M&A Deal Summary

DELL EMC Acquires Astrum Software

On April 15, 2003, DELL EMC acquired information technology company Astrum Software from JMI Equity

Acquisition Highlights
  • This is DELL EMC’s 1st transaction in the Information Technology sector.
  • This is DELL EMC’s 9th transaction in the United States.
  • This is DELL EMC’s 5th transaction in Massachusetts.

M&A Deal Summary

Date 2003-04-15
Target Astrum Software
Sector Information Technology
Buyer(s) DELL EMC
Sellers(s) JMI Equity
Deal Type Add-on Acquisition

Target

Astrum Software

Boston, Massachusetts, United States
Astrum delivers client-to-storage management solutions for Windows 2000/NT/9X based systems, storage area networks and network attached storage. Astrum’s product suite, StorCast, enables customers to proactively manage explosive storage growth, ensuring accessibility and availability to an organization’s most critical assets—data and IT infrastructure.

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Buyer(S) 1

Buyer

DELL EMC

Hopkinton, Massachusetts, United States

Category Company
Founded 1979
Sector Information Technology
Employees63,900
Revenue 24.4B USD (2014)
DESCRIPTION
EMC's corporate headquarters in Hopkinton, Massachusetts.
EMC's corporate headquarters in Hopkinton, Massachusetts.

Dell EMC, a part of Dell Technologies, enables organizations to modernize, automate and transform their data center using industry-leading converged infrastructure, servers, storage and data protection technologies. This provides a trusted foundation for businesses to transform IT, through the creation of a hybrid cloud, and transform their business through the creation of cloud-native applications and big data solutions. Dell EMC, formerly EMC Corp., was established in 1979 and is based in Hopkinton, Massachusetts.


DEAL STATS #
Overall 10 of 68
Sector (Information Technology) 1 of 9
Type (Add-on Acquisition) 9 of 67
State (Massachusetts) 5 of 15
Country (United States) 9 of 61
Year (2003) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-25 Prisa Networks

San Diego, California, United States

Prisa Networks, a privately held supplier of storage area network (SAN) management software. Prisa Networks' software, which, amongst other things, discovers, manages and monitors multi-vendor SAN devices, including storage systems, switches, hubs, routers and HBAs, will initially be sold through existing OEM agreements.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-21 Legato Systems

Mountain View, California, United States

Legato Systems, Inc., provides services in software solutions and services for information life cycle management.

Buy -

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 $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 15 of 106
Sector (Information Technology) 3 of 14
Type (Add-on Acquisition) 11 of 67
State (Massachusetts) 2 of 10
Country (United States) 15 of 94
Year (2003) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-04 Silicon Energy

Alameda, California, United States

Silicon Energy Corp. is a provider of energy management software to reduce energy usage and lower energy costs. This software is used for aggregating "negawatts" or load shedding and for integrating Distributed Generation into the electric grid.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-04 Applimation

Chicago, Illinois, United States

Applimation, Inc. is a independent provider of application data management solutions for Oracle, SAP, PeopleSoft, Siebel and custom environments.

Buy -