Add-on Acquisition • Software

Exelis Acquires C4i Pty.

On January 31, 2013, Exelis acquired software company C4i Pty. from Longreach Capital for 17M USD

Acquisition Context
  • This is Exelis’ 2nd transaction in the Software sector.
  • This is Exelis’ largest (disclosed) transaction.
  • This is Exelis’ 1st transaction in Australia.

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M&A Deal Summary

Date January 31, 2013
Target C4i Pty.
Sector Software
Buyer(s) Exelis
Sellers(s) Longreach Capital
Deal Type Add-on Acquisition
Deal Value 17M USD

Target Company

C4i Pty.

South Melbourne, Australia
C4i Pty. Ltd., provides advanced communications software that supports mission critical communications for a range of applications including air traffic management, defense, public safety, mining and homeland security.
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Buyer Overview 1

Buyer

Exelis

McLean, Virginia, United States

Category Company
Founded 2011
Sector Information Technology
Employees17,200
Revenue 4.8B USD (2013)
DESCRIPTION

Exelis, Inc. is a global aerospace, defense and information solutions company. Exelis is a provider in positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems, and focused on strategic growth in the areas of critical networks, ISR and analytics, electronic warfare and composite aerostructures.


Deal Context for Buyer #
Overall 4 of 6
Sector: Software 2 of 3
Type: Add-on Acquisition 4 of 5
Country: Australia 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 Space Computer

Los Angeles, California, United States

Space Computer Corporation produces real time signal processing systems, software and algorithms for exploitation of hyperspectral sensor data.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-12 Celestech

Chantilly, Virginia, United States

Celestech, Inc., is a technology development and engineering firm. Celestech develops tailored technical solutions for government and commercial customers, with specific expertise in advanced signal processing and communications systems. The company provides engineering services and product development for next generation satellite and terrestrial wireless solutions.

Buy -

Seller Profile 1

SELLER

Longreach Capital

Chicago, Illinois, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Longreach Capital is a private investment firm focused on acquiring 'cash flow positive business services and niche manufacturing companies with significant growth potential'. Longreach looks for situations where there is a retiring owner in need of a succession plan or an owner desiring more day-to-day flexibility. Prospective companies generally have cash-flows of $2 to $7 million, strong market positions, recurring revenues, and limited technology risk. Longreach Capital is based in Chicago, Illinois.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Australia 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1