M&A Deal Summary

cxLoyalty Acquires Webloyalty.com

On January 14, 2011, cxLoyalty acquired internet software and services company Webloyalty.com from General Atlantic

Acquisition Highlights
  • This is cxLoyalty’s 1st transaction in the Internet Software and Services sector.
  • This is cxLoyalty’s 1st transaction in the United States.
  • This is cxLoyalty’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2011-01-14
Target Webloyalty.com
Sector Internet Software and Services
Buyer(s) cxLoyalty
Sellers(s) General Atlantic
Deal Type Add-on Acquisition

Target

Webloyalty.com

Norwalk, Connecticut, United States
Webloyalty.com, Inc. provides online subscription membership programs.

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Buyer(S) 1

Buyer

cxLoyalty

Stamford, Connecticut, United States

Category Company
Sector Marketing
Employees4,150
DESCRIPTION

cxLoyalty is a provider of loyalty solutions for financial services, retail, travel, and telecom industries. cxLoyalty design, administer, fulfill and deliver market leading loyalty programs for respected clients and their customers. cxLoyalty is based in Stamford, Connecticut.


DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Tavisca Solutions Pvt.

Pune, India

Tavisca Solutions Pvt. Ltd. is a provider of innovative technology to the travel industry. Tavisca Solutions powers more than 4.8 million travel bookings per year for leading B2C, loyalty-based travel and B2B travel companies globally. Tavisca Solutions helps travel brands transform themselves into technology-centric market leaders in travel, empowering their vision and scaling their business. They recently launched OneConnect – the only travel supplier integration you will ever need.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 41 of 146
Sector (Internet Software and Services) 3 of 24
Type (Add-on Acquisition) 15 of 44
State (Connecticut) 2 of 4
Country (United States) 22 of 75
Year (2011) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-10 Patni Computer Systems

Cambridge, Massachusetts, United States

Patni is a global provider of strategic IT consulting and implementation services, turnkey projects and on-site technical services. Patni offers a full range of services and solutions covering IT consulting, software development outsourcing, contact center operations and business process outsourcing to customers in the financial services, manufacturing, life sciences, communications, and media & entertainment sectors.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-20 Kaspersky Lab ZAO

Moscow, Russia

Kaspersky Lab is one of the fastest growing IT security vendors worldwide. Today it is firmly positioned as one of the world’s top four leading antivirus vendors*. Kaspersky Lab continues to further improve its market position, demonstrating higher growth rates than the market in general.

Buy -