M&A Deal Summary

gedas AG Acquires Datenrevision

On August 18, 1999, gedas AG acquired software company Datenrevision from Hummingbird for 12M USD

Acquisition Highlights
  • This is gedas AG’s 1st transaction in the Software sector.
  • This is gedas AG’s largest (disclosed) transaction.
  • This is gedas AG’s 1st transaction in Germany.

M&A Deal Summary
Date 1999-08-18
Target Datenrevision
Sector Software
Buyer(s) gedas AG
Sellers(s) Hummingbird
Deal Type Divestiture
Deal Value 12M USD

Target

Datenrevision

Hamburg, Germany
Datenrevision is a privately held software consulting company specializing in the areas of client/server development and data warehousing projects, as well as the distribution of software tools. Datenrevision has established itself as an expert in software consulting among large corporate customers. The company distributes and supports high-end client/server development tools and Business Intelligence tools from Hummingbird, and currently has approximately 500 customers in Germany and Austria.

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Buyer(S) 1

Buyer

gedas AG

Berlin, Germany
Category Company
Founded 1983
Sector Information Technology
DESCRIPTION

gedas AG is a provider of Information technology consulting and solutions for the automotive and manufacturing industries.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Hummingbird

Toronto, Ontario, Canada
Category Company
Founded 1984
Sector Software
DESCRIPTION

Hummingbird Ltd. is an enterprise software and solutions company that specializes in the development of decision-enabling web-based work environments.

DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Divestiture) 2 of 2
Country (Germany) 1 of 1
Year (1999) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-17 CMS/Data

Tallahassee, Florida, United States

CMS/Data Corp. is a client/server financial information management and time-based billing solution for professional services firms. CMS/Data is based in Tallahassee, Florida and employs approximately 250 people worldwide in the development, sales and support of CMS OPEN.

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-02 Diamond Head - Software Products

United States

Diamond Head - Software Products are used for development of enterprise software solutions that provide access to all business-critical information and resources.

Buy -
Mergr

Product

Company

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