M&A Deal Summary

Evolving Systems Acquires Lumata Group

On August 16, 2017, Evolving Systems acquired software company Lumata Group from Francisco Partners and Buongiorno

Acquisition Highlights
  • This is Evolving Systems’ 3rd transaction in the Software sector.
  • This is Evolving Systems’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2017-08-16
Target Lumata Group
Sector Software
Buyer(s) Evolving Systems
Sellers(s) Francisco Partners
Buongiorno
Deal Type Add-on Acquisition

Target

Lumata Group

London, United Kingdom
Lumata Group Ltd. is a provider of real-time, next generation loyalty and customer lifecycle management software and services. It delivers tools and marketing expertise to service providers and brands that enable them to unlock the value in their customer data. With a customer base spanning Europe, Africa, Central America and Southeast Asia.

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Buyer(S) 1

Buyer

Evolving Systems

Englewood, Colorado, United States

Category Company
Founded 1985
Sector Software
Employees277
Revenue 26M USD (2020)
DESCRIPTION

Evolving Systems is a provider of software solutions and systems integration services for the telecommunications industry. Evolving Systems was founded in 1985 and is based in Englewood, Colorado.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 2 of 2
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 Business Logic Systems

Didcot, United Kingdom

Business Logic Systems Ltd. specializes in data-driven customer value management and customer engagement solutions that have been implemented in over 20 mobile operators in Europe, Africa, Asia-Pacific and Latin America. BLS solutions turn customer data into actionable insights and personalized contextual offers. Customer engagement occurs through in-bound and out-bound offers and is further extended through a suite of loyalty and retention solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Evolving Systems - Activation and Marketing Businesses

Englewood, Colorado, United States

Evolving Systems' activation and marketing businesses provide software and best-in-class customer service related to marketing.

Sell $40M

Seller(S) 2

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 46 of 88
Sector: Software M&A 16 of 30
Type: Add-on Acquisition M&A Deals 28 of 55
Country: United Kingdom M&A 4 of 5
Year: 2017 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 Corsair

Milpitas, California, United States

Corsair designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific. The company operates in two segments, Gamer and Creator Peripherals, and Gaming Components and Systems. Corsair was founded in 1994 and is based in Milpitas, California.

Sell $525M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 R2net

New York, New York, United States

R2Net is a provider of complete bespoke solutions to transition brick and mortar jewelry stores into thriving e-commerce retailers. From development to inventory , company provide with all the necessary tools to lower costs and increase revenue.

Sell $328M
SELLER

Buongiorno

Parma, Italy

Category Company
Founded 1999
Sector Internet Software and Services
Employees800
DESCRIPTION

Buongiorno SpA is a provider in m-commerce for developing and managing payments and apps which enhance consumers’ satisfaction in the use of their mobile devices.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Lumata Group

London, United Kingdom

Lumata Group Ltd. is a provider of real-time, next generation loyalty and customer lifecycle management software and services. It delivers tools and marketing expertise to service providers and brands that enable them to unlock the value in their customer data. With a customer base spanning Europe, Africa, Central America and Southeast Asia.

Buy -