M&A Deal Summary

Fortra Acquires Fox Technologies

On December 12, 2017, Fortra acquired software company Fox Technologies from Parallax Capital Partners

Acquisition Highlights
  • This is Fortra’s 9th transaction in the Software sector.
  • This is Fortra’s 7th transaction in the United States.
  • This is Fortra’s 1st transaction in Michigan.

M&A Deal Summary
Date 2017-12-12
Target Fox Technologies
Sector Software
Buyer(s) Fortra
Sellers(s) Parallax Capital Partners
Deal Type Add-on Acquisition

Target

Fox Technologies

Grand Rapids, Michigan, United States
Fox Technologies, Inc. is a provider of access management and governance software. Fox Technologies was founded in 2001 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Fortra

Eden Prairie, Minnesota, United States
Category Company
Founded 1982
Sector Information Technology
DESCRIPTION

Fortra provides security, systems and network management, automation, business intelligence and compliance solutions. The Company’s software and services monitor and automate processes, encrypt and secure data, and provide access to the information that large organizations need every day. Fortra was founded in 1982 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 9 of 25
Sector (Software) 9 of 14
Type (Add-on Acquisition) 8 of 20
State (Michigan) 1 of 1
Country (United States) 7 of 18
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 Tango/04 Computing Group S.L.

Barcelona, Spain

Tango/04 Computing Group S.L. is a provider in the development of corporate monitoring software for technology, security and business control.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-22 Midrange Performance Group

Boulder, Colorado, United States

Midrange Performance Group, Inc. is a provider of whose solutions enable organizations to optimize their IT environments. Midrange Performance Group, Inc. was founded in 1990 and is based in Boulder, Colorado.

Buy -

Seller(S) 1

SELLER

Parallax Capital Partners

Laguna Hills, California, United States

Investor Investor

Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Focused
DESCRIPTION

Parallax Capital Partners is a private equity firm focused on acquiring middle-market software and related technology companies. Prospective transactions include corporate divestitures, take privates, management buyouts, private company acquisitions, and recapitalizations. Target companies typically have $5 to $100 million in revenue and offer mission-critical products or services. Parallax will consider opportunities in North and South America, Europe, or Asia. Parallax Capital Partners was formed in 1999 and is based in Laguna Hills, California.

DEAL STATS #
Overall 8 of 11
Sector (Software) 5 of 6
Type (Add-on Acquisition) 6 of 9
State (Michigan) 1 of 1
Country (United States) 7 of 10
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 Quark Software

Grand Rapids, Michigan, United States

Quark Software is a developer of content automation platform that helps large organizations streamline the creation, management, publishing, and delivery of business-critical content. Their solutions automate the process with reusable Smart Content components that can be dynamically assembled and delivered with precision in any format and to any channel — web, tablet, mobile, print, and more. Quark Software was founded in 1981 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Bunchball

Redwood City, California, United States

Bunchball, Inc. is a cloud-based platform to integrate game mechanics into non-game digital experiences.

Sell -
Mergr

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