M&A Deal Summary

DTN Acquires PraxSoft

On June 10, 2019, DTN acquired semiconductors company PraxSoft

Acquisition Highlights
  • This is DTN’s 1st transaction in the Semiconductors sector.
  • This is DTN’s 5th transaction in the United States.
  • This is DTN’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-06-10
Target PraxSoft
Sector Semiconductors
Buyer(s) DTN
Deal Type Add-on Acquisition

Target

PraxSoft

Orlando, Florida, United States
PraxSoft, Inc. is a provider of sensor interface and communications technology which collects, processes and transmits real-time data from a myriad of sensor devices to produce actionable information. PraxSoft, Inc. is based in Orlando, Florida.

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Buyer(S) 1

Buyer

DTN

Omaha, Nebraska, United States

Category Company
Founded 1984
Sector Business Services
DESCRIPTION

DTN is a providor of time-sensitive, specialized meteorological and business information, analysis and integration tools to over a dozen different market segments using a combination of internet, satellite and direct data-feed.


DEAL STATS #
Overall 6 of 11
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 5 of 8
State (Florida) 1 of 1
Country (United States) 5 of 9
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 Weather Decision Technologies

Norman, Oklahoma, United States

Weather Decision Technologies, Inc. is a provider of an organizations with actionable weather analytics and decision support. The company helps clients leverage weather information for profit and safety globally. Hazardous weather detection, prediction, and decision analytics are available via APIs and GIS layers, as well as WDT’s leading risk mitigation SaaS platform, WeatherOps®.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 Weatherzone

North Sydney, Australia

Weatherzone is a provider of weather information to consumers and businesses across major industry sectors. Millions of people use the Weatherzone app daily to plan their activities. Weatherzone provides hundreds of businesses across the country with industry-leading weather insights. Some of Australia’s largest companies in aviation, mining, energy, and utilities rely on Weatherzone every day to keep their business running efficiently and their people safe. Mark Hardy, founder, and board member will rejoin the business as Managing Director and will continue to drive customer value.

Buy -