroads Systems’ 1st transaction in Texas.

M&A Deal Summary
Date 2017-12-18
Target Capital Plus Financial
Sector Financial Services
Buyer(s) Crossroads Systems
Deal Type Add-on Acquisition
Deal Value 31M USD

Target

Capital Plus Financial

Dallas, Texas, United States
Capital Plus Financial LLC is a provider of affordable housing and mortgage financing to underserved communities in Texas.

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Buyer(S) 1

Buyer

Crossroads Systems

Dallas, Texas, United States
Category Company
Founded 1996
Sector Technology Hardware
Employees46
Revenue 931M USD (2021)
DESCRIPTION

Crossroads Impact is a provider of data storage solutions. Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance, and significant cost savings. Crossroads Impact was founded in 1996 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 2
Country (United States) 1 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 Crossroads Systems - Storage Product Business

Austin, Texas, United States

Crossroads Systems - Storage Product Business is a provider of big data storage solutions.

Sell $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 Rice Bancshares

Rice, Texas, United States

Rice Bancshares, Inc.is a registered bank holding company and owner of The First State Bank, a Texas Banking Association. FSB of Rice offers the services of a modern financial institution while maintaining the integrity of a community bank where decisions are made locally.

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