M&A Deal Summary

Fortive Acquires Censis Technologies

On November 7, 2019, Fortive acquired software company Censis Technologies from The Riverside Company

Acquisition Highlights
  • This is Fortive’s 3rd transaction in the Software sector.
  • This is Fortive’s 4th transaction in the United States.
  • This is Fortive’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2019-11-07
Target Censis Technologies
Sector Software
Buyer(s) Fortive
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition

Target

Censis Technologies

Franklin, Tennessee, United States
Censis Technologies, Inc. offers advanced, web-based surgical inventory management systems focused on enhancing patient safety, efficiency, and regulatory compliance.

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Buyer(S) 1

Buyer

Fortive

Everett, Washington, United States

Category Company
Founded 2015
Sector Test/Measurement Equipment
Employees18,000
Revenue 6.1B USD (2023)
DESCRIPTION

Fortive is a diversified designer, developer, manufacturer, servicer and marketer of professional and engineered products, software, and services for a variety of end markets. Fortive was founded in 2015 and is based in Everett, Washington.


DEAL STATS #
Overall 4 of 9
Sector (Software) 3 of 5
Type (Add-on Acquisition) 4 of 9
State (Tennessee) 1 of 1
Country (United States) 4 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Accruent

Austin, Texas, United States

Accruent, Inc. is a provider of physical resource management software. Accruent provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries to deliver greater customer value. Accruent, Inc. was founded in 1995 and is based in Austin, Texas.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 TeamSense

Seattle, Washington, United States

TeamSense is an app-free, text-based human resources tool for hourly workers in the manufacturing space. TeamSense was founded in 2020 and is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 155 of 191
Sector (Software) 6 of 13
Type (Add-on Acquisition) 63 of 82
State (Tennessee) 4 of 4
Country (United States) 110 of 133
Year (2019) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-29 ProSites

Temecula, California, United States

ProSites is a provider of website design and online marketing solutions that help professionals achieve measurable practice growth. Their comprehensive suite of solutions includes ready-to-go and custom website design, search engine marketing, social media management, automated patient communications, and pay-per-click solutions. ProSites was founded in 1999 and is based in Temecula, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 n2y

Huron, Ohio, United States

n2y is a developer of education curricula and teaching materials for K-12 students with special needs. n2y offers its products to teachers and school administrators through a cloud-based subscription platform. n2y’s core products include Unique Learning System, a standards-based curriculum program designed specifically for students with special needs; news-2-you, a weekly current events newspaper; and SymbolStix, a symbol-based language used in learning materials. n2y was founded in 1997 and is based in Huron, Ohio.

Sell -