M&A Deal Summary

E2open Acquires Steelwedge Software

On February 13, 2017, E2open acquired internet software and services company Steelwedge Software from Mainsail Partners and Camden Partners

Acquisition Highlights
  • This is E2open’s 3rd transaction in the Internet Software and Services sector.
  • This is E2open’s 4th transaction in the United States.
  • This is E2open’s 2nd transaction in California.

M&A Deal Summary

Date 2017-02-13
Target Steelwedge Software
Sector Internet Software and Services
Buyer(s) E2open
Sellers(s) Mainsail Partners
Camden Partners
Deal Type Merger

Target

Steelwedge Software

Pleasanton, California, United States
Steelwedge Software, Inc. is a provider of Integrated Business Planning (IBP) solutions. Steelwedge’s cloud-based Sales & Operations Planning (S&OP) software connects people, process and technology to power a single view of a company’s business, powering reliable “what if” scenario modeling that pinpoints the financial impact of supply-demand trade-off decisions. Steelwedge Software was founded in 2000 and is based in Pleasanton, California.

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Buyer(S) 1

Buyer

E2open

Austin, Texas, United States

Category Company
Founded 2000
Sector Internet Software and Services
Employees3,916
Revenue 608M USD (2025)
DESCRIPTION

E2open is a provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative planning and execution across global trading networks. E2open was founded in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 5 of 15
Sector: Internet Software and Services M&A 3 of 9
Type: Merger M&A Deals 1 of 1
State: California M&A 2 of 3
Country: United States M&A 4 of 13
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 Orchestro

McLean, Virginia, United States

Orchestro, Inc. is a provider of cloud based demand signal repositories and preemptive analytics for retail and omni-channel fulfillment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 Zyme Solutions

Redwood Shores, California, United States

Zyme Solutions is a provider of cloud-based Software as a service and managed services applications for data solutions. Zyme’s flexible, real-time data platform powers the New Smart Channel℠, a proven approach to acquiring actionable knowledge that enterprises need to accelerate partner sales and optimize marketing ROI. Zyme Solutions was founded in 2004 and is based in Redwood Shores, California.

Buy -

Seller(S) 2

SELLER

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2003
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco, California.


DEAL STATS #
Overall 10 of 29
Sector: Internet Software and Services M&A 1 of 7
Type: Merger M&A Deals 1 of 1
State: California M&A 4 of 9
Country: United States M&A 10 of 29
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 PeraHealth

Charlotte, North Carolina, United States

PeraHealth develops predictive enterprise software based on the Rothman Index, a score to quantify patient acuity. The company's solutions alert clinicians to patient deterioration, helping to reduce in-hospital mortality, and unplanned transfers to the ICU, and drive more timely palliative care consults. Its Rothman Index is the only FDA-cleared predictive analytics solution of its kind on the market today. PeraHealth in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 ServiceTitan

Glendale, California, United States

ServiceTitan is a mobile, cloud-based software platform that helps home services companies streamline operations, improve customer service, and increase sales. ServiceTitan was founded in 2012 and is based in Glendale, California.

Buy -
SELLER

Camden Partners

Owings Mill, Maryland, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1995
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Camden Partners is a growth-oriented private investment firm focused on direct investments as well as structured capital solutions. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the technology, software, business services, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 20 of 27
Sector: Internet Software and Services M&A 2 of 3
Type: Merger M&A Deals 1 of 1
State: California M&A 6 of 6
Country: United States M&A 19 of 26
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Conquer

Reno, Nevada, United States

Conquer is an end-to-end Revenue Engagement Solution for enterprise sales and service teams. As a native application for both Salesforce and Microsoft Dynamics 365, Conquer works inside client's existing CRM to make sales and service teams more effective at gaining access, growing pipeline, winning revenue, and strengthening customer relationships. Conquer is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-09 Pinnacle Automotive Hospitality Services

Owings Mills, Maryland, United States

Pinnacle Automotive Hospitality Services provides legendary porter services, auto wash/detail services, courtesy shuttle drivers, delivery coordinators, receptionists, greeters, and cashiers to automotive dealerships nationwide. Pinnacle AHS was established with an unprecedented focus on talent selection, guest service training, and quality assurance. Pinnacle Automotive Hospitality Services is based in Owings Mills, Maryland.

Buy -