Add-on Acquisition • Financial Services

Crossroads Systems Acquires Capital Plus Financial

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

Acquisition Context
  • 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.

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M&A Deal Summary

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

Target Company

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 Overview 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 Context for Buyer #
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.

Buy -