M&A Deal Summary

Digital.ai Acquires Arxan

On April 16, 2020, Digital.ai acquired software company Arxan from TA Associates

Acquisition Highlights
  • This is Digital.ai’s 2nd transaction in the Software sector.
  • This is Digital.ai’s 2nd transaction in the United States.
  • This is Digital.ai’s 1st transaction in Maryland.

M&A Deal Summary

Date 2020-04-16
Target Arxan
Sector Software
Buyer(s) Digital.ai
Sellers(s) TA Associates
Deal Type Merger
Advisor(s) Moelis & Co. (Financial)
Goodwin Procter (Legal)

Target

Arxan

Bethesda, Maryland, United States
Arxan is a provider of software security solutions. Arxan focuses on solutions that address the vulnerability of software running on a machine that is no longer controlled by the software’s creator. Arxan was founded in 2001 and is based in Bethesda, Maryland.

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Buyer(S) 1

Buyer

Digital.ai

Raleigh, North Carolina, United States

Category Company
Founded 2020
Sector Information Technology
DESCRIPTION

Digital.ai is a technology company that provides agile planning, application protection, software delivery, and artificial intelligence into a unified Value Stream Platform. Digital.ai was established in 2020 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 2 of 4
Sector (Software) 2 of 2
Type (Merger) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 4
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-16 CollabNet

Alpharetta, Georgia, United States

CollabNet is a provider of collaborative software development and delivery solutions. CollabNet provides a suite of tools that allow software developers at companies of all sizes to more effectively collaborate on projects and manage the software development process. CollabNet was founded in 1999 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-16 Numerify

San Jose, California, United States

Numerify, Inc. is an artificial intelligence (AI) analytics solutions firm, and Experitest, a continuous quality provider. Numerify is based in San Jose, California.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 226 of 256
Sector (Software) 48 of 56
Type (Merger) 6 of 6
State (Maryland) 4 of 5
Country (United States) 190 of 207
Year (2020) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-26 Evanston Capital Management

Evanston, Illinois, United States

Evanston Capital Management is an alternative investment management firm focused on providing multi-manager hedge fund programs and custom solutions for institutional and high net worth investors. Evanston Capital Management was founded in 2002 and is based in Evanston, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-17 Honan Insurance Group

Melbourne, Australia

Honan Insurance Group provides a full range of commercial insurance, risk, and financial solutions to businesses across a wide range of industries, including financial institutions, healthcare, professional services, technology, biotech & life science, logistics, construction, food & beverages, and mining & energy. Honan Insurance Group was founded in 1964 and is based in Melbourne, Australia.

Buy -