M&A Deal Summary

Exterro Acquires Zapproved

On January 19, 2023, Exterro acquired internet software and services company Zapproved from Vista Equity Partners

Acquisition Highlights
  • This is Exterro’s 2nd transaction in the Internet Software and Services sector.
  • This is Exterro’s 3rd transaction in the United States.
  • This is Exterro’s 1st transaction in Oregon.

M&A Deal Summary
Date 2023-01-19
Target Zapproved
Sector Internet Software and Services
Buyer(s) Exterro
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition

Target

Zapproved

Portland, Oregon, United States
Zapproved is a provider of developing cloud‐based software for corporate legal departments. The Z-Discovery Platform returns power to in‐house corporate legal teams and helps them navigate electronic discovery with minimal risk and cost, and it sets new standards for scalability and intuitive design. Zapproved was founded in 2008 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Exterro

Beaverton, Oregon, United States
Category Company
Founded 2005
Sector Internet Software and Services
DESCRIPTION

Exterr is an end-to-end SaaS platform that enables corporate legal departments to effectively manage all aspects of the e-Discovery process. Exterro was founded in 2005 and is based in Beaverton, Oregon.

DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Oregon) 1 of 1
Country (United States) 3 of 4
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 AccessData Group

Orem, Utah, United States

AccessData Group, Inc. is a provider of digital forensic investigation software. AccessData has worked with more than 130,000 users in law enforcement, government agencies, corporations and law firms around the world, providing both stand-alone and enterprise-class solutions that can synergistically work together. AccessData Group was founded in 1987 and is based in Orem, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Divebell

San Francisco, California, United States

Divebell is a data discovery platform that provides a robust foundation for operationalizing your data governance, data privacy management and data protection programs at scale. Divebell was founded in 2019 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 67 of 70
Sector (Internet Software and Services) 18 of 20
Type (Add-on Acquisition) 33 of 35
State (Oregon) 4 of 4
Country (United States) 62 of 65
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Duck Creek

Boston, Massachusetts, United States

Duck Creek is a provider of comprehensive P&C insurance software and services delivered on-premise or via Duck Creek On-Demand, a Software as a Service model. The company delivers configurable software that is designed to work independently or as a combined approach to quickly and seamlessly handle the unique needs of insurers of all sizes. Its technology solutions enable clients to optimize outcomes through streamlined operations, shared data, and consistent functionality. Duck Creek was incorporated in 1883 and is headquartered in Boston, Massachusetts.

Buy $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-14 Cvent

Tysons, Virginia, United States

Cvent is a meeting, events, and hospitality technology provider that delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging impactful experiences. The Company's suite of products automates and simplifies the event management lifecycle and maximizes the impact of in-person, virtual, and hybrid events. Hotels and venues use Cvent’s supplier and venue solutions to win more group and corporate travel business through Cvent’s sourcing platforms. Its solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. Cvent was formed in 1999 and is based in Tysons, Virginia.

Buy $4.6B
Mergr

Product

Company

Legal