M&A Deal Summary

Entrust Acquires Entrust

On December 17, 2013, Entrust acquired software company Entrust from Thoma Bravo

Acquisition Highlights
  • This is Entrust’s 1st transaction in the Software sector.
  • This is Entrust’s 1st transaction in the United States.
  • This is Entrust’s 1st transaction in Texas.

M&A Deal Summary

Date 2013-12-17
Target Entrust
Sector Software
Buyer(s) Entrust
Sellers(s) Thoma Bravo
Deal Type Add-on Acquisition
Advisor(s) The Chertoff Group
Centerview Partners (Financial)

Target

Entrust

Dallas, Texas, United States
Entrust secures digital identities and information for consumers, enterprises and governments in more than 2,000 organizations spanning 60 countries. Leveraging a layered security approach to address growing risks, Entrust solutions help secure the most common digital identity and information protection pain points in an organization. These include SSL, authentication, fraud detection, shared data protection and e-mail security.

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Buyer(S) 1

Buyer

Entrust

Shakopee, Minnesota, United States

Category Company
Founded 1969
Sector Information Technology
DESCRIPTION
Entrust Datacard's corporate headquarters in Shakopee, Minnesota.
Entrust Datacard's corporate headquarters in Shakopee, Minnesota.

Entrust keeps the world moving safely by enabling strong identities, secure payments, and protected data. Entrust offers an unmatched breadth of solutions that are critical to the future of secure enterprises, governments, the people they serve, and the data and transactions associated with them. Entrust is based in Shakopee, Minnesota.


DEAL STATS #
Overall 1 of 9
Sector (Software) 1 of 4
Type (Add-on Acquisition) 1 of 8
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Entrust Datacard - Entelligence Messaging Server

Minneapolis, Minnesota, United States

Entrust Datacard Corp. - Entelligence Messaging Server is an email encryption solution, and the related business.

Sell -

Seller(S) 1

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 19 of 79
Sector (Software) 8 of 33
Type (Add-on Acquisition) 11 of 36
State (Texas) 3 of 11
Country (United States) 19 of 73
Year (2013) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 Network Instruments

Minnetonka, Minnesota, United States

Network Instruments is an industry leader in application and network troubleshooting and analysis. Its monitoring and management tools optimize performance and speed problem resolution, helping ensure delivery of critical applications for businesses worldwide. It delivers these benefits through a seamlessly integrated line of software and hardware systems that are precision engineered for exact network monitoring and analysis.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-05 GHX

Louisville, Colorado, United States

GHX is a provider of cloud-based supply chain management technology and services in order to help enable better patient care and savings by maximizing automation, efficiency, and accuracy of business processes. GHX offers healthcare providers and suppliers an open and neutral electronic trading exchange that delivers procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, and other supply chain-related tools and services. GHX was formed in 2000 and is based in Louisville, Colorado.

Buy -