M&A Deal Summary

CyberSafe Acquires Centrax

On March 31, 1999, CyberSafe acquired information technology company Centrax from JMI Equity

Acquisition Highlights
  • This is CyberSafe’s 1st transaction in the Information Technology sector.
  • This is CyberSafe’s 1st transaction in the United States.
  • This is CyberSafe’s 1st transaction in Illinois.

M&A Deal Summary

Date 1999-03-31
Target Centrax
Sector Information Technology
Buyer(s) CyberSafe
Sellers(s) JMI Equity
Deal Type Add-on Acquisition

Target

Centrax

Chicago, Illinois, United States
Centrax Corp. is a provider of custom end-to-end e-learning and e-marketing solutions. Using unparalleled expertise in 3D animation, simulation, video and gaming principles, interactive programs are created and tailored to the organizations needs.

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Buyer(S) 1

Buyer

CyberSafe

Issaquah, Washington, United States

Category Company
Founded 1991
Sector Software
DESCRIPTION

CyberSafe Corp. is a provider of security to enterprise applications such as SAP, Oracle and MVS.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 7 of 107
Sector: Information Technology M&A 1 of 14
Type: Add-on Acquisition M&A Deals 4 of 68
State: Illinois M&A 1 of 5
Country: United States M&A 7 of 95
Year: 1999 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-03 Expert Software

Coral Gables, Florida, United States

Expert Software, Inc. is a publisher of high-quality, value-priced consumer software that addresses a broad range of consumer interests and everyday tasks. Expert Software sells over 50 products in the productivity, lifestyle, small office/home office and entertainment market categories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-21 PMG Systems

West Chester, Pennsylvania, United States

PMG Systems, Inc. is a provider of profitability measurement and activity based costing software for financial service companies worldwide.

Buy -