M&A Deal Summary

Ex Libris Group Acquires Innovative Interfaces

On December 5, 2019, Ex Libris Group acquired software company Innovative Interfaces from HGGC and JMI Equity

Acquisition Highlights
  • This is Ex Libris Group’s 2nd transaction in the Software sector.
  • This is Ex Libris Group’s 3rd transaction in the United States.
  • This is Ex Libris Group’s 1st transaction in California.

M&A Deal Summary
Date 2019-12-05
Target Innovative Interfaces
Sector Software
Buyer(s) Ex Libris Group
Sellers(s) HGGC
JMI Equity
Deal Type Add-on Acquisition

Target

Innovative Interfaces

Emeryville, California, United States
Innovative Interfaces, Inc. is a provider of library automation software and systems that empower libraries and enrich their users worldwide. Innovative offers one of the most comprehensive portfolios of library automation products on the market today, serving academic, public, national, corporate, and special libraries and consortia. Headquartered in Emeryville, California, Innovative has a global presence serving thousands of libraries in 66 countries and offices worldwide.

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Buyer(S) 1

Buyer

Ex Libris Group

Jerusalem, Israel
Category Company
Founded 1983
Sector Software
DESCRIPTION

Ex Libris is a provider of software solutions for libraries, academic institutions and information centers. The Company's products are used by libraries to acquire, manage, deliver, and allow their users to discover, both their physical and electronic resources.

DEAL STATS #
Overall 6 of 6
Sector (Software) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (California) 1 of 1
Country (United States) 3 of 3
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 RapidILL

Fort Collins, Colorado, United States

RapidILL is a provider of document-delivery and resource-sharing solutions. RapidILL offers users enhanced services at significant cost savings, by eliminating various fees, expediting processing, making maximum use of the libraries’ own print and electronic journal holdings, and reducing the amount of staff time required for processing interlibrary loan requests. RapidILL is based in Fort Collins, Colorado.

Buy -

Seller(S) 2

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.

DEAL STATS #
Overall 15 of 24
Sector (Software) 3 of 4
Type (Add-on Acquisition) 10 of 13
State (California) 4 of 5
Country (United States) 13 of 21
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 Integrity Marketing Group

Dallas, Texas, United States

Integrity Marketing Group is a distributor of life and health insurance products focused on serving the senior market. Integrity Marketing Group was founded in 2006 and headquartered in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 PCF Insurance

Woodland Hills, California, United States

PCF Insurance is a full-service insurance brokerage firm that provides complete risk management solutions with a broad array of property & casualty, life and health, employee benefits, and workers' compensation insurance products. PCF was formed in 1987 and is based in Woodland Hills, California.

Buy -
SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 94 of 106
Sector (Software) 49 of 54
Type (Add-on Acquisition) 60 of 67
State (California) 16 of 18
Country (United States) 85 of 94
Year (2019) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-24 Schoology

New York, New York, United States

Schoology, Inc. is a provider of software as a service (SaaS) Learning Management Systems (LMS) and collaboration tools to K-12 schools, higher education institutions, and corporate customers. Schoology, Inc. was founded in 2009 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 The Search Agency

Los Angeles, California, United States

The Search Agency is an online marketing firm specializing in search engine marketing (SEM) and search engine optimization (SEO). The Search Agency was founded in 2002 and is based in Los Angeles, California.

Sell -
Mergr

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