M&A Deal Summary

Dassault Systemes Acquires IQMS.com

On December 11, 2018, Dassault Systemes acquired software company IQMS.com from Banneker Partners and TCV for 425M USD

Acquisition Highlights
  • This is Dassault Systemes’ 32nd transaction in the Software sector.
  • This is Dassault Systemes’ 3rd largest (disclosed) transaction.
  • This is Dassault Systemes’ 17th transaction in the United States.
  • This is Dassault Systemes’ 5th transaction in California.

M&A Deal Summary

Date 2018-12-11
Target IQMS.com
Sector Software
Buyer(s) Dassault Systemes
Sellers(s) Banneker Partners
TCV
Deal Type Add-on Acquisition
Deal Value 425M USD
Advisor(s) Harris Williams (Financial)
Weil Gotshal & Manges (Legal)

Target

IQMS.com

Paso Robles, California, United States
IQMS.com is a provider of manufacturing software and ERP software systems for repetitive, process and discrete manufacturing industries. IQMS.com was founded in 1989 and is based in Paso Robles, California.

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Buyer(S) 1

Buyer

Dassault Systemes

Velizy-Villacoublay, France

Category Company
Founded 1981
Sector Software
Employees26,000
Revenue 6.2B EUR (2024)
DESCRIPTION
Entrance to Dassault Systemes' campus in Waltham, Massachusetts.
Entrance to Dassault Systemes' campus in Waltham, Massachusetts.

Dassault Systemes is a provider of technical design software that produces 3D design software and product lifecycle management solutions. Dassault Systemes was founded in 1981 and is based in Velizy-Villacoublay, France.


DEAL STATS #
Overall 39 of 40
Sector: Software M&A 32 of 32
Type: Add-on Acquisition M&A Deals 33 of 34
State: California M&A 5 of 5
Country: United States M&A 17 of 18
Year: 2018 M&A 2 of 2
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Centric Software

Campbell, California, United States

Centric Software, Inc. is a provider of driving digital transformation with software innovation in the fashion, apparel, luxury and retail sectors. Centric Software, Inc. was founded in 1989 and is based in Campbell, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 Medidata Solutions

New York, New York, United States

Medidata Solutions, Inc. is a provider of cloud-based solutions for clinical research in life sciences, transforming clinical development through its advanced applications and intelligent data analytics. The Medidata Clinical Cloud™ brings new levels of productivity and quality to the clinical testing of promising medical treatments, from study design and planning through execution, management and reporting. Medidata Solutions was formed in 1999 and is based in New York City.

Buy $5.8B

Seller(S) 2

SELLER

Banneker Partners

San Francisco, California, United States

Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.


DEAL STATS #
Overall 2 of 5
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 4
State: California M&A 2 of 2
Country: United States M&A 2 of 4
Year: 2018 M&A 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 Routeware

Portland, Oregon, United States

Routeware is a provider of software used by the waste management industry to dispatch real-time work orders to vehicles, track route progress, analyze route performance, and provides real-time information for supervisors and customer service agents. Routeware was founded in 1999 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Ever.Ag

Lewisville, Texas, United States

Ever.Ag is a pioneering provider of market intelligence and software-as-a-service (SaaS) solutions. Ever.Ag offers a wide range of innovative agtech solutions that empower agriculture, food and beverage supply chains to feed a growing world. Ever.Ag was founded in 2000 and is based in Lewisville, Texas.

Buy -
SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 72 of 84
Sector: Software M&A 20 of 23
Type: Add-on Acquisition M&A Deals 38 of 43
State: California M&A 30 of 30
Country: United States M&A 65 of 73
Year: 2018 M&A 4 of 4
Size (of disclosed) 13 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 eharmony

Los Angeles, California, United States

eharmony is a pioneer in using algorithms to create highly compatible relationships based on key dimensions of personality that predict the most compatible, highly successful, long-term relationships. eharmony operates in the United States, Canada, the United Kingdom and Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 Webroot

Broomfield, Colorado, United States

Webroot, Inc. is a cybersecurity company. Webroot delivers next-generation endpoint security and threat intelligence services to protect businesses and individuals around the globe. Webroot's security approach harnesses the power of cloud-based collective threat intelligence derived from millions of real-world devices to stop threats in real time. Webroot was founded in 1997 and is headquartered in Broomfield, Colorado.

Sell $619M