M&A Deal Summary

Empower Software Solutions Acquires Tesseract

On March 24, 2009, Empower Software Solutions acquired software company Tesseract

Acquisition Highlights
  • This is Empower Software Solutions’ 3rd transaction in the Software sector.
  • This is Empower Software Solutions’ 3rd transaction in the United States.
  • This is Empower Software Solutions’ 1st transaction in California.

M&A Deal Summary

Date 2009-03-24
Target Tesseract
Sector Software
Buyer(s) Empower Software Solutions
Deal Type Add-on Acquisition

Target

Tesseract

San Francisco, California, United States
Tesseract Corp. is a developer of human resources management solutions.

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Buyer(S) 1

Buyer

Empower Software Solutions

Orlando, Florida, United States

Category Company
Founded 2007
Sector Software
DESCRIPTION

Empower Software, headquartered in Orlando, Fla. and founded in 2007, offers time and attendance, scheduling, payroll, HR management, and tax filing software applications and services that help organizations effectively manage their workforces and enhance employee engagement.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2009 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-24 Unitime Systems

Boulder, Colorado, United States

Unitime Systems, Inc. is a provider of time and attendance software solutions.

Buy -